CCM Investment Advisers LLC Purchases 72 Shares of Equinix, Inc. $EQIX

CCM Investment Advisers LLC boosted its position in Equinix, Inc. (NASDAQ:EQIX) by 0.5% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,322 shares of the financial services provider’s stock after buying an additional 72 shares during the period. CCM Investment Advisers LLC’s holdings in Equinix were worth $10,597,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Activest Wealth Management increased its position in Equinix by 121.4% in the 1st quarter. Activest Wealth Management now owns 31 shares of the financial services provider’s stock valued at $25,000 after buying an additional 17 shares in the last quarter. Atticus Wealth Management LLC bought a new stake in Equinix in the 2nd quarter valued at about $29,000. GKV Capital Management Co. Inc. bought a new stake in Equinix in the 1st quarter valued at about $30,000. Saudi Central Bank bought a new stake in Equinix in the 1st quarter valued at about $31,000. Finally, Quarry LP bought a new stake in Equinix during the 1st quarter worth approximately $31,000. 94.94% of the stock is owned by institutional investors.

Equinix Price Performance

Equinix stock opened at $803.28 on Wednesday. Equinix, Inc. has a one year low of $701.41 and a one year high of $994.03. The business has a fifty day moving average price of $783.03 and a 200-day moving average price of $817.64. 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 firm has a market capitalization of $78.61 billion, a P/E ratio of 78.68, a PEG ratio of 1.42 and a beta of 0.92.

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

Equinix Announces Dividend

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

Insiders Place Their Bets

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

Analyst Ratings Changes

Several brokerages have recently commented on EQIX. The Goldman Sachs Group lowered their price objective on Equinix from $1,020.00 to $880.00 and set a “buy” rating for the company in a research note on Wednesday, July 2nd. Cowen reissued a “buy” rating on shares of Equinix in a research note on Thursday, July 3rd. Cfra Research downgraded Equinix from a “moderate buy” rating to a “hold” rating in a research note on Thursday, July 31st. Wolfe Research downgraded Equinix from an “outperform” rating to a “peer perform” rating in a research note on Monday, June 9th. Finally, Mizuho lowered their price objective on Equinix from $1,069.00 to $900.00 and set an “outperform” rating for the company in a research note on Tuesday, July 1st. Five analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Equinix has a consensus rating of “Buy” and an average price target of $962.52.

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.