Waverly Advisors LLC Purchases 483 Shares of Equinix, Inc. $EQIX

Waverly Advisors LLC increased its holdings in shares of Equinix, Inc. (NASDAQ:EQIX) by 4.3% in the second quarter, according to its most recent filing with the SEC. The fund owned 11,682 shares of the financial services provider’s stock after acquiring an additional 483 shares during the period. Waverly Advisors LLC’s holdings in Equinix were worth $12,177,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the stock. Avion Wealth boosted its holdings in shares of Equinix by 73.3% in the first quarter. Avion Wealth now owns 26 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 11 shares during the period. Elevation Wealth Partners LLC lifted its position in Equinix by 166.7% during the second quarter. Elevation Wealth Partners LLC now owns 24 shares of the financial services provider’s stock valued at $25,000 after acquiring an additional 15 shares during the last quarter. Kemnay Advisory Services Inc. acquired a new stake in shares of Equinix in the 4th quarter worth $30,000. Physician Wealth Advisors Inc. boosted its holdings in Equinix by 266.7% in the first quarter. Physician Wealth Advisors Inc. now owns 33 shares of the financial services provider’s stock worth $32,000 after acquiring an additional 24 shares in the last quarter. Finally, Trust Co. of Vermont acquired a new stake in Equinix in the 2nd quarter worth approximately $34,000. 94.94% of the stock is owned by hedge funds and other institutional investors.

Equinix Price Performance

NASDAQ:EQIX opened at $1,043.06 on Thursday. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.44. Equinix, Inc. has a 12 month low of $720.62 and a 12 month high of $1,128.68. The firm has a market cap of $102.92 billion, a P/E ratio of 67.16, a price-to-earnings-growth ratio of 1.49 and a beta of 0.99. The stock has a 50 day moving average of $1,043.48 and a two-hundred day moving average of $1,038.86.

Equinix (NASDAQ:EQIX) last released its quarterly earnings data on Wednesday, July 29th. The financial services provider reported $11.78 EPS for the quarter, beating analysts’ consensus estimates of $4.73 by $7.05. The company had revenue of $2.62 billion during the quarter, compared to the consensus estimate of $2.59 billion. Equinix had a net margin of 15.64% and a return on equity of 10.76%. Equinix’s quarterly revenue was up 16.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $9.91 EPS. Equinix has set its FY 2026 guidance at 42.690-43.290 EPS. On average, analysts expect that Equinix, Inc. will post 38.23 earnings per share for the current fiscal year.

Equinix Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 16th. Stockholders of record on Wednesday, August 19th will be issued a dividend of $5.16 per share. The ex-dividend date is Wednesday, August 19th. This represents a $20.64 dividend on an annualized basis and a dividend yield of 2.0%. Equinix’s dividend payout ratio is currently 132.90%.

Insider Transactions at Equinix

In related news, insider Michael Paladin sold 307 shares of the firm’s stock in a transaction dated Friday, September 4th. The stock was sold at an average price of $1,035.01, for a total transaction of $317,748.07. Following the completion of the sale, the insider directly owned 2,450 shares of the company’s stock, valued at approximately $2,535,774.50. This trade represents a 11.14% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Christopher Paisley sold 4,000 shares of the business’s stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $1,019.28, for a total transaction of $4,077,120.00. Following the completion of the sale, the director owned 13,859 shares in the company, valued at approximately $14,126,201.52. This trade represents a 22.40% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 4,770 shares of company stock worth $4,884,197. 0.27% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on EQIX. Royal Bank Of Canada upped their target price on Equinix from $1,125.00 to $1,225.00 and gave the company an “outperform” rating in a research report on Wednesday, August 5th. TD Cowen upped their price objective on Equinix from $1,143.00 to $1,166.00 and gave the stock a “buy” rating in a research report on Thursday, July 30th. Zacks Research cut shares of Equinix from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 15th. UBS Group lifted their target price on shares of Equinix from $1,210.00 to $1,265.00 and gave the company a “buy” rating in a report on Thursday, July 30th. Finally, Scotiabank reiterated a “sector perform” rating and issued a $1,208.00 target price on shares of Equinix in a research note on Thursday, July 30th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $1,203.60.

About Equinix

Equinix, Inc is a global digital infrastructure company that operates data centers and provides interconnection and cloud connectivity services. Its facilities, known as International Business Exchange (IBX) data centers, enable businesses, cloud providers, network operators, financial institutions and other organizations to securely house technology infrastructure and exchange data.

The company’s Platform Equinix services include colocation, private and public cloud connectivity, network interconnection, managed infrastructure and digital services.