Stock Yards Bank & Trust Co. Boosts Stake in Equinix, Inc. $EQIX

Stock Yards Bank & Trust Co. increased its position in Equinix, Inc. (NASDAQ:EQIX) by 0.9% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 14,846 shares of the financial services provider’s stock after purchasing an additional 138 shares during the period. Stock Yards Bank & Trust Co.’s holdings in Equinix were worth $11,810,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Activest Wealth Management lifted its holdings in shares of Equinix by 121.4% in the 1st quarter. Activest Wealth Management now owns 31 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 17 shares during the last quarter. GKV Capital Management Co. Inc. purchased a new stake in shares of Equinix in the 1st quarter valued at about $30,000. Atticus Wealth Management LLC purchased a new stake in shares of Equinix in the 2nd quarter valued at about $29,000. Saudi Central Bank purchased a new stake in Equinix during the 1st quarter valued at approximately $31,000. Finally, Quarry LP purchased a new stake in Equinix during the 1st quarter valued at approximately $31,000. 94.94% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Christopher B. Paisley sold 75 shares of the company’s stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $781.50, for a total value of $58,612.50. Following the sale, the director owned 17,832 shares in the company, valued at $13,935,708. This represents a 0.42% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Raouf Abdel sold 404 shares of the company’s stock in a transaction that occurred on Tuesday, September 9th. The stock was sold at an average price of $771.11, for a total value of $311,528.44. Following the completion of the sale, the executive vice president owned 6,378 shares in the company, valued at approximately $4,918,139.58. This represents a 5.96% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.27% of the company’s stock.

Equinix Stock Performance

NASDAQ EQIX opened at $778.74 on Friday. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 1.29. The business’s 50 day moving average is $782.18 and its two-hundred day moving average is $814.49. Equinix, Inc. has a 12-month low of $701.41 and a 12-month high of $994.03. The stock has a market capitalization of $76.21 billion, a price-to-earnings ratio of 76.27, a PEG ratio of 1.38 and a beta of 0.92.

Equinix (NASDAQ:EQIX) last released its earnings results on Wednesday, July 30th. The financial services provider reported $9.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.49 by $6.42. The company had revenue of $2.26 billion for the quarter, compared to analysts’ expectations of $2.26 billion. Equinix had a return on equity of 7.22% and a net margin of 11.11%.The firm’s quarterly revenue was up 4.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $9.22 EPS. Equinix has set its Q3 2025 guidance at EPS. FY 2025 guidance at 37.670-38.480 EPS. Research analysts expect that Equinix, Inc. will post 33.1 EPS for the current year.

Equinix Dividend Announcement

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 $4.69 dividend. The ex-dividend date was Wednesday, August 20th. This represents a $18.76 dividend on an annualized basis and a dividend yield of 2.4%. Equinix’s dividend payout ratio is currently 183.74%.

Wall Street Analyst Weigh In

Several research firms have commented on EQIX. BMO Capital Markets downgraded Equinix from an “outperform” rating to a “market perform” rating and reduced their price objective for the company from $1,045.00 to $850.00 in a research note on Thursday, June 26th. Wells Fargo & Company reduced their price objective on Equinix from $1,065.00 to $925.00 and set an “overweight” rating for the company in a research note on Thursday, June 26th. Cfra Research downgraded Equinix from a “moderate buy” rating to a “hold” rating in a research note on Thursday, July 31st. UBS Group reduced their price objective on Equinix from $1,035.00 to $950.00 and set a “buy” rating for the company in a research note on Friday, July 11th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Equinix in a research note on Saturday, September 27th. Four investment 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 MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $960.65.

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.