Hager Investment Management Services LLC Trims Holdings in Equinix, Inc. $EQIX

Hager Investment Management Services LLC decreased its stake in shares of Equinix, Inc. (NASDAQ:EQIX) by 12.4% during the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 852 shares of the financial services provider’s stock after selling 121 shares during the quarter. Hager Investment Management Services LLC’s holdings in Equinix were worth $678,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Activest Wealth Management increased its stake in Equinix by 121.4% during the first quarter. Activest Wealth Management now owns 31 shares of the financial services provider’s stock worth $25,000 after acquiring an additional 17 shares during the last quarter. GKV Capital Management Co. Inc. acquired a new stake in Equinix during the first quarter worth $30,000. Atticus Wealth Management LLC acquired a new stake in Equinix during the second quarter worth $29,000. Saudi Central Bank acquired a new stake in Equinix during the first quarter worth $31,000. Finally, Quarry LP acquired a new stake in Equinix during the first quarter worth $31,000. Hedge funds and other institutional investors own 94.94% of the company’s stock.

Insider Transactions at Equinix

In other Equinix news, Director Christopher B. Paisley sold 75 shares of Equinix stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $781.50, for a total transaction of $58,612.50. Following the completion of the sale, the director directly owned 17,832 shares of the company’s stock, valued at $13,935,708. The trade was a 0.42% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Raouf Abdel sold 404 shares of Equinix stock in a transaction dated Tuesday, September 9th. The stock was sold at an average price of $771.11, for a total value of $311,528.44. Following the sale, the executive vice president directly owned 6,378 shares of the company’s stock, valued at $4,918,139.58. This trade represents a 5.96% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.27% of the stock is owned by insiders.

Equinix Stock Up 2.1%

Shares of NASDAQ EQIX opened at $803.62 on Thursday. The company has a market capitalization of $78.65 billion, a price-to-earnings ratio of 78.71, a price-to-earnings-growth ratio of 1.40 and a beta of 0.92. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.54 and a quick ratio of 1.54. The business has a 50-day moving average of $781.75 and a two-hundred day moving average of $813.38. Equinix, Inc. has a 1 year low of $701.41 and a 1 year high of $994.03.

Equinix (NASDAQ:EQIX) last announced its quarterly earnings results on Wednesday, July 30th. The financial services provider reported $9.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.49 by $6.42. The company had revenue of $2.26 billion during the quarter, compared to the consensus estimate of $2.26 billion. Equinix had a return on equity of 7.22% and a net margin of 11.11%.Equinix’s revenue for the quarter was up 4.5% on a year-over-year basis. During the same period in the previous year, the business earned $9.22 EPS. Equinix has set its Q3 2025 guidance at EPS. FY 2025 guidance at 37.670-38.480 EPS. On average, analysts forecast that Equinix, Inc. will post 33.1 earnings per share for the current fiscal year.

Equinix Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 17th. Shareholders of record on Wednesday, August 20th were issued a dividend of $4.69 per share. This represents a $18.76 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date of this dividend was Wednesday, August 20th. Equinix’s payout ratio is 183.74%.

Wall Street Analysts Forecast Growth

EQIX has been the subject of a number of research reports. Wall Street Zen raised Equinix from a “sell” rating to a “hold” rating in a research note on Friday, October 3rd. JPMorgan Chase & Co. lifted their price objective on Equinix from $935.00 to $940.00 and gave the company an “overweight” rating in a research note on Thursday, July 31st. Bank of America dropped their price objective on Equinix from $1,000.00 to $950.00 and set a “buy” rating for the company in a research note on Thursday, June 26th. Truist Financial lifted their price objective on Equinix from $904.00 to $961.00 and gave the company a “buy” rating in a research note on Thursday, August 7th. Finally, BMO Capital Markets cut Equinix from an “outperform” rating to a “market perform” rating and dropped their price objective for the company from $1,045.00 to $850.00 in a research note on Thursday, June 26th. Four research analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $960.65.

Equinix Company Profile

Equinix (Nasdaq: EQIX) is the world's digital infrastructure company . Digital leaders harness Equinix's trusted platform to bring together and interconnect foundational infrastructure at software speed. Equinix enables organizations to access all the right places, partners and possibilities to scale with agility, speed the launch of digital services, deliver world-class experiences and multiply their value, while supporting their sustainability goals.