NBC Securities Inc. Has $3.92 Million Stock Position in Equinix, Inc. (NASDAQ:EQIX)

NBC Securities Inc. cut its position in Equinix, Inc. (NASDAQ:EQIX) by 0.7% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,414 shares of the financial services provider’s stock after selling 31 shares during the period. NBC Securities Inc.’s holdings in Equinix were worth $3,917,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the company. Syon Capital LLC increased its holdings in Equinix by 9.1% during the 4th quarter. Syon Capital LLC now owns 517 shares of the financial services provider’s stock valued at $416,000 after purchasing an additional 43 shares in the last quarter. Fisher Asset Management LLC acquired a new stake in shares of Equinix in the fourth quarter valued at $381,000. ICA Group Wealth Management LLC bought a new position in shares of Equinix in the fourth quarter valued at about $81,000. HighPoint Advisor Group LLC bought a new position in shares of Equinix in the fourth quarter valued at about $471,000. Finally, Nomura Holdings Inc. acquired a new position in Equinix during the 4th quarter worth about $13,428,000. 94.94% of the stock is owned by institutional investors.

Equinix Trading Up 1.1 %

NASDAQ:EQIX traded up $9.66 during trading hours on Tuesday, hitting $875.68. The stock had a trading volume of 128,076 shares, compared to its average volume of 530,321. The business’s 50 day moving average is $848.37 and its 200-day moving average is $795.27. The company has a debt-to-equity ratio of 1.26, a quick ratio of 1.22 and a current ratio of 1.22. The company has a market cap of $83.11 billion, a price-to-earnings ratio of 86.86, a P/E/G ratio of 2.13 and a beta of 0.71. Equinix, Inc. has a one year low of $677.80 and a one year high of $914.93.

Equinix (NASDAQ:EQIX) last released its quarterly earnings data on Wednesday, August 7th. The financial services provider reported $3.16 EPS for the quarter, missing analysts’ consensus estimates of $7.88 by ($4.72). Equinix had a net margin of 12.24% and a return on equity of 8.46%. The firm had revenue of $2.16 billion during the quarter, compared to the consensus estimate of $2.16 billion. During the same quarter in the prior year, the company earned $8.04 EPS. Equinix’s quarterly revenue was up 6.9% on a year-over-year basis. Sell-side analysts anticipate that Equinix, Inc. will post 31.01 EPS for the current fiscal year.

Equinix Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 18th. Shareholders of record on Wednesday, August 21st were given a dividend of $4.26 per share. This represents a $17.04 dividend on an annualized basis and a yield of 1.95%. The ex-dividend date of this dividend was Wednesday, August 21st. Equinix’s dividend payout ratio (DPR) is currently 170.91%.

Insider Transactions at Equinix

In other news, CAO Simon Miller sold 569 shares of the business’s stock in a transaction on Wednesday, September 4th. The shares were sold at an average price of $820.91, for a total value of $467,097.79. Following the sale, the chief accounting officer now owns 5,554 shares of the company’s stock, valued at $4,559,334.14. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Equinix news, EVP Jonathan Lin sold 93 shares of the firm’s stock in a transaction that occurred on Wednesday, September 4th. The stock was sold at an average price of $820.99, for a total value of $76,352.07. Following the completion of the transaction, the executive vice president now directly owns 7,141 shares in the company, valued at $5,862,689.59. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Simon Miller sold 569 shares of the stock in a transaction that occurred on Wednesday, September 4th. The shares were sold at an average price of $820.91, for a total value of $467,097.79. Following the completion of the sale, the chief accounting officer now directly owns 5,554 shares of the company’s stock, valued at approximately $4,559,334.14. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 10,043 shares of company stock valued at $8,282,119 in the last ninety days. 0.27% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the stock. Truist Financial raised their price objective on shares of Equinix from $915.00 to $935.00 and gave the company a “buy” rating in a research report on Wednesday, August 21st. Deutsche Bank Aktiengesellschaft raised their price target on shares of Equinix from $880.00 to $910.00 and gave the company a “buy” rating in a report on Tuesday, August 13th. Cfra reaffirmed a “hold” rating on shares of Equinix in a report on Tuesday, September 24th. HSBC raised Equinix from a “hold” rating to a “buy” rating and lifted their target price for the company from $865.00 to $1,000.00 in a research note on Friday, October 4th. Finally, The Goldman Sachs Group upped their price target on Equinix from $870.00 to $980.00 and gave the company a “buy” rating in a research note on Thursday, September 26th. Five investment analysts have rated the stock with a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Equinix presently has a consensus rating of “Moderate Buy” and a consensus price target of $907.21.

Equinix Company 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.