Jefferies Financial Group Inc. Acquires 1,615 Shares of Equinix, Inc. $EQIX

Jefferies Financial Group Inc. grew its holdings in shares of Equinix, Inc. (NASDAQ:EQIX) by 414.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,005 shares of the financial services provider’s stock after acquiring an additional 1,615 shares during the quarter. Jefferies Financial Group Inc.’s holdings in Equinix were worth $1,536,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the business. Paragon Private Wealth Management LLC boosted its position in shares of Equinix by 2.7% during the 3rd quarter. Paragon Private Wealth Management LLC now owns 495 shares of the financial services provider’s stock valued at $388,000 after acquiring an additional 13 shares during the last quarter. Cornerstone Planning Group LLC raised its position in shares of Equinix by 40.6% during the 3rd quarter. Cornerstone Planning Group LLC now owns 45 shares of the financial services provider’s stock valued at $37,000 after buying an additional 13 shares in the last quarter. IFP Advisors Inc raised its position in shares of Equinix by 2.2% during the 4th quarter. IFP Advisors Inc now owns 595 shares of the financial services provider’s stock valued at $456,000 after buying an additional 13 shares in the last quarter. Crestwood Advisors Group LLC raised its position in shares of Equinix by 3.7% during the 4th quarter. Crestwood Advisors Group LLC now owns 397 shares of the financial services provider’s stock valued at $304,000 after buying an additional 14 shares in the last quarter. Finally, Howard Capital Management Inc. raised its position in shares of Equinix by 2.3% during the 3rd quarter. Howard Capital Management Inc. now owns 664 shares of the financial services provider’s stock valued at $520,000 after buying an additional 15 shares in the last quarter. Institutional investors own 94.94% of the company’s stock.

Analysts Set New Price Targets

EQIX has been the topic of several research reports. Scotiabank raised their price objective on shares of Equinix from $1,050.00 to $1,120.00 and gave the company a “sector perform” rating in a research report on Thursday, April 30th. BMO Capital Markets increased their price objective on Equinix from $925.00 to $1,050.00 and gave the company an “outperform” rating in a research report on Thursday, February 12th. Zacks Research lowered Equinix from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 15th. Truist Financial set a $1,215.00 price objective on Equinix in a research report on Friday, May 1st. Finally, UBS Group increased their price objective on Equinix from $950.00 to $1,010.00 and gave the company a “buy” rating in a research report on Thursday, February 12th. Three investment analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and six have given a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $1,143.60.

Insider Buying and Selling

In related news, Chairman Charles J. Meyers sold 5,224 shares of the stock in a transaction dated 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 of the company’s stock, valued at $7,998,145.10. This represents a 41.48% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Brandi Galvin Morandi sold 630 shares of the stock in a transaction dated Thursday, March 12th. The stock was sold at an average price of $961.19, for a total transaction of $605,549.70. Following the completion of the transaction, the insider directly owned 10,394 shares of the company’s stock, valued at approximately $9,990,608.86. The trade was a 5.71% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 13,769 shares of company stock valued at $14,191,079 over the last quarter. 0.27% of the stock is currently owned by insiders.

Equinix Stock Performance

Shares of EQIX stock opened at $1,070.22 on Thursday. The stock has a fifty day moving average of $1,043.86 and a 200 day moving average of $901.37. Equinix, Inc. has a 52 week low of $710.52 and a 52 week high of $1,128.68. The firm has a market capitalization of $105.55 billion, a price-to-earnings ratio of 74.06, a PEG ratio of 2.03 and a beta of 1.01. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 1.39.

Equinix (NASDAQ:EQIX) last announced its quarterly earnings results on Wednesday, April 29th. The financial services provider reported $10.79 EPS for the quarter, topping analysts’ consensus estimates of $4.30 by $6.49. Equinix had a return on equity of 10.03% and a net margin of 15.07%.The company had revenue of $2.44 billion during the quarter, compared to analyst estimates of $2.52 billion. During the same quarter last year, the firm posted $9.67 earnings per share. The firm’s revenue was up 9.8% on a year-over-year basis. Equinix has set its FY 2026 guidance at 42.310-43.110 EPS. As a group, research analysts expect that Equinix, Inc. will post 37.72 earnings per share for the current year.

Equinix Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 17th. Investors of record on Wednesday, May 20th will be paid a $5.16 dividend. This represents a $20.64 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date of this dividend is Wednesday, May 20th. Equinix’s dividend payout ratio is presently 142.84%.

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.