1 North Wealth Services LLC Increases Holdings in Equinix, Inc. $EQIX

1 North Wealth Services LLC grew its holdings in shares of Equinix, Inc. (NASDAQ:EQIX) by 5.1% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 832 shares of the financial services provider’s stock after purchasing an additional 40 shares during the quarter. 1 North Wealth Services LLC’s holdings in Equinix were worth $662,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Activest Wealth Management increased its position in shares of Equinix by 121.4% during the 1st quarter. Activest Wealth Management now owns 31 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 17 shares during the last quarter. GKV Capital Management Co. Inc. bought a new stake in Equinix in the 1st quarter valued at about $30,000. Atticus Wealth Management LLC bought a new stake in Equinix in the 2nd quarter valued at about $29,000. Saudi Central Bank bought a new stake in Equinix in the 1st quarter valued at about $31,000. Finally, Quarry LP bought a new stake in Equinix in the 1st quarter valued at about $31,000. 94.94% of the stock is owned by hedge funds and other institutional investors.

Equinix Stock Performance

NASDAQ:EQIX opened at $787.08 on Wednesday. Equinix, Inc. has a 1-year low of $701.41 and a 1-year high of $994.03. 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 business has a 50 day moving average of $781.62 and a 200 day moving average of $813.44. The company has a market capitalization of $77.02 billion, a price-to-earnings ratio of 77.09, a PEG ratio of 1.41 and a beta of 0.92.

Equinix (NASDAQ:EQIX) last issued its quarterly earnings results on Wednesday, July 30th. The financial services provider reported $9.91 EPS for the quarter, beating analysts’ consensus estimates of $3.49 by $6.42. Equinix had a net margin of 11.11% and a return on equity of 7.22%. The business had revenue of $2.26 billion for the quarter, compared to analysts’ expectations of $2.26 billion. During the same period last year, the business earned $9.22 earnings per share. The business’s quarterly revenue was up 4.5% on a year-over-year basis. Equinix has set its Q3 2025 guidance at EPS. FY 2025 guidance at 37.670-38.480 EPS. On average, sell-side analysts predict that Equinix, Inc. will post 33.1 earnings per share for the current fiscal year.

Equinix Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 17th. Shareholders of record on Wednesday, August 20th were given a dividend of $4.69 per share. This represents a $18.76 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date was Wednesday, August 20th. Equinix’s dividend payout ratio (DPR) is presently 183.74%.

Insider Buying and Selling

In other Equinix news, Director Christopher B. Paisley sold 75 shares of the business’s stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $781.50, for a total value of $58,612.50. Following the completion of the sale, the director owned 17,832 shares in the company, valued at approximately $13,935,708. The trade was a 0.42% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Raouf Abdel sold 404 shares of the business’s stock in a transaction that occurred on Tuesday, September 9th. The shares were sold at an average price of $771.11, for a total value of $311,528.44. Following the completion of the sale, the executive vice president owned 6,378 shares of the company’s stock, valued at $4,918,139.58. The trade was a 5.96% decrease in their position. The disclosure for this sale can be found here. 0.27% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the company. Cowen restated a “buy” rating on shares of Equinix in a research note on Thursday, July 3rd. UBS Group lowered their price objective on Equinix from $1,035.00 to $950.00 and set a “buy” rating on the stock in a research note on Friday, July 11th. Barclays boosted their price objective on Equinix from $798.00 to $804.00 and gave the company an “equal weight” rating in a research note on Wednesday, August 20th. Cfra Research cut Equinix from a “moderate buy” rating to a “hold” rating in a research note on Thursday, July 31st. Finally, Dbs Bank raised Equinix to a “moderate buy” rating in a report on Wednesday, August 6th. Four analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $960.65.

About Equinix

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.