O Shaughnessy Asset Management LLC Sells 534 Shares of Equinix, Inc. $EQIX

O Shaughnessy Asset Management LLC decreased its holdings in shares of Equinix, Inc. (NASDAQ:EQIX) by 5.2% in the 4th quarter, HoldingsChannel.com reports. The fund owned 9,810 shares of the financial services provider’s stock after selling 534 shares during the quarter. O Shaughnessy Asset Management LLC’s holdings in Equinix were worth $7,516,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in EQIX. Brighton Jones LLC raised its position in shares of Equinix by 28.9% during the 4th quarter. Brighton Jones LLC now owns 326 shares of the financial services provider’s stock valued at $307,000 after acquiring an additional 73 shares during the last quarter. Integrated Wealth Concepts LLC raised its position in shares of Equinix by 11.5% during the 1st quarter. Integrated Wealth Concepts LLC now owns 522 shares of the financial services provider’s stock valued at $425,000 after acquiring an additional 54 shares during the last quarter. Empowered Funds LLC raised its position in shares of Equinix by 21.8% during the 1st quarter. Empowered Funds LLC now owns 3,050 shares of the financial services provider’s stock valued at $2,487,000 after acquiring an additional 546 shares during the last quarter. Schnieders Capital Management LLC. bought a new stake in shares of Equinix during the 2nd quarter valued at $231,000. Finally, Brown Advisory Inc. raised its position in shares of Equinix by 2.8% during the 2nd quarter. Brown Advisory Inc. now owns 1,074 shares of the financial services provider’s stock valued at $854,000 after acquiring an additional 29 shares during the last quarter. Institutional investors own 94.94% of the company’s stock.

Insider Buying and Selling at Equinix

In other news, Director Christopher B. Paisley sold 125 shares of the stock in a transaction dated Monday, May 18th. The shares were sold at an average price of $1,060.29, for a total transaction of $132,536.25. Following the completion of the transaction, the director directly owned 17,557 shares in the company, valued at $18,615,511.53. This represents a 0.71% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Raouf Abdel sold 2,040 shares of the firm’s stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $1,083.47, for a total transaction of $2,210,278.80. Following the completion of the sale, the executive vice president owned 5,728 shares of the company’s stock, valued at $6,206,116.16. This trade represents a 26.26% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 11,539 shares of company stock valued at $12,455,054. Corporate insiders own 0.27% of the company’s stock.

Analyst Ratings Changes

Several analysts have commented on the stock. JPMorgan Chase & Co. upped their target price on shares of Equinix from $1,100.00 to $1,200.00 and gave the company an “overweight” rating in a research report on Thursday, April 30th. Jefferies Financial Group upped their target price on shares of Equinix from $950.00 to $1,000.00 and gave the stock a “buy” rating in a research note on Thursday, February 12th. Stifel Nicolaus set a $1,075.00 target price on shares of Equinix in a research note on Thursday, February 12th. Wells Fargo & Company upped their target price on shares of Equinix from $975.00 to $1,200.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 21st. Finally, Morgan Stanley upped their target price on shares of Equinix from $1,075.00 to $1,250.00 and gave the stock an “overweight” rating in a research note on Monday, April 13th. Three analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,143.60.

Equinix Trading Down 2.0%

Equinix stock opened at $1,038.33 on Thursday. The firm has a 50-day moving average of $1,063.77 and a 200-day moving average of $920.63. Equinix, Inc. has a one year low of $710.52 and a one year high of $1,128.68. The company has a debt-to-equity ratio of 1.39, a current ratio of 1.18 and a quick ratio of 1.18. The company has a market cap of $102.40 billion, a price-to-earnings ratio of 71.86, a P/E/G ratio of 1.99 and a beta of 0.99.

Equinix (NASDAQ:EQIX) last posted its quarterly earnings data on Wednesday, April 29th. The financial services provider reported $10.79 EPS for the quarter, topping analysts’ consensus estimates of $4.30 by $6.49. Equinix had a net margin of 15.07% and a return on equity of 10.03%. The company had revenue of $2.44 billion during the quarter, compared to the consensus estimate of $2.52 billion. During the same period in the prior year, the business posted $9.67 EPS. The company’s quarterly revenue was up 9.8% on a year-over-year basis. Equinix has set its FY 2026 guidance at 42.310-43.110 EPS. On average, equities analysts expect that Equinix, Inc. will post 37.72 earnings per share for the current fiscal year.

Equinix Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 17th. Stockholders of record on Wednesday, May 20th will be paid a dividend of $5.16 per share. This represents a $20.64 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date is Wednesday, May 20th. Equinix’s dividend payout ratio is currently 142.84%.

Equinix Company Profile

Equinix, Inc is a global provider of digital infrastructure and interconnection services, specializing in carrier-neutral data centers and colocation. The company operates a platform that enables enterprises, cloud and network service providers, and content companies to colocate IT infrastructure, interconnect directly with partners and providers, and access cloud on-ramps and network services in a secure, low-latency environment.

Equinix’s offerings include traditional colocation space and power, cross-connects and meet-me rooms, and a suite of connectivity and on-demand services designed for hybrid multicloud architectures.