Nomura Asset Management Co. Ltd. grew its holdings in Equinix, Inc. (NASDAQ:EQIX) by 3.3% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 10,730 shares of the financial services provider’s stock after buying an additional 341 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in Equinix were worth $4,863,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Commonwealth Equity Services Inc lifted its holdings in Equinix by 7.3% in the 3rd quarter. Commonwealth Equity Services Inc now owns 1,729 shares of the financial services provider’s stock worth $771,000 after buying an additional 118 shares during the period. Lenox Wealth Management Inc. lifted its holdings in Equinix by 7.8% in the 4th quarter. Lenox Wealth Management Inc. now owns 1,730 shares of the financial services provider’s stock worth $784,000 after buying an additional 125 shares during the period. Fagan Associates Inc. lifted its holdings in Equinix by 3.8% in the 4th quarter. Fagan Associates Inc. now owns 3,717 shares of the financial services provider’s stock worth $1,685,000 after buying an additional 135 shares during the period. Checchi Capital Advisers LLC lifted its holdings in Equinix by 20.5% in the 4th quarter. Checchi Capital Advisers LLC now owns 839 shares of the financial services provider’s stock worth $380,000 after buying an additional 143 shares during the period. Finally, Piedmont Investment Advisors LLC lifted its holdings in Equinix by 0.9% in the 3rd quarter. Piedmont Investment Advisors LLC now owns 16,754 shares of the financial services provider’s stock worth $7,477,000 after buying an additional 154 shares during the period. Institutional investors and hedge funds own 96.13% of the company’s stock.
EQIX has been the subject of several research analyst reports. Credit Suisse Group set a $515.00 price objective on Equinix and gave the stock a “buy” rating in a report on Monday, December 18th. Bank of America reiterated a “buy” rating and issued a $520.00 price objective (up previously from $450.21) on shares of Equinix in a report on Wednesday, December 13th. Guggenheim set a $515.00 price objective on Equinix and gave the stock a “buy” rating in a report on Thursday, February 15th. UBS Group upgraded Equinix from a “neutral” rating to a “buy” rating and set a $510.00 price objective for the company in a report on Monday, January 29th. Finally, Barclays reiterated a “buy” rating and issued a $517.00 price objective on shares of Equinix in a report on Friday, January 19th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and twenty have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $499.00.
Equinix, Inc. (NASDAQ:EQIX) opened at $395.35 on Tuesday. Equinix, Inc. has a 52-week low of $370.79 and a 52-week high of $495.35. The stock has a market capitalization of $31,307.77, a P/E ratio of 21.34, a PEG ratio of 1.20 and a beta of 0.56. The company has a debt-to-equity ratio of 1.45, a current ratio of 1.81 and a quick ratio of 1.81.
Equinix (NASDAQ:EQIX) last announced its earnings results on Wednesday, February 14th. The financial services provider reported $0.82 earnings per share (EPS) for the quarter, missing the 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 firm had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.19 billion. During the same period in the prior year, the company posted $4.08 EPS. The firm’s revenue was up 27.3% on a year-over-year basis. research analysts expect that Equinix, Inc. will post 18.73 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 21st. Investors of record on Monday, February 26th will be given a dividend of $2.28 per share. This represents a $9.12 dividend on an annualized basis and a yield of 2.31%. The ex-dividend date is Friday, February 23rd. This is a positive change from Equinix’s previous quarterly dividend of $2.00. Equinix’s dividend payout ratio (DPR) is 305.02%.
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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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