Blair William & Co. IL Trims Stake in Equinix, Inc. (NASDAQ:EQIX)

Blair William & Co. IL cut its holdings in shares of Equinix, Inc. (NASDAQ:EQIX) by 8.4% in the fourth quarter, HoldingsChannel.com reports. The firm owned 24,715 shares of the financial services provider’s stock after selling 2,277 shares during the quarter. Blair William & Co. IL’s holdings in Equinix were worth $23,304,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Kestra Investment Management LLC purchased a new position in Equinix during the fourth quarter worth about $31,000. J.Safra Asset Management Corp purchased a new position in shares of Equinix during the 4th quarter worth approximately $39,000. Sierra Ocean LLC acquired a new stake in Equinix in the 4th quarter valued at approximately $42,000. Dunhill Financial LLC raised its position in Equinix by 108.7% in the third quarter. Dunhill Financial LLC now owns 48 shares of the financial services provider’s stock valued at $43,000 after purchasing an additional 25 shares during the period. Finally, Thompson Investment Management Inc. acquired a new position in Equinix during the fourth quarter worth $47,000. 94.94% of the stock is owned by institutional investors and hedge funds.

Equinix Stock Performance

Shares of Equinix stock opened at $825.31 on Friday. The company has a quick ratio of 1.63, a current ratio of 1.63 and a debt-to-equity ratio of 1.19. Equinix, Inc. has a 52 week low of $684.14 and a 52 week high of $994.03. The firm’s 50 day moving average is $898.21 and its two-hundred day moving average is $908.63. The firm has a market capitalization of $80.33 billion, a P/E ratio of 96.53, a P/E/G ratio of 1.78 and a beta of 0.74.

Equinix (NASDAQ:EQIX) last posted its earnings results on Wednesday, February 12th. The financial services provider reported $7.92 EPS for the quarter, beating analysts’ consensus estimates of $2.75 by $5.17. Equinix had a net margin of 9.32% and a return on equity of 6.31%. Research analysts forecast that Equinix, Inc. will post 33.1 EPS for the current fiscal year.

Equinix Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Wednesday, February 26th were given a $4.69 dividend. The ex-dividend date was Wednesday, February 26th. This is a boost from Equinix’s previous quarterly dividend of $4.26. This represents a $18.76 dividend on an annualized basis and a dividend yield of 2.27%. Equinix’s dividend payout ratio is 219.42%.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on EQIX shares. Royal Bank of Canada boosted their price objective on Equinix from $936.00 to $1,025.00 and gave the company an “outperform” rating in a report on Wednesday, December 11th. Wells Fargo & Company cut their price target on shares of Equinix from $1,075.00 to $1,065.00 and set an “overweight” rating on the stock in a research note on Thursday, February 13th. Barclays raised their price objective on shares of Equinix from $822.00 to $834.00 and gave the company an “equal weight” rating in a research note on Thursday, March 20th. Citizens Jmp raised shares of Equinix to a “strong-buy” rating in a research note on Monday, January 27th. Finally, Scotiabank raised their price target on shares of Equinix from $1,033.00 to $1,040.00 and gave the company a “sector outperform” rating in a research report on Monday, March 3rd. Three equities research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $989.39.

Insider Buying and Selling

In other news, CFO Keith D. Taylor sold 2,454 shares of the stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $929.34, for a total transaction of $2,280,600.36. Following the completion of the sale, the chief financial officer now owns 24,402 shares in the company, valued at approximately $22,677,754.68. This represents a 9.14 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Brandi Galvin Morandi sold 684 shares of the business’s stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $940.51, for a total value of $643,308.84. Following the completion of the transaction, the insider now directly owns 8,377 shares in the company, valued at approximately $7,878,652.27. The trade was a 7.55 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 19,054 shares of company stock worth $17,466,950 in the last quarter. 0.27% of the stock is owned by insiders.

Equinix Company Profile

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.