Adell Harriman & Carpenter Inc. Sells 110 Shares of Equinix, Inc. (NASDAQ:EQIX)

Adell Harriman & Carpenter Inc. lessened its stake in Equinix, Inc. (NASDAQ:EQIX) by 0.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 19,823 shares of the financial services provider’s stock after selling 110 shares during the period. Equinix makes up approximately 1.3% of Adell Harriman & Carpenter Inc.’s holdings, making the stock its 22nd largest position. Adell Harriman & Carpenter Inc.’s holdings in Equinix were worth $18,691,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of EQIX. GHP Investment Advisors Inc. boosted its stake in shares of Equinix by 50.0% during the 3rd quarter. GHP Investment Advisors Inc. now owns 39 shares of the financial services provider’s stock worth $35,000 after acquiring an additional 13 shares during the last quarter. Fortitude Family Office LLC lifted its position in Equinix by 50.0% during the third quarter. Fortitude Family Office LLC now owns 39 shares of the financial services provider’s stock valued at $35,000 after purchasing an additional 13 shares in the last quarter. Dunhill Financial LLC grew its holdings in Equinix by 108.7% during the third quarter. Dunhill Financial LLC now owns 48 shares of the financial services provider’s stock valued at $43,000 after purchasing an additional 25 shares during the period. Thompson Investment Management Inc. purchased a new stake in Equinix in the fourth quarter worth about $47,000. Finally, Friedenthal Financial bought a new position in shares of Equinix in the fourth quarter worth about $58,000. Institutional investors own 94.94% of the company’s stock.

Insider Activity

In other news, Chairman Charles J. Meyers sold 5,788 shares of the firm’s stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $909.81, for a total value of $5,265,980.28. Following the completion of the sale, the chairman now owns 15,233 shares in the company, valued at approximately $13,859,135.73. This trade represents a 27.53 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Adaire Fox-Martin sold 2,965 shares of the company’s stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $961.62, for a total transaction of $2,851,203.30. Following the transaction, the chief executive officer now owns 3,069 shares in the company, valued at $2,951,211.78. The trade was a 49.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 16,801 shares of company stock valued at $15,530,564 in the last ninety days. Insiders own 0.27% of the company’s stock.

Equinix Trading Up 1.1 %

EQIX stock opened at $933.60 on Friday. The firm has a market cap of $90.08 billion, a PE ratio of 84.18, a price-to-earnings-growth ratio of 2.23 and a beta of 0.72. The firm has a fifty day moving average price of $935.90 and a 200 day moving average price of $894.96. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.16 and a current ratio of 1.16. Equinix, Inc. has a fifty-two week low of $684.14 and a fifty-two week high of $994.03.

Equinix (NASDAQ:EQIX) last issued its quarterly earnings data on Wednesday, February 12th. The financial services provider reported $7.92 EPS for the quarter, topping analysts’ consensus estimates of $2.75 by $5.17. Equinix had a net margin of 12.29% and a return on equity of 8.34%. Sell-side analysts anticipate that Equinix, Inc. will post 31.09 earnings per share for the current fiscal year.

Equinix Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 19th. Shareholders of record on Wednesday, February 26th will be given a dividend of $4.69 per share. The ex-dividend date of this dividend is Wednesday, February 26th. This is an increase from Equinix’s previous quarterly dividend of $4.26. This represents a $18.76 dividend on an annualized basis and a yield of 2.01%. Equinix’s dividend payout ratio is 153.65%.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on EQIX. Barclays increased their target price on shares of Equinix from $810.00 to $822.00 and gave the stock an “equal weight” rating in a report on Monday, November 18th. Wells Fargo & Company decreased their price objective on shares of Equinix from $1,075.00 to $1,065.00 and set an “overweight” rating on the stock in a research report on Thursday. Citizens Jmp raised shares of Equinix to a “strong-buy” rating in a report on Monday, January 27th. Scotiabank decreased their price target on Equinix from $1,114.00 to $1,033.00 and set a “sector outperform” rating on the stock in a report on Thursday. Finally, Royal Bank of Canada upped their price objective on Equinix from $936.00 to $1,025.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 11th. Three equities research analysts have rated the stock with a hold rating, fifteen have given a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat.com, Equinix has a consensus rating of “Buy” and a consensus target price of $994.82.

Equinix 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.