Jefferies Financial Group Inc. Reduces Position in Equinix, Inc. (NASDAQ:EQIX)

Jefferies Financial Group Inc. cut its position in Equinix, Inc. (NASDAQ:EQIX) by 9.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,046 shares of the financial services provider’s stock after selling 554 shares during the period. Jefferies Financial Group Inc.’s holdings in Equinix were worth $4,758,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of the company. Rothschild Investment LLC increased its position in shares of Equinix by 1.9% in the 4th quarter. Rothschild Investment LLC now owns 576 shares of the financial services provider’s stock valued at $543,000 after purchasing an additional 11 shares during the last quarter. Legacy Financial Advisors Inc. grew its position in shares of Equinix by 3.2% in the 4th quarter. Legacy Financial Advisors Inc. now owns 360 shares of the financial services provider’s stock valued at $340,000 after buying an additional 11 shares during the last quarter. Ritholtz Wealth Management grew its position in shares of Equinix by 1.8% in the 4th quarter. Ritholtz Wealth Management now owns 671 shares of the financial services provider’s stock valued at $633,000 after buying an additional 12 shares during the last quarter. Great Lakes Retirement Inc. grew its position in shares of Equinix by 1.2% in the 4th quarter. Great Lakes Retirement Inc. now owns 975 shares of the financial services provider’s stock valued at $920,000 after buying an additional 12 shares during the last quarter. Finally, Lake Street Advisors Group LLC grew its position in shares of Equinix by 1.6% in the 4th quarter. Lake Street Advisors Group LLC now owns 756 shares of the financial services provider’s stock valued at $713,000 after buying an additional 12 shares during the last quarter. 94.94% of the stock is owned by hedge funds and other institutional investors.

Equinix Stock Up 0.7%

EQIX stock opened at $870.47 on Tuesday. Equinix, Inc. has a one year low of $701.41 and a one year high of $994.03. The stock has a market capitalization of $85.15 billion, a PE ratio of 101.81, a price-to-earnings-growth ratio of 1.78 and a beta of 0.97. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.63 and a current ratio of 1.63. The company has a fifty day moving average of $824.00 and a 200-day moving average of $893.79.

Equinix (NASDAQ:EQIX) last released its earnings results on Wednesday, April 30th. The financial services provider reported $9.67 EPS for the quarter, topping the consensus estimate of $9.01 by $0.66. Equinix had a net margin of 9.32% and a return on equity of 6.31%. The company had revenue of $2.23 billion during the quarter, compared to analysts’ expectations of $2.23 billion. During the same quarter last year, the business earned $8.86 EPS. The business’s revenue was up 4.1% on a year-over-year basis. As a group, analysts expect that Equinix, Inc. will post 33.1 EPS for the current year.

Equinix Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Wednesday, May 21st will be paid a $4.69 dividend. This represents a $18.76 annualized dividend and a dividend yield of 2.16%. The ex-dividend date of this dividend is Wednesday, May 21st. Equinix’s dividend payout ratio (DPR) is presently 195.01%.

Insider Transactions at Equinix

In related news, insider Kurt Pletcher sold 127 shares of the firm’s stock in a transaction dated Wednesday, May 7th. The shares were sold at an average price of $877.70, for a total value of $111,467.90. Following the completion of the sale, the insider now owns 1,842 shares in the company, valued at $1,616,723.40. This trade represents a 6.45% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Christopher B. Paisley sold 125 shares of the firm’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $912.21, for a total transaction of $114,026.25. Following the completion of the sale, the director now owns 17,669 shares of the company’s stock, valued at $16,117,838.49. This trade represents a 0.70% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 7,167 shares of company stock worth $6,658,536. Company insiders own 0.27% of the company’s stock.

Wall Street Analyst Weigh In

EQIX has been the topic of a number of recent analyst reports. Oppenheimer increased their target price on shares of Equinix from $950.00 to $975.00 and gave the company an “outperform” rating in a research report on Thursday, February 13th. Moffett Nathanson raised shares of Equinix from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, February 5th. Citigroup increased their target price on shares of Equinix from $970.00 to $990.00 and gave the company a “buy” rating in a research report on Monday, May 5th. New Street Research raised shares of Equinix to a “strong-buy” rating in a research report on Monday, April 28th. Finally, Cowen reaffirmed a “buy” rating on shares of Equinix in a research report on Thursday, May 1st. Two analysts have rated the stock with a hold rating, nineteen have given a buy rating and six have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $1,004.89.

About Equinix

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.