Savvy Advisors Inc. Invests $330,000 in Equinix, Inc. $EQIX

Savvy Advisors Inc. acquired a new position in shares of Equinix, Inc. (NASDAQ:EQIX) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 415 shares of the financial services provider’s stock, valued at approximately $330,000.

A number of other hedge funds have also modified their holdings of EQIX. Brighton Jones LLC increased its stake in shares of Equinix by 28.9% during the 4th quarter. Brighton Jones LLC now owns 326 shares of the financial services provider’s stock worth $307,000 after purchasing an additional 73 shares in the last quarter. Calamos Advisors LLC increased its stake in shares of Equinix by 1.1% during the 1st quarter. Calamos Advisors LLC now owns 13,386 shares of the financial services provider’s stock worth $10,914,000 after purchasing an additional 149 shares in the last quarter. GF Fund Management CO. LTD. increased its stake in shares of Equinix by 6.0% during the 1st quarter. GF Fund Management CO. LTD. now owns 1,828 shares of the financial services provider’s stock worth $1,490,000 after purchasing an additional 103 shares in the last quarter. Truist Financial Corp increased its stake in shares of Equinix by 8.2% during the 1st quarter. Truist Financial Corp now owns 52,301 shares of the financial services provider’s stock worth $42,643,000 after purchasing an additional 3,981 shares in the last quarter. Finally, Wayfinding Financial LLC purchased a new position in shares of Equinix during the 1st quarter worth approximately $69,000. 94.94% of the stock is owned by hedge funds and other institutional investors.

Equinix Stock Up 1.5%

Shares of NASDAQ EQIX opened at $846.01 on Friday. Equinix, Inc. has a 52-week low of $701.41 and a 52-week high of $994.03. The firm has a fifty day moving average of $796.54 and a 200-day moving average of $816.63. The stock has a market capitalization of $82.79 billion, a PE ratio of 77.47, a P/E/G ratio of 1.38 and a beta of 0.92. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 1.29.

Equinix (NASDAQ:EQIX) last announced its quarterly earnings data on Wednesday, October 29th. The financial services provider reported $9.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $9.27 by $0.56. Equinix had a net margin of 11.82% and a return on equity of 7.74%. The company had revenue of $2.32 billion during the quarter, compared to analysts’ expectations of $2.33 billion. During the same period in the previous year, the company earned $9.05 EPS. The business’s quarterly revenue was up 5.2% compared to the same quarter last year. Equinix has set its Q4 2025 guidance at EPS. FY 2025 guidance at 37.950-38.77 EPS. On average, analysts anticipate that Equinix, Inc. will post 33.1 EPS for the current year.

Equinix Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 17th. Stockholders of record on Wednesday, November 19th will be paid a dividend of $4.69 per share. The ex-dividend date of this dividend is Wednesday, November 19th. This represents a $18.76 annualized dividend and a dividend yield of 2.2%. Equinix’s payout ratio is currently 183.74%.

Wall Street Analyst Weigh In

Several research firms have commented on EQIX. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Equinix in a research note on Wednesday, October 8th. JMP Securities reaffirmed a “market outperform” rating and issued a $1,200.00 target price on shares of Equinix in a research note on Tuesday, July 22nd. BMO Capital Markets set a $900.00 target price on shares of Equinix and gave the stock a “market perform” rating in a research note on Thursday. Wall Street Zen cut shares of Equinix from a “hold” rating to a “sell” rating in a research note on Saturday, October 11th. Finally, Cowen reaffirmed a “buy” rating on shares of Equinix in a research note on Thursday. Five equities research analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $960.76.

Insider Buying and Selling at Equinix

In related news, Director Christopher B. Paisley sold 75 shares of Equinix stock in a transaction on Monday, August 18th. The shares were sold at an average price of $781.50, for a total transaction of $58,612.50. Following the transaction, the director owned 17,832 shares in the company, valued at approximately $13,935,708. The trade was a 0.42% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Raouf Abdel sold 404 shares of Equinix stock in a transaction on Tuesday, September 9th. The shares were sold at an average price of $771.11, for a total transaction of $311,528.44. Following the transaction, the executive vice president owned 6,378 shares in the company, valued at $4,918,139.58. The trade was a 5.96% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.27% of the stock is owned by 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.