Equinix Inc (EQIX) Director Christopher B. Paisley Sells 200 Shares

Equinix Inc (NASDAQ:EQIX) Director Christopher B. Paisley sold 200 shares of the company’s stock in a transaction on Monday, May 20th. The stock was sold at an average price of $487.88, for a total transaction of $97,576.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

Shares of Equinix stock opened at $484.45 on Wednesday. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 1.25. Equinix Inc has a twelve month low of $335.29 and a twelve month high of $494.00. The firm has a market capitalization of $39.64 billion, a P/E ratio of 23.41, a price-to-earnings-growth ratio of 1.70 and a beta of 0.89.

Equinix (NASDAQ:EQIX) last issued its quarterly earnings data on Wednesday, May 1st. The financial services provider reported $1.44 earnings per share for the quarter, missing the consensus estimate of $5.16 by ($3.72). Equinix had a return on equity of 5.66% and a net margin of 8.06%. The business had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $1.35 billion. During the same period in the prior year, the firm earned $5.21 EPS. The business’s revenue for the quarter was up 12.1% compared to the same quarter last year. As a group, sell-side analysts predict that Equinix Inc will post 20.81 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 19th. Investors of record on Wednesday, May 22nd will be paid a $2.46 dividend. The ex-dividend date of this dividend is Tuesday, May 21st. This represents a $9.84 annualized dividend and a dividend yield of 2.03%. Equinix’s dividend payout ratio is 47.56%.

Several research analysts have recently issued reports on the stock. Deutsche Bank upped their price target on shares of Equinix from $480.00 to $500.00 and gave the stock a “buy” rating in a report on Thursday, May 9th. Citigroup upped their price target on shares of Equinix from $481.00 to $482.00 and gave the stock a “buy” rating in a report on Friday, March 1st. BidaskClub upgraded shares of Equinix from a “hold” rating to a “buy” rating in a report on Thursday, May 9th. Royal Bank of Canada upped their price target on shares of Equinix from $500.00 to $520.00 and gave the stock an “outperform” rating in a report on Monday, May 6th. Finally, Zacks Investment Research downgraded shares of Equinix from a “buy” rating to a “hold” rating in a report on Tuesday, April 16th. Two investment analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $501.44.

Several institutional investors have recently modified their holdings of the stock. Washington Trust Bank bought a new stake in Equinix during the first quarter valued at $29,000. Spectrum Management Group Inc. bought a new stake in Equinix during the first quarter valued at $29,000. Farmers & Merchants Investments Inc. boosted its position in Equinix by 174.2% during the fourth quarter. Farmers & Merchants Investments Inc. now owns 85 shares of the financial services provider’s stock valued at $30,000 after acquiring an additional 54 shares during the last quarter. Pearl River Capital LLC bought a new stake in Equinix during the fourth quarter valued at $35,000. Finally, Thomas J. Herzfeld Advisors Inc. boosted its position in Equinix by 27.9% during the first quarter. Thomas J. Herzfeld Advisors Inc. now owns 110 shares of the financial services provider’s stock valued at $50,000 after acquiring an additional 24 shares during the last quarter. 98.76% of the stock is currently owned by institutional investors.

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Equinix Company Profile

Equinix, Inc (Nasdaq: EQIX) connects the world's leading businesses to their customers, employees and partners inside the most-interconnected data centers. In 52 markets across five continents, Equinix is where companies come together to realize new opportunities and accelerate their business, IT and cloud strategies.

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