Equinix, Inc. $EQIX Shares Acquired by Yousif Capital Management LLC

Yousif Capital Management LLC boosted its stake in shares of Equinix, Inc. (NASDAQ:EQIX) by 4.6% in the 3rd quarter, Holdings Channel.com reports. The firm owned 13,587 shares of the financial services provider’s stock after buying an additional 598 shares during the quarter. Yousif Capital Management LLC’s holdings in Equinix were worth $13,745,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently bought and sold shares of the stock. MBL Wealth LLC bought a new stake in shares of Equinix in the third quarter valued at about $396,000. Marion Wealth Management grew its position in Equinix by 2.0% during the third quarter. Marion Wealth Management now owns 1,380 shares of the financial services provider’s stock worth $1,396,000 after buying an additional 27 shares in the last quarter. Sage Private Wealth Group LLC acquired a new stake in Equinix during the third quarter worth about $267,000. Arvest Investments Inc. increased its stake in Equinix by 4.7% during the third quarter. Arvest Investments Inc. now owns 1,413 shares of the financial services provider’s stock valued at $1,430,000 after acquiring an additional 63 shares during the period. Finally, Axecap Investments LLC bought a new position in Equinix during the third quarter valued at about $2,238,000. 94.94% of the stock is owned by institutional investors.

Equinix Price Performance

NASDAQ EQIX traded up $2.41 on Friday, reaching $955.03. The company’s stock had a trading volume of 605,639 shares, compared to its average volume of 513,465. Equinix, Inc. has a 52 week low of $720.62 and a 52 week high of $1,128.68. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.44. The firm has a market cap of $94.23 billion, a PE ratio of 61.50, a price-to-earnings-growth ratio of 1.36 and a beta of 0.98. The business has a 50-day moving average price of $1,029.34 and a 200 day moving average price of $1,048.97.

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

Equinix Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 16th. Stockholders of record on Wednesday, August 19th were issued a $5.16 dividend. The ex-dividend date of this dividend was Wednesday, August 19th. This represents a $20.64 dividend on an annualized basis and a dividend yield of 2.2%. Equinix’s dividend payout ratio is presently 132.90%.

Insider Transactions at Equinix

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

Analysts Set New Price Targets

Several research firms have commented on EQIX. Royal Bank Of Canada upped their price target on Equinix from $1,125.00 to $1,225.00 and gave the company an “outperform” rating in a report on Wednesday, August 5th. TD Cowen lifted their price objective on Equinix from $1,143.00 to $1,166.00 and gave the stock a “buy” rating in a report on Thursday, July 30th. Evercore restated an “outperform” rating and set a $1,270.00 price objective (up from $1,240.00) on shares of Equinix in a research report on Tuesday, August 18th. Rothschild & Co Redburn started coverage on Equinix in a research note on Monday, September 21st. They issued a “buy” rating and a $1,261.00 target price for the company. Finally, Citigroup reaffirmed a “market outperform” rating on shares of Equinix in a research report on Tuesday, August 4th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $1,215.68.

About Equinix

Equinix, Inc is a global digital infrastructure company that operates data centers where businesses, cloud providers, telecommunications carriers and other organizations can securely house and connect their information technology systems. Its International Business Exchange (IBX) data centers provide colocation services, allowing customers to place equipment in highly connected facilities without building and operating their own sites.

The company also provides interconnection and networking services, including Equinix Fabric, which enables customers to establish virtual connections among data centers, cloud platforms, networks and business partners.