1 North Wealth Services LLC Acquires 40 Shares of Equinix, Inc. $EQIX

1 North Wealth Services LLC boosted its position in Equinix, Inc. (NASDAQ:EQIX) by 5.1% in the second quarter, Holdings Channel.com reports. The firm owned 832 shares of the financial services provider’s stock after buying an additional 40 shares during the quarter. 1 North Wealth Services LLC’s holdings in Equinix were worth $662,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Truist Financial Corp raised its holdings in Equinix by 8.2% in the first quarter. Truist Financial Corp now owns 52,301 shares of the financial services provider’s stock worth $42,643,000 after purchasing an additional 3,981 shares in the last quarter. Elliott Investment Management L.P. purchased a new stake in shares of Equinix in the first quarter worth $122,302,000. Nisa Investment Advisors LLC grew its stake in shares of Equinix by 71.7% in the first quarter. Nisa Investment Advisors LLC now owns 74,434 shares of the financial services provider’s stock worth $60,690,000 after acquiring an additional 31,073 shares during the last quarter. First United Bank & Trust purchased a new stake in shares of Equinix in the first quarter worth $451,000. Finally, Gradient Investments LLC grew its stake in shares of Equinix by 19.4% in the second quarter. Gradient Investments LLC now owns 24,684 shares of the financial services provider’s stock worth $19,635,000 after acquiring an additional 4,015 shares during the last quarter. Institutional investors own 94.94% of the company’s stock.

Equinix Trading Down 0.3%

Shares of NASDAQ:EQIX opened at $787.08 on Wednesday. The stock has a market capitalization of $77.02 billion, a price-to-earnings ratio of 77.09, a PEG ratio of 1.41 and a beta of 0.92. The company has a debt-to-equity ratio of 1.29, a quick ratio of 1.54 and a current ratio of 1.54. The stock’s 50-day simple moving average is $781.62 and its two-hundred day simple moving average is $813.44. Equinix, Inc. has a 52-week low of $701.41 and a 52-week high of $994.03.

Equinix (NASDAQ:EQIX) last announced 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 business 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 business’s revenue for the quarter was up 4.5% on a year-over-year basis. During the same period last year, the firm posted $9.22 earnings per share. Equinix has set its Q3 2025 guidance at EPS. FY 2025 guidance at 37.670-38.480 EPS. Analysts expect that Equinix, Inc. will post 33.1 EPS for the current year.

Equinix Dividend Announcement

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

Insider Activity

In other news, Director Christopher B. Paisley sold 75 shares of the firm’s stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $781.50, for a total value of $58,612.50. Following the transaction, the director owned 17,832 shares of the company’s stock, valued at $13,935,708. This trade represents a 0.42% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Raouf Abdel sold 404 shares of the firm’s stock in a transaction dated 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 transaction, the executive vice president directly owned 6,378 shares in the company, valued at $4,918,139.58. This trade represents a 5.96% decrease in their position. The disclosure for this sale can be found here. 0.27% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. Wall Street Zen raised Equinix from a “sell” rating to a “hold” rating in a research note on Friday, October 3rd. Dbs Bank raised Equinix to a “moderate buy” rating in a research note on Wednesday, August 6th. Weiss Ratings reissued a “hold (c)” rating on shares of Equinix in a research note on Saturday, September 27th. JMP Securities reaffirmed a “market outperform” rating and set a $1,200.00 price objective on shares of Equinix in a research report on Tuesday, July 22nd. Finally, Guggenheim began coverage on Equinix in a research report on Thursday, July 10th. They set a “buy” rating and a $933.00 price objective on the stock. Four investment analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $960.65.

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.