Equinix, Inc. (NASDAQ:EQIX) CFO Keith D. Taylor sold 2,028 shares of the firm’s stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $401.92, for a total value of $815,093.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
Equinix, Inc. (NASDAQ EQIX) traded down $6.86 during mid-day trading on Tuesday, reaching $396.44. The company’s stock had a trading volume of 794,610 shares, compared to its average volume of 788,203. The company has a debt-to-equity ratio of 1.45, a quick ratio of 2.11 and a current ratio of 1.80. Equinix, Inc. has a twelve month low of $361.90 and a twelve month high of $495.35. The stock has a market capitalization of $31,550.00, a PE ratio of 128.71, a P/E/G ratio of 1.39 and a beta of 0.42.
Equinix (NASDAQ:EQIX) last posted its quarterly earnings data on Wednesday, February 14th. The financial services provider reported $0.82 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $3.87 by ($3.05). Equinix had a return on equity of 6.54% and a net margin of 5.33%. The business had revenue of $1.20 billion during the quarter, compared to analysts’ expectations of $1.19 billion. During the same period in the prior year, the firm posted $4.08 EPS. The firm’s revenue for the quarter was up 27.3% on a year-over-year basis. equities research analysts forecast that Equinix, Inc. will post 18.71 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 21st. Shareholders of record on Monday, February 26th will be given a $2.28 dividend. The ex-dividend date of this dividend is Friday, February 23rd. This represents a $9.12 annualized dividend and a yield of 2.30%. This is a boost from Equinix’s previous quarterly dividend of $2.00. Equinix’s payout ratio is currently 259.74%.
A number of hedge funds have recently bought and sold shares of the business. Bank of Nova Scotia boosted its position in Equinix by 3.8% in the second quarter. Bank of Nova Scotia now owns 1,891 shares of the financial services provider’s stock worth $812,000 after purchasing an additional 70 shares during the last quarter. Commonwealth Equity Services Inc boosted its position in Equinix by 7.3% in the third quarter. Commonwealth Equity Services Inc now owns 1,729 shares of the financial services provider’s stock worth $771,000 after purchasing an additional 118 shares during the last quarter. Verition Fund Management LLC boosted its position in Equinix by 17.0% in the second quarter. Verition Fund Management LLC now owns 819 shares of the financial services provider’s stock worth $351,000 after purchasing an additional 119 shares during the last quarter. WASHINGTON TRUST Co boosted its position in Equinix by 0.6% in the third quarter. WASHINGTON TRUST Co now owns 21,010 shares of the financial services provider’s stock worth $9,377,000 after purchasing an additional 121 shares during the last quarter. Finally, Lenox Wealth Management Inc. boosted its position in Equinix by 7.8% in the fourth quarter. Lenox Wealth Management Inc. now owns 1,730 shares of the financial services provider’s stock worth $784,000 after purchasing an additional 125 shares during the last quarter. 94.81% of the stock is currently owned by institutional investors and hedge funds.
A number of equities research analysts have commented on the company. Zacks Investment Research raised Equinix from a “hold” rating to a “buy” rating and set a $456.00 price objective for the company in a research note on Monday. Barclays reissued a “buy” rating and issued a $500.00 price objective on shares of Equinix in a research note on Friday. Guggenheim set a $515.00 price objective on Equinix and gave the company a “buy” rating in a research note on Thursday, February 15th. Wells Fargo & Co reduced their price objective on Equinix from $510.00 to $485.00 and set an “outperform” rating for the company in a research note on Thursday, February 15th. Finally, Credit Suisse Group cut their target price on Equinix from $524.00 to $519.00 and set an “outperform” rating on the stock in a research report on Thursday, February 15th. One research analyst has rated the stock with a sell rating, two have given a hold rating and twenty-one have issued a buy rating to the company’s stock. Equinix presently has a consensus rating of “Buy” and a consensus price target of $499.00.
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Equinix Company Profile
Equinix, Inc (Equinix) connects businesses with partners and customers worldwide through a global platform of data centers. The Company connects approximately 4000 customers, across the Americas, Europe, Middle East and Africa (EMEA) and Asia-Pacific. Platform Equinix combines international business exchange (IBX) data centers, a global footprint and ecosystems.
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