Janney Montgomery Scott LLC Acquires 1,439 Shares of Equinix, Inc. $EQIX

Janney Montgomery Scott LLC grew its stake in Equinix, Inc. (NASDAQ:EQIX) by 22.1% during the first quarter, HoldingsChannel.com reports. The firm owned 7,955 shares of the financial services provider’s stock after buying an additional 1,439 shares during the period. Janney Montgomery Scott LLC’s holdings in Equinix were worth $7,799,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Ameriflex Group Inc. increased its holdings in Equinix by 433.3% in the third quarter. Ameriflex Group Inc. now owns 32 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 26 shares during the last quarter. Kemnay Advisory Services Inc. bought a new position in Equinix during the 4th quarter worth approximately $30,000. Princeton Global Asset Management LLC increased its stake in Equinix by 200.0% in the fourth quarter. Princeton Global Asset Management LLC now owns 42 shares of the financial services provider’s stock valued at $32,000 after purchasing an additional 28 shares in the last quarter. WPG Advisers LLC raised its holdings in Equinix by 51.7% in the fourth quarter. WPG Advisers LLC now owns 44 shares of the financial services provider’s stock worth $34,000 after purchasing an additional 15 shares during the period. Finally, Activest Wealth Management grew its holdings in shares of Equinix by 81.5% in the 4th quarter. Activest Wealth Management now owns 49 shares of the financial services provider’s stock valued at $38,000 after buying an additional 22 shares during the period. 94.94% of the stock is currently owned by institutional investors.

Equinix Price Performance

Shares of EQIX opened at $1,002.02 on Friday. The company has a market cap of $98.82 billion, a price-to-earnings ratio of 69.34, a PEG ratio of 1.86 and a beta of 0.98. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 1.39. The company’s fifty day simple moving average is $1,073.27 and its 200 day simple moving average is $958.14. Equinix, Inc. has a 1-year low of $720.62 and a 1-year high of $1,128.68.

Equinix (NASDAQ:EQIX) last issued its earnings results on Wednesday, April 29th. The financial services provider reported $10.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.30 by $6.49. The business had revenue of $2.44 billion during the quarter, compared to the consensus estimate of $2.52 billion. Equinix had a net margin of 15.07% and a return on equity of 10.03%. Equinix’s revenue was up 9.8% on a year-over-year basis. During the same period last year, the business posted $9.67 EPS. Equinix has set its FY 2026 guidance at 42.310-43.110 EPS. On average, research analysts forecast that Equinix, Inc. will post 38.26 earnings per share for the current fiscal year.

Equinix Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 17th. Shareholders of record on Wednesday, May 20th were issued a $5.16 dividend. This represents a $20.64 annualized dividend and a dividend yield of 2.1%. The ex-dividend date was Wednesday, May 20th. Equinix’s payout ratio is currently 142.84%.

Insider Activity at Equinix

In related news, EVP Raouf Abdel sold 2,040 shares of the company’s stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $1,083.47, for a total value of $2,210,278.80. Following the transaction, the executive vice president owned 5,728 shares in the company, valued at approximately $6,206,116.16. This represents a 26.26% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Charles J. Meyers sold 5,224 shares of the company’s stock in a transaction that occurred on Wednesday, May 6th. The shares were sold at an average price of $1,085.23, for a total value of $5,669,241.52. Following the completion of the transaction, the chairman directly owned 7,370 shares in the company, valued at $7,998,145.10. The trade was a 41.48% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 11,539 shares of company stock valued at $12,455,054 over the last three months. Company insiders own 0.27% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. Wall Street Zen upgraded Equinix from a “sell” rating to a “hold” rating in a report on Saturday, May 2nd. Morgan Stanley raised their price objective on shares of Equinix from $1,075.00 to $1,250.00 and gave the stock an “overweight” rating in a report on Monday, April 13th. The Goldman Sachs Group lifted their price target on Equinix from $894.00 to $1,015.00 and gave the company a “neutral” rating in a research note on Thursday, April 30th. Wells Fargo & Company lifted their target price on Equinix from $975.00 to $1,200.00 and gave the company an “overweight” rating in a research report on Tuesday, April 21st. Finally, Scotiabank raised their price target on shares of Equinix from $1,050.00 to $1,120.00 and gave the stock a “sector perform” rating in a research note on Thursday, April 30th. Three research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $1,153.38.

About Equinix

Equinix, Inc is a global provider of digital infrastructure and interconnection services, specializing in carrier-neutral data centers and colocation. The company operates a platform that enables enterprises, cloud and network service providers, and content companies to colocate IT infrastructure, interconnect directly with partners and providers, and access cloud on-ramps and network services in a secure, low-latency environment.

Equinix’s offerings include traditional colocation space and power, cross-connects and meet-me rooms, and a suite of connectivity and on-demand services designed for hybrid multicloud architectures.