Waverly Advisors LLC Boosts Stock Position in Equinix, Inc. $EQIX

Waverly Advisors LLC lifted its holdings in shares of Equinix, Inc. (NASDAQ:EQIX) by 4.3% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 11,682 shares of the financial services provider’s stock after purchasing an additional 483 shares during the quarter. Waverly Advisors LLC’s holdings in Equinix were worth $12,177,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Elevation Wealth Partners LLC boosted its stake in shares of Equinix by 166.7% in the 2nd quarter. Elevation Wealth Partners LLC now owns 24 shares of the financial services provider’s stock valued at $25,000 after buying an additional 15 shares during the period. Avion Wealth boosted its stake in 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 acquiring an additional 11 shares in the last quarter. Physician Wealth Advisors Inc. grew its position in shares of Equinix by 266.7% during 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 during the last quarter. Trust Co. of Vermont purchased a new position in shares of Equinix during the second quarter worth about $34,000. Finally, Kemnay Advisory Services Inc. acquired a new position in Equinix in the 4th quarter valued at $30,000. 94.94% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have issued reports on EQIX. Stifel Nicolaus increased their price objective on Equinix from $1,250.00 to $1,265.00 and gave the stock a “buy” rating in a research report on Thursday, July 30th. Evercore reaffirmed an “outperform” rating and issued a $1,270.00 target price on shares of Equinix in a research note on Tuesday, August 18th. Zacks Research cut shares of Equinix from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 15th. Scotiabank restated a “sector perform” rating and set a $1,208.00 price objective on shares of Equinix in a report on Thursday, July 30th. Finally, Guggenheim restated a “buy” rating and issued a $1,235.00 target price on shares of Equinix in a report on Wednesday, May 20th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $1,203.60.

Equinix Stock Performance

Shares of NASDAQ:EQIX opened at $1,043.06 on Thursday. The company has a market cap of $102.92 billion, a P/E ratio of 67.16, a PEG ratio of 1.49 and a beta of 0.99. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.13 and a current ratio of 1.13. Equinix, Inc. has a one year low of $720.62 and a one year high of $1,128.68. The business’s 50-day simple moving average is $1,043.48 and its 200 day simple moving average is $1,038.86.

Equinix (NASDAQ:EQIX) last released its quarterly earnings results on Wednesday, July 29th. The financial services provider reported $11.78 earnings per share 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 return on equity of 10.76% and a net margin of 15.64%.Equinix’s quarterly revenue was up 16.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $9.91 EPS. Equinix has set its FY 2026 guidance at 42.690-43.290 EPS. On average, sell-side analysts forecast that Equinix, Inc. will post 38.23 earnings per share for the current fiscal year.

Equinix Dividend Announcement

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

Insiders Place Their Bets

In related news, insider Michael Paladin sold 307 shares of the stock in a transaction dated Friday, September 4th. The stock was sold at an average price of $1,035.01, for a total value of $317,748.07. Following the completion of the transaction, the insider owned 2,450 shares of the company’s stock, valued at approximately $2,535,774.50. This represents a 11.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Christopher B. Paisley sold 4,000 shares of the firm’s stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $1,019.28, for a total value of $4,077,120.00. Following the sale, the director owned 13,859 shares of the company’s stock, valued at approximately $14,126,201.52. This trade represents a 22.40% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 4,770 shares of company stock worth $4,884,197 in the last quarter. 0.27% of the stock is owned by corporate insiders.

Equinix Company Profile

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.