Yoder Wealth Management Inc. Takes $220,000 Position in Equinix, Inc. (NASDAQ:EQIX)

Yoder Wealth Management Inc. purchased a new stake in shares of Equinix, Inc. (NASDAQ:EQIX) in the third quarter, according to the company in its most recent filing with the SEC. The firm purchased 248 shares of the financial services provider’s stock, valued at approximately $220,000.

Other large investors have also recently modified their holdings of the company. CNB Bank boosted its position in shares of Equinix by 172.7% during the 1st quarter. CNB Bank now owns 30 shares of the financial services provider’s stock valued at $25,000 after acquiring an additional 19 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. bought a new stake in Equinix in the 2nd quarter worth approximately $30,000. LRI Investments LLC bought a new stake in Equinix in the 1st quarter worth approximately $31,000. Meeder Asset Management Inc. bought a new stake in Equinix in the 2nd quarter worth approximately $36,000. Finally, Sugarloaf Wealth Management LLC lifted its position in Equinix by 100.0% in the 3rd quarter. Sugarloaf Wealth Management LLC now owns 40 shares of the financial services provider’s stock worth $36,000 after buying an additional 20 shares during the last quarter. Institutional investors own 94.94% of the company’s stock.

Wall Street Analyst Weigh In

EQIX has been the subject of several recent research reports. Cfra reiterated a “hold” rating on shares of Equinix in a research report on Tuesday, September 24th. HSBC raised shares of Equinix from a “hold” rating to a “buy” rating and lifted their target price for the stock from $865.00 to $1,000.00 in a research note on Friday, October 4th. Evercore ISI boosted their price objective on shares of Equinix from $945.00 to $975.00 and gave the company an “outperform” rating in a research report on Wednesday. The Goldman Sachs Group upped their target price on shares of Equinix from $870.00 to $980.00 and gave the stock a “buy” rating in a research report on Thursday, September 26th. Finally, Deutsche Bank Aktiengesellschaft upped their target price on shares of Equinix from $880.00 to $910.00 and gave the stock a “buy” rating in a research report on Tuesday, August 13th. Five analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $918.40.

Insider Buying and Selling

In other Equinix news, insider Brandi Galvin Morandi sold 864 shares of the stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $850.00, for a total transaction of $734,400.00. Following the completion of the sale, the insider now directly owns 9,094 shares of the company’s stock, valued at $7,729,900. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other Equinix news, insider Brandi Galvin Morandi sold 864 shares of the stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $850.00, for a total transaction of $734,400.00. Following the completion of the sale, the insider now directly owns 9,094 shares of the company’s stock, valued at $7,729,900. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 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 transaction, the chief accounting officer now owns 5,554 shares of the company’s stock, valued at $4,559,334.14. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 10,043 shares of company stock valued at $8,282,119. 0.27% of the stock is owned by corporate insiders.

Equinix Stock Up 0.5 %

Equinix stock traded up $4.62 during mid-day trading on Thursday, reaching $895.78. The stock had a trading volume of 44,090 shares, compared to its average volume of 524,639. The company has a market capitalization of $85.01 billion, a price-to-earnings ratio of 89.38, a PEG ratio of 2.13 and a beta of 0.71. The company has a 50-day moving average price of $858.53 and a two-hundred day moving average price of $799.63. Equinix, Inc. has a one year low of $677.80 and a one year high of $914.93. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.22 and a quick ratio of 1.22.

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

Equinix Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 18th. Investors of record on Wednesday, August 21st were issued a $4.26 dividend. This represents a $17.04 annualized dividend and a yield of 1.90%. The ex-dividend date of this dividend was Wednesday, August 21st. Equinix’s dividend payout ratio is 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.