Nicholas Company Inc. raised its stake in Equinix Inc (NASDAQ:EQIX) by 15.7% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 14,835 shares of the financial services provider’s stock after buying an additional 2,010 shares during the quarter. Nicholas Company Inc.’s holdings in Equinix were worth $5,230,000 at the end of the most recent quarter.
A number of other large investors also recently modified their holdings of EQIX. Farmers & Merchants Investments Inc. grew its holdings in Equinix by 174.2% in the 4th quarter. Farmers & Merchants Investments Inc. now owns 85 shares of the financial services provider’s stock valued at $30,000 after buying an additional 54 shares in the last quarter. Pearl River Capital LLC purchased a new stake in Equinix in the 4th quarter valued at $35,000. Rehmann Capital Advisory Group grew its holdings in Equinix by 158.8% in the 3rd quarter. Rehmann Capital Advisory Group now owns 88 shares of the financial services provider’s stock valued at $38,000 after buying an additional 54 shares in the last quarter. Proficio Capital Partners LLC grew its holdings in Equinix by 116.7% in the 4th quarter. Proficio Capital Partners LLC now owns 117 shares of the financial services provider’s stock valued at $41,000 after buying an additional 63 shares in the last quarter. Finally, Lindbrook Capital LLC purchased a new stake in Equinix in the 4th quarter valued at $47,000. Institutional investors own 98.41% of the company’s stock.
In other news, insider Simon Miller sold 378 shares of the stock in a transaction on Monday, March 4th. The stock was sold at an average price of $426.92, for a total transaction of $161,375.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Charles J. Meyers sold 5,648 shares of the stock in a transaction on Wednesday, January 16th. The stock was sold at an average price of $380.97, for a total value of $2,151,718.56. Following the transaction, the chief executive officer now owns 5,750 shares of the company’s stock, valued at $2,190,577.50. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 27,513 shares of company stock valued at $11,262,623. Company insiders own 0.51% of the company’s stock.
Equinix (NASDAQ:EQIX) last released its quarterly earnings results on Wednesday, February 13th. The financial services provider reported $1.36 earnings per share for the quarter, missing analysts’ consensus estimates of $4.46 by ($3.10). The business had revenue of $1.31 billion for the quarter, compared to analysts’ expectations of $1.31 billion. Equinix had a return on equity of 6.88% and a net margin of 7.20%. The business’s revenue for the quarter was up 9.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.82 earnings per share. As a group, equities analysts expect that Equinix Inc will post 20.89 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 20th. Stockholders of record on Wednesday, February 27th will be issued a dividend of $2.46 per share. The ex-dividend date is Tuesday, February 26th. This is a boost from Equinix’s previous quarterly dividend of $2.28. This represents a $9.84 dividend on an annualized basis and a dividend yield of 2.23%. Equinix’s dividend payout ratio is currently 47.56%.
Several analysts have issued reports on EQIX shares. Jefferies Financial Group upgraded Equinix from a “hold” rating to a “buy” rating and upped their target price for the company from $454.00 to $479.00 in a report on Monday, December 10th. BidaskClub upgraded Equinix from a “hold” rating to a “buy” rating in a report on Tuesday, December 18th. Zacks Investment Research cut Equinix from a “hold” rating to a “sell” rating in a report on Monday, January 7th. Berenberg Bank started coverage on Equinix in a report on Tuesday, January 8th. They issued a “buy” rating and a $477.00 target price for the company. Finally, Credit Suisse Group upped their target price on Equinix from $467.00 to $474.00 and gave the company an “outperform” rating in a report on Thursday, February 14th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $496.08.
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Equinix, Inc (Nasdaq: EQIX) connects the world's leading businesses to their customers, employees and partners inside the most-interconnected data centers. In 52 markets across five continents, Equinix is where companies come together to realize new opportunities and accelerate their business, IT and cloud strategies.
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