Stephens Inc. AR Sells 15 Shares of Equinix, Inc. $EQIX

Stephens Inc. AR lessened its position in shares of Equinix, Inc. (NASDAQ:EQIX) by 0.8% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,862 shares of the financial services provider’s stock after selling 15 shares during the period. Stephens Inc. AR’s holdings in Equinix were worth $1,481,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of EQIX. Brighton Jones LLC raised its stake in Equinix by 28.9% during the fourth quarter. Brighton Jones LLC now owns 326 shares of the financial services provider’s stock worth $307,000 after buying an additional 73 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its holdings in Equinix by 7.8% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 4,557 shares of the financial services provider’s stock worth $3,715,000 after purchasing an additional 329 shares during the period. Cambridge Investment Research Advisors Inc. grew its holdings in Equinix by 4.7% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 5,599 shares of the financial services provider’s stock worth $4,565,000 after purchasing an additional 249 shares during the period. Moran Wealth Management LLC grew its holdings in Equinix by 13.7% in the first quarter. Moran Wealth Management LLC now owns 265 shares of the financial services provider’s stock worth $216,000 after purchasing an additional 32 shares during the period. Finally, Golden State Wealth Management LLC grew its holdings in Equinix by 7,450.0% in the first quarter. Golden State Wealth Management LLC now owns 151 shares of the financial services provider’s stock worth $123,000 after purchasing an additional 149 shares during the period. Institutional investors own 94.94% of the company’s stock.

Insider Activity

In related news, Director Christopher B. Paisley sold 75 shares of the business’s stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $781.50, for a total transaction of $58,612.50. Following the transaction, the director directly owned 17,832 shares in the company, valued at approximately $13,935,708. The trade was a 0.42% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Raouf Abdel sold 404 shares of the business’s stock in a transaction dated Tuesday, September 9th. The stock was sold at an average price of $771.11, for a total transaction of $311,528.44. Following the transaction, the executive vice president owned 6,378 shares in the company, valued at approximately $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 currently owned by insiders.

Analyst Ratings Changes

A number of research firms have commented on EQIX. Dbs Bank upgraded shares of Equinix to a “moderate buy” rating in a report on Wednesday, August 6th. BMO Capital Markets cut shares of Equinix from an “outperform” rating to a “market perform” rating and reduced their price target for the stock from $1,045.00 to $850.00 in a report on Thursday, June 26th. Mizuho reduced their price target on shares of Equinix from $1,069.00 to $900.00 and set an “outperform” rating for the company in a report on Tuesday, July 1st. Truist Financial raised their price target on shares of Equinix from $904.00 to $961.00 and gave the stock a “buy” rating in a report on Thursday, August 7th. Finally, UBS Group reduced their price target on shares of Equinix from $1,035.00 to $950.00 and set a “buy” rating for the company in a report on Friday, July 11th. Five analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $957.38.

Equinix Stock Up 0.3%

Shares of NASDAQ EQIX opened at $831.93 on Friday. The stock has a market capitalization of $81.41 billion, a P/E ratio of 81.48, a P/E/G ratio of 1.43 and a beta of 0.92. The company has a 50-day moving average price of $790.22 and a 200-day moving average price of $813.77. Equinix, Inc. has a 1 year low of $701.41 and a 1 year high of $994.03. 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 issued its quarterly earnings data on Wednesday, July 30th. The financial services provider reported $9.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.49 by $6.42. The firm had revenue of $2.26 billion during the quarter, compared to analysts’ expectations of $2.26 billion. Equinix had a net margin of 11.11% and a return on equity of 7.22%. The business’s revenue was up 4.5% on a year-over-year basis. During the same period last year, the company earned $9.22 earnings per share. Equinix has set its Q3 2025 guidance at EPS. FY 2025 guidance at 37.670-38.480 EPS. On average, equities research analysts forecast that Equinix, Inc. will post 33.1 EPS for the current fiscal year.

Equinix Announces Dividend

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

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.