Souders Financial Advisors Trims Stock Holdings in Equinix, Inc. $EQIX

Souders Financial Advisors trimmed its position in Equinix, Inc. (NASDAQ:EQIX) by 34.2% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 940 shares of the financial services provider’s stock after selling 488 shares during the period. Souders Financial Advisors’ holdings in Equinix were worth $748,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in EQIX. Valeo Financial Advisors LLC lifted its stake in Equinix by 298,148.6% in the second quarter. Valeo Financial Advisors LLC now owns 8,157,100 shares of the financial services provider’s stock worth $6,488,728,000 after purchasing an additional 8,154,365 shares during the last quarter. Nuveen LLC purchased a new position in shares of Equinix during the first quarter valued at about $662,663,000. JPMorgan Chase & Co. increased its position in shares of Equinix by 22.5% during the first quarter. JPMorgan Chase & Co. now owns 1,590,568 shares of the financial services provider’s stock valued at $1,296,871,000 after buying an additional 291,753 shares during the period. National Bank of Canada FI grew its holdings in Equinix by 169.7% in the first quarter. National Bank of Canada FI now owns 394,223 shares of the financial services provider’s stock worth $321,427,000 after purchasing an additional 248,075 shares during the period. Finally, Vanguard Group Inc. grew its holdings in Equinix by 1.9% in the first quarter. Vanguard Group Inc. now owns 12,906,820 shares of the financial services provider’s stock worth $10,523,576,000 after purchasing an additional 242,121 shares during the period. 94.94% of the stock is owned by institutional investors.

Insider Activity at Equinix

In related news, Director Christopher B. Paisley sold 75 shares of the firm’s stock in a transaction that occurred 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 sale, 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Brandi Galvin Morandi sold 100 shares of the stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $840.47, for a total transaction of $84,047.00. Following the completion of the transaction, the insider directly owned 8,277 shares in the company, valued at $6,956,570.19. This trade represents a 1.19% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 579 shares of company stock valued at $454,188 over the last 90 days. 0.27% of the stock is owned by corporate insiders.

Equinix Trading Down 0.9%

Shares of EQIX stock opened at $822.12 on Thursday. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.54 and a quick ratio of 1.54. The firm has a market cap of $80.72 billion, a PE ratio of 75.29, a price-to-earnings-growth ratio of 1.38 and a beta of 0.92. The company has a 50-day moving average of $799.14 and a two-hundred day moving average of $817.51. Equinix, Inc. has a 1-year low of $701.41 and a 1-year high of $994.03.

Equinix (NASDAQ:EQIX) last issued its quarterly earnings results on Wednesday, October 29th. The financial services provider reported $9.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $9.27 by $0.56. The business had revenue of $2.32 billion for the quarter, compared to analysts’ expectations of $2.33 billion. Equinix had a net margin of 11.82% and a return on equity of 7.74%. The business’s quarterly revenue was up 5.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $9.05 earnings per share. Equinix has set its Q4 2025 guidance at EPS. FY 2025 guidance at 37.950-38.77 EPS. On average, analysts predict that Equinix, Inc. will post 33.1 EPS for the current year.

Equinix Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 17th. Investors of record on Wednesday, November 19th will be issued a $4.69 dividend. The ex-dividend date of this dividend is Wednesday, November 19th. This represents a $18.76 annualized dividend and a yield of 2.3%. Equinix’s dividend payout ratio (DPR) is 171.79%.

Wall Street Analyst Weigh In

EQIX has been the topic of a number of research analyst reports. Guggenheim started coverage on shares of Equinix in a research report on Thursday, July 10th. They set a “buy” rating and a $933.00 price objective on the stock. Dbs Bank raised shares of Equinix to a “moderate buy” rating in a research note on Wednesday, August 6th. UBS Group dropped their price target on shares of Equinix from $1,035.00 to $950.00 and set a “buy” rating for the company in a research note on Friday, July 11th. Morgan Stanley began coverage on shares of Equinix in a research report on Thursday, October 16th. They issued an “overweight” rating and a $950.00 price objective on the stock. Finally, JPMorgan Chase & Co. increased their price objective on shares of Equinix from $940.00 to $950.00 and gave the stock an “overweight” rating in a research report on Thursday, October 30th. Five analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, Equinix currently has an average rating of “Buy” and an average target price of $960.76.

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.