Stiles Financial Services Inc Raises Stock Position in Equinix, Inc. $EQIX

Stiles Financial Services Inc lifted its position in Equinix, Inc. (NASDAQ:EQIX) by 5.2% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 510 shares of the financial services provider’s stock after buying an additional 25 shares during the period. Stiles Financial Services Inc’s holdings in Equinix were worth $405,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of EQIX. Brighton Jones LLC grew its position in shares of Equinix by 28.9% in the 4th quarter. Brighton Jones LLC now owns 326 shares of the financial services provider’s stock worth $307,000 after buying an additional 73 shares during the last quarter. UMB Bank n.a. grew its position in Equinix by 34.0% during the 1st quarter. UMB Bank n.a. now owns 260 shares of the financial services provider’s stock worth $212,000 after purchasing an additional 66 shares during the last quarter. Farther Finance Advisors LLC grew its position in Equinix by 5.5% during the 1st quarter. Farther Finance Advisors LLC now owns 767 shares of the financial services provider’s stock worth $626,000 after purchasing an additional 40 shares during the last quarter. Harbor Capital Advisors Inc. grew its position in Equinix by 19.7% during the 1st quarter. Harbor Capital Advisors Inc. now owns 2,251 shares of the financial services provider’s stock worth $1,835,000 after purchasing an additional 371 shares during the last quarter. Finally, Assenagon Asset Management S.A. grew its position in Equinix by 15.1% during the 1st quarter. Assenagon Asset Management S.A. now owns 3,867 shares of the financial services provider’s stock worth $3,153,000 after purchasing an additional 507 shares during the last quarter. Hedge funds and other institutional investors own 94.94% of the company’s stock.

Equinix Stock Performance

Shares of NASDAQ EQIX opened at $808.33 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. Equinix, Inc. has a 12 month low of $701.41 and a 12 month high of $994.03. The company has a 50 day simple moving average of $782.22 and a two-hundred day simple moving average of $813.07. The stock has a market cap of $79.10 billion, a price-to-earnings ratio of 79.17, a PEG ratio of 1.43 and a beta of 0.92.

Equinix (NASDAQ:EQIX) last posted its earnings results on Wednesday, July 30th. The financial services provider reported $9.91 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $2.26 billion during the quarter, compared to analysts’ expectations of $2.26 billion. During the same period in the previous year, the business posted $9.22 EPS. The business’s revenue was up 4.5% compared to the same quarter last year. Equinix has set its Q3 2025 guidance at EPS. FY 2025 guidance at 37.670-38.480 EPS. As a group, analysts predict that Equinix, Inc. will post 33.1 earnings per share for the current year.

Equinix Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 17th. Investors of record on Wednesday, August 20th were paid a $4.69 dividend. This represents a $18.76 annualized dividend and a dividend yield of 2.3%. The ex-dividend date was Wednesday, August 20th. Equinix’s payout ratio is currently 183.74%.

Wall Street Analyst Weigh In

Several analysts have weighed in on EQIX shares. Cowen reissued a “buy” rating on shares of Equinix in a research report on Thursday, July 3rd. Wells Fargo & Company dropped their target price on shares of Equinix from $1,065.00 to $925.00 and set an “overweight” rating on the stock in a research report on Thursday, June 26th. Barclays boosted their target price on shares of Equinix from $798.00 to $804.00 and gave the stock an “equal weight” rating in a research report on Wednesday, August 20th. The Goldman Sachs Group decreased their price objective on shares of Equinix from $1,020.00 to $880.00 and set a “buy” rating for the company in a research note on Wednesday, July 2nd. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Equinix from $935.00 to $940.00 and gave the company an “overweight” rating in a research note on Thursday, July 31st. 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 stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $960.65.

Insider Buying and Selling at Equinix

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

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.