MRA Advisory Group Acquires 13 Shares of Equinix, Inc. (NASDAQ:EQIX)

MRA Advisory Group increased its holdings in Equinix, Inc. (NASDAQ:EQIX) by 3.2% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 419 shares of the financial services provider’s stock after buying an additional 13 shares during the period. MRA Advisory Group’s holdings in Equinix were worth $317,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Public Employees Retirement System of Ohio raised its holdings in shares of Equinix by 0.6% in the 4th quarter. Public Employees Retirement System of Ohio now owns 182,683 shares of the financial services provider’s stock valued at $147,131,000 after acquiring an additional 1,159 shares in the last quarter. Pinebridge Investments L.P. bought a new stake in Equinix during the fourth quarter valued at approximately $3,724,000. Global Assets Advisory LLC purchased a new position in Equinix in the 1st quarter worth approximately $15,187,000. Schroder Investment Management Group increased its holdings in shares of Equinix by 0.6% in the 4th quarter. Schroder Investment Management Group now owns 241,950 shares of the financial services provider’s stock worth $194,864,000 after buying an additional 1,547 shares during the last quarter. Finally, Banque Cantonale Vaudoise raised its position in shares of Equinix by 48.0% during the 1st quarter. Banque Cantonale Vaudoise now owns 6,578 shares of the financial services provider’s stock valued at $5,430,000 after buying an additional 2,133 shares in the last quarter. Hedge funds and other institutional investors own 94.94% of the company’s stock.

Equinix Stock Down 0.5 %

Shares of NASDAQ:EQIX opened at $817.96 on Friday. Equinix, Inc. has a 1 year low of $677.80 and a 1 year high of $914.93. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.22 and a quick ratio of 1.22. The stock’s 50-day moving average is $800.75 and its 200 day moving average is $794.06. The company has a market cap of $77.63 billion, a PE ratio of 82.04, a P/E/G ratio of 2.03 and a beta of 0.71.

Equinix (NASDAQ:EQIX) last announced its earnings results on Wednesday, August 7th. The financial services provider reported $3.16 EPS for the quarter, missing analysts’ consensus estimates of $7.88 by ($4.72). The business had revenue of $2.16 billion for the quarter, compared to the consensus estimate of $2.16 billion. Equinix had a net margin of 12.24% and a return on equity of 8.46%. Equinix’s revenue was up 6.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $8.04 EPS. Sell-side analysts anticipate that Equinix, Inc. will post 31.04 EPS for the current year.

Equinix Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 18th. Investors of record on Wednesday, August 21st will be given a dividend of $4.26 per share. This represents a $17.04 annualized dividend and a dividend yield of 2.08%. The ex-dividend date is Wednesday, August 21st. Equinix’s dividend payout ratio is currently 170.91%.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. Royal Bank of Canada cut their target price on shares of Equinix from $950.00 to $922.00 and set an “outperform” rating for the company in a research report on Tuesday, May 28th. The Goldman Sachs Group began coverage on Equinix in a research report on Monday, July 1st. They set a “buy” rating and a $870.00 price objective on the stock. Wells Fargo & Company raised Equinix from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $825.00 to $875.00 in a report on Tuesday, July 23rd. Mizuho started coverage on Equinix in a research note on Thursday, July 11th. They issued an “outperform” rating and a $873.00 target price for the company. Finally, Truist Financial lifted their price target on shares of Equinix from $915.00 to $935.00 and gave the stock a “buy” rating in a research note on Wednesday, August 21st. Six investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $876.71.

Insider Activity at Equinix

In other Equinix news, CAO Simon Miller sold 569 shares of Equinix stock in a transaction that occurred on Wednesday, September 4th. The stock was sold at an average price of $820.91, for a total transaction of $467,097.79. Following the sale, the chief accounting officer now directly owns 5,554 shares of the company’s stock, valued at approximately $4,559,334.14. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, Chairman Charles J. Meyers sold 6,234 shares of Equinix stock in a transaction dated Wednesday, September 4th. The shares were sold at an average price of $823.97, for a total transaction of $5,136,628.98. Following the completion of the transaction, the chairman now directly owns 7,680 shares of the company’s stock, valued at approximately $6,328,089.60. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CAO Simon Miller sold 569 shares of the company’s stock in a transaction dated Wednesday, September 4th. The stock was sold at an average price of $820.91, for a total transaction of $467,097.79. Following the completion of the sale, the chief accounting officer now owns 5,554 shares in the company, valued at approximately $4,559,334.14. The disclosure for this sale can be found here. Insiders have sold 7,472 shares of company stock worth $6,154,812 over the last 90 days. 0.27% of the stock is owned by company insiders.

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.