USS Investment Management Ltd Grows Stake in Equinix, Inc. $EQIX

USS Investment Management Ltd raised its stake in Equinix, Inc. (NASDAQ:EQIX) by 4.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 18,061 shares of the financial services provider’s stock after purchasing an additional 844 shares during the quarter. USS Investment Management Ltd’s holdings in Equinix were worth $13,833,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Verition Fund Management LLC increased its position in shares of Equinix by 0.8% during the fourth quarter. Verition Fund Management LLC now owns 13,740 shares of the financial services provider’s stock worth $10,527,000 after acquiring an additional 115 shares during the last quarter. MML Investors Services LLC increased its position in shares of Equinix by 9.6% during the fourth quarter. MML Investors Services LLC now owns 4,778 shares of the financial services provider’s stock worth $3,661,000 after acquiring an additional 419 shares during the last quarter. Mariner LLC increased its position in shares of Equinix by 2.0% during the fourth quarter. Mariner LLC now owns 76,016 shares of the financial services provider’s stock worth $58,246,000 after acquiring an additional 1,527 shares during the last quarter. NFJ Investment Group LLC increased its position in shares of Equinix by 388.8% during the fourth quarter. NFJ Investment Group LLC now owns 55,079 shares of the financial services provider’s stock worth $42,199,000 after acquiring an additional 43,810 shares during the last quarter. Finally, Focus Partners Wealth increased its position in shares of Equinix by 36.3% during the fourth quarter. Focus Partners Wealth now owns 4,200 shares of the financial services provider’s stock worth $3,219,000 after acquiring an additional 1,118 shares during the last quarter. 94.94% of the stock is owned by hedge funds and other institutional investors.

Equinix Stock Up 0.8%

Shares of Equinix stock opened at $1,064.38 on Tuesday. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 1.39. The firm has a market cap of $104.97 billion, a P/E ratio of 73.66, a P/E/G ratio of 1.99 and a beta of 0.99. Equinix, Inc. has a fifty-two week low of $710.52 and a fifty-two week high of $1,128.68. The business has a 50-day moving average price of $1,067.51 and a 200 day moving average price of $926.97.

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

Equinix Announces Dividend

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

Insider Transactions at Equinix

In related news, EVP Raouf Abdel sold 2,040 shares of the business’s stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $1,083.47, for a total value of $2,210,278.80. Following the completion of the sale, the executive vice president directly owned 5,728 shares of the company’s stock, valued at $6,206,116.16. The trade was a 26.26% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Brandi Galvin Morandi sold 3,726 shares of the business’s stock in a transaction dated Monday, June 8th. The shares were sold at an average price of $1,076.36, for a total value of $4,010,517.36. Following the completion of the sale, the insider directly owned 6,132 shares of the company’s stock, valued at approximately $6,600,239.52. This represents a 37.80% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 11,539 shares of company stock valued at $12,455,054 in the last three months. Corporate insiders own 0.27% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. Cantor Fitzgerald lifted their target price on Equinix from $1,173.00 to $1,186.00 and gave the stock an “overweight” rating in a research report on Friday, May 1st. Weiss Ratings raised Equinix from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, May 7th. Truist Financial set a $1,215.00 target price on Equinix in a research report on Friday, May 1st. JPMorgan Chase & Co. lifted their target price on Equinix from $1,100.00 to $1,200.00 and gave the stock an “overweight” rating in a research report on Thursday, April 30th. Finally, Wells Fargo & Company lifted their target price on Equinix from $975.00 to $1,200.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 21st. Three investment analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $1,143.60.

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.