Raymond James & Associates Acquires 5,056 Shares of Equinix, Inc. (NASDAQ:EQIX)

Raymond James & Associates lifted its holdings in Equinix, Inc. (NASDAQ:EQIX) by 3.0% during the 2nd quarter, Holdings Channel.com reports. The firm owned 172,904 shares of the financial services provider’s stock after buying an additional 5,056 shares during the period. Raymond James & Associates’ holdings in Equinix were worth $130,819,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. CNB Bank increased its holdings in Equinix by 172.7% in the 1st quarter. CNB Bank now owns 30 shares of the financial services provider’s stock worth $25,000 after acquiring an additional 19 shares in the last quarter. LRI Investments LLC purchased a new stake in Equinix in the 1st quarter worth approximately $31,000. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in Equinix in the 2nd quarter worth approximately $30,000. Criterion Capital Advisors LLC purchased a new stake in Equinix in the 4th quarter worth approximately $32,000. Finally, Rise Advisors LLC purchased a new stake in Equinix in the 1st quarter worth approximately $39,000. 94.94% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts recently issued reports on EQIX shares. Deutsche Bank Aktiengesellschaft increased their target price on shares of Equinix from $880.00 to $910.00 and gave the stock a “buy” rating in a report on Tuesday, August 13th. Royal Bank of Canada cut their price objective on shares of Equinix from $950.00 to $922.00 and set an “outperform” rating for the company in a report on Tuesday, May 28th. Mizuho assumed coverage on shares of Equinix in a report on Thursday, July 11th. They set an “outperform” rating and a $873.00 price objective for the company. The Goldman Sachs Group assumed coverage on shares of Equinix in a report on Monday, July 1st. They set a “buy” rating and a $870.00 price objective for the company. Finally, Barclays increased their price objective on shares of Equinix from $669.00 to $671.00 and gave the company an “equal weight” rating in a report on Thursday, May 30th. Six equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, Equinix has a consensus rating of “Moderate Buy” and a consensus price target of $877.79.

Equinix Trading Up 0.3 %

EQIX stock opened at $831.00 on Monday. The firm has a fifty day moving average price of $781.52 and a 200 day moving average price of $796.25. Equinix, Inc. has a fifty-two week low of $677.80 and a fifty-two week high of $914.93. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.10 and a current ratio of 1.10. The firm has a market cap of $78.87 billion, a PE ratio of 83.12, a price-to-earnings-growth ratio of 2.80 and a beta of 0.68.

Equinix (NASDAQ:EQIX) last issued its quarterly earnings results on Wednesday, August 7th. The financial services provider reported $3.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $7.88 by ($4.72). The company had revenue of $2.16 billion during the quarter, compared to the consensus estimate of $2.16 billion. Equinix had a return on equity of 7.73% and a net margin of 11.32%. The firm’s quarterly revenue was up 6.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $8.04 earnings per share. Sell-side analysts anticipate that Equinix, Inc. will post 31.23 earnings per share for the current fiscal year.

Equinix Announces Dividend

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 $4.26 dividend. The ex-dividend date is Wednesday, August 21st. This represents a $17.04 dividend on an annualized basis and a yield of 2.05%. Equinix’s dividend payout ratio is presently 170.91%.

Equinix 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.