Groupama Asset Managment Raises Position in Equinix, Inc. $EQIX

Groupama Asset Managment increased its holdings in Equinix, Inc. (NASDAQ:EQIX) by 11.1% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 45,238 shares of the financial services provider’s stock after buying an additional 4,510 shares during the period. Groupama Asset Managment’s holdings in Equinix were worth $36,326,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Pinney & Scofield Inc. purchased a new stake in shares of Equinix in the fourth quarter worth $28,000. GKV Capital Management Co. Inc. bought a new position in Equinix in the first quarter valued at $30,000. Pacific Center for Financial Services increased its stake in Equinix by 65.2% in the fourth quarter. Pacific Center for Financial Services now owns 38 shares of the financial services provider’s stock valued at $36,000 after acquiring an additional 15 shares during the last quarter. Whipplewood Advisors LLC increased its stake in Equinix by 127.8% in the first quarter. Whipplewood Advisors LLC now owns 41 shares of the financial services provider’s stock valued at $33,000 after acquiring an additional 23 shares during the last quarter. Finally, Cornerstone Planning Group LLC increased its stake in Equinix by 40.0% in the first quarter. Cornerstone Planning Group LLC now owns 42 shares of the financial services provider’s stock valued at $34,000 after acquiring an additional 12 shares during the last quarter. Hedge funds and other institutional investors own 94.94% of the company’s stock.

Equinix Stock Performance

Equinix stock opened at $769.65 on Tuesday. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 1.29. Equinix, Inc. has a 1-year low of $701.41 and a 1-year high of $994.03. The firm has a 50-day moving average of $805.88 and a 200-day moving average of $842.00. The firm has a market cap of $75.32 billion, a P/E ratio of 75.38, a P/E/G ratio of 1.41 and a beta of 0.90.

Equinix (NASDAQ:EQIX) last issued its quarterly earnings data on Wednesday, July 30th. The financial services provider reported $9.91 EPS for the quarter, topping the consensus estimate of $3.49 by $6.42. Equinix had a net margin of 11.11% and a return on equity of 7.22%. The business had revenue of $2.26 billion during the quarter, compared to analyst estimates of $2.26 billion. During the same period last year, the business posted $9.22 earnings per share. Equinix’s quarterly revenue was up 4.5% compared to the same quarter last year. Sell-side analysts expect that Equinix, Inc. will post 33.1 EPS for the current year.

Equinix Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 17th. Shareholders of record on Wednesday, August 20th will be issued a $4.69 dividend. The ex-dividend date is Wednesday, August 20th. This represents a $18.76 annualized dividend and a yield of 2.4%. Equinix’s dividend payout ratio (DPR) is 183.74%.

Insider Buying and Selling

In other Equinix news, CEO Adaire Fox-Martin sold 2,949 shares of the firm’s stock in a transaction dated Tuesday, June 3rd. The shares were sold at an average price of $884.91, for a total value of $2,609,599.59. Following the completion of the sale, the chief executive officer directly owned 9,615 shares in the company, valued at $8,508,409.65. This trade represents a 23.47% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 0.27% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on EQIX. Stifel Nicolaus reduced their target price on Equinix from $1,050.00 to $1,010.00 and set a “buy” rating on the stock in a research note on Thursday, June 26th. Guggenheim began coverage on Equinix in a research note on Thursday, July 10th. They issued a “buy” rating and a $933.00 target price on the stock. Wall Street Zen cut Equinix from a “hold” rating to a “sell” rating in a research note on Saturday. Wells Fargo & Company reduced their target price on Equinix from $1,065.00 to $925.00 and set an “overweight” rating on the stock in a research note on Thursday, June 26th. Finally, Mizuho reduced their target price on Equinix from $1,069.00 to $900.00 and set an “outperform” rating on the stock in a research note on Tuesday, July 1st. One analyst has rated the stock with a sell rating, five have issued a hold rating, nineteen have issued a buy rating and five have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $962.24.

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.