Crossmark Global Holdings Inc. trimmed its position in shares of Equinix Inc (NASDAQ:EQIX) by 6.5% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 5,189 shares of the financial services provider’s stock after selling 361 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Equinix were worth $2,993,000 at the end of the most recent quarter.
A number of other institutional investors have also recently bought and sold shares of EQIX. Patriot Financial Group Insurance Agency LLC bought a new stake in shares of Equinix in the 2nd quarter worth approximately $26,000. Meeder Asset Management Inc. bought a new stake in shares of Equinix in the 2nd quarter worth approximately $26,000. Carroll Financial Associates Inc. boosted its position in shares of Equinix by 63.6% in the 2nd quarter. Carroll Financial Associates Inc. now owns 54 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 21 shares in the last quarter. Johnson Financial Group Inc. bought a new stake in shares of Equinix in the 2nd quarter worth approximately $29,000. Finally, Meridian Wealth Management LLC bought a new stake in shares of Equinix in the 1st quarter worth approximately $28,000. 98.41% of the stock is currently owned by institutional investors and hedge funds.
EQIX has been the topic of a number of analyst reports. BidaskClub raised Equinix from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, September 25th. Wells Fargo & Co boosted their price target on Equinix from $500.00 to $545.00 and gave the stock an “outperform” rating in a research report on Thursday, August 1st. Credit Suisse Group set a $581.00 price target on Equinix and gave the stock a “buy” rating in a research report on Wednesday. ValuEngine cut Equinix from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Finally, Morgan Stanley boosted their price target on Equinix from $435.00 to $510.00 and gave the stock an “equal weight” rating in a research report on Thursday, September 19th. One research analyst has rated the stock with a sell rating, four have given a hold rating, sixteen have assigned a buy rating and two have assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $536.65.
Equinix (NASDAQ:EQIX) last announced its quarterly earnings data on Wednesday, July 31st. The financial services provider reported $1.69 earnings per share for the quarter, missing analysts’ consensus estimates of $5.14 by ($3.45). Equinix had a return on equity of 6.29% and a net margin of 9.29%. The firm had revenue of $1.38 billion during the quarter, compared to analysts’ expectations of $1.39 billion. During the same quarter in the previous year, the firm earned $3.63 earnings per share. Equinix’s revenue was up 9.8% on a year-over-year basis. As a group, equities analysts expect that Equinix Inc will post 20.7 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 18th. Investors of record on Wednesday, August 21st were issued a $2.46 dividend. The ex-dividend date of this dividend was Tuesday, August 20th. This represents a $9.84 dividend on an annualized basis and a yield of 1.74%. Equinix’s payout ratio is currently 47.56%.
In related news, CAO Simon Miller sold 385 shares of the business’s stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $516.27, for a total value of $198,763.95. Following the completion of the transaction, the chief accounting officer now directly owns 689 shares in the company, valued at approximately $355,710.03. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Michael Earl Campbell sold 1,000 shares of the business’s stock in a transaction on Friday, August 9th. The shares were sold at an average price of $543.75, for a total transaction of $543,750.00. Following the sale, the insider now owns 2,078 shares of the company’s stock, valued at $1,129,912.50. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 12,409 shares of company stock valued at $6,727,033. 0.49% of the stock is owned by company insiders.
Equinix Company Profile
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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