Franchise Capital Ltd Acquires 75 Shares of Equinix, Inc. $EQIX

Franchise Capital Ltd grew its holdings in shares of Equinix, Inc. (NASDAQ:EQIX) by 52.8% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 217 shares of the financial services provider’s stock after buying an additional 75 shares during the period. Equinix makes up 0.1% of Franchise Capital Ltd’s investment portfolio, making the stock its 14th largest holding. Franchise Capital Ltd’s holdings in Equinix were worth $173,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of EQIX. Brighton Jones LLC grew its position in Equinix by 28.9% in the 4th quarter. Brighton Jones LLC now owns 326 shares of the financial services provider’s stock valued at $307,000 after purchasing an additional 73 shares during the period. Merit Financial Group LLC grew its position in Equinix by 29.7% in the 1st quarter. Merit Financial Group LLC now owns 1,122 shares of the financial services provider’s stock valued at $915,000 after purchasing an additional 257 shares during the period. UMB Bank n.a. grew its position in Equinix by 34.0% in the 1st quarter. UMB Bank n.a. now owns 260 shares of the financial services provider’s stock valued at $212,000 after purchasing an additional 66 shares during the period. Vert Asset Management LLC grew its position in Equinix by 3.2% in the 1st quarter. Vert Asset Management LLC now owns 24,459 shares of the financial services provider’s stock valued at $19,943,000 after purchasing an additional 750 shares during the period. Finally, Courier Capital LLC grew its position in Equinix by 9.3% in the 1st quarter. Courier Capital LLC now owns 2,825 shares of the financial services provider’s stock valued at $2,304,000 after purchasing an additional 240 shares during the period. Institutional investors and hedge funds own 94.94% of the company’s stock.

Insider Buying and Selling at Equinix

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 transaction of $311,528.44. Following the completion of 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 position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, 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 value of $58,612.50. Following the completion of the sale, the director directly owned 17,832 shares of the company’s stock, valued at approximately $13,935,708. This trade represents a 0.42% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.27% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on EQIX. Truist Financial lifted their price target on shares of Equinix from $904.00 to $961.00 and gave the company a “buy” rating in a research report on Thursday, August 7th. Bank of America dropped their price objective on Equinix from $1,000.00 to $950.00 and set a “buy” rating on the stock in a research note on Thursday, June 26th. UBS Group dropped their price objective on Equinix from $1,035.00 to $950.00 and set a “buy” rating on the stock in a research note on Friday, July 11th. Cfra Research cut Equinix from a “moderate buy” rating to a “hold” rating in a research note on Thursday, July 31st. Finally, Barclays raised their price objective on Equinix from $798.00 to $804.00 and gave the company an “equal weight” rating in a research note on Wednesday, August 20th. Four equities research analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $960.65.

Equinix Trading Up 1.4%

Shares of Equinix stock opened at $789.84 on Tuesday. Equinix, Inc. has a 1 year low of $701.41 and a 1 year high of $994.03. The firm has a market cap of $77.29 billion, a PE ratio of 77.36, a P/E/G ratio of 1.39 and a beta of 0.92. The stock has a fifty day moving average price of $782.10 and a 200-day moving average price of $813.63. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.54 and a quick ratio of 1.54.

Equinix (NASDAQ:EQIX) last announced its earnings results on Wednesday, July 30th. The financial services provider reported $9.91 earnings per share (EPS) for the quarter, beating the consensus estimate 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 firm posted $9.22 EPS. The business’s revenue was up 4.5% compared to the same quarter last year. Equinix has set its Q3 2025 guidance at EPS. FY 2025 guidance at 37.670-38.480 EPS. Equities research analysts anticipate that Equinix, Inc. will post 33.1 EPS for the current year.

Equinix Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 17th. Stockholders of record on Wednesday, August 20th were given a dividend of $4.69 per share. The ex-dividend date of this dividend was Wednesday, August 20th. This represents a $18.76 annualized dividend and a dividend yield of 2.4%. Equinix’s dividend payout ratio (DPR) is currently 183.74%.

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.