O Shaughnessy Asset Management LLC Purchases 2,178 Shares of Equinix, Inc. (NASDAQ:EQIX)

O Shaughnessy Asset Management LLC grew its holdings in shares of Equinix, Inc. (NASDAQ:EQIX - Free Report) by 32.8% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 8,824 shares of the financial services provider's stock after purchasing an additional 2,178 shares during the period. O Shaughnessy Asset Management LLC's holdings in Equinix were worth $8,320,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. Inspire Trust Co. N.A. boosted its holdings in Equinix by 0.7% in the third quarter. Inspire Trust Co. N.A. now owns 1,700 shares of the financial services provider's stock worth $1,509,000 after acquiring an additional 11 shares in the last quarter. Rothschild Investment LLC raised its position in shares of Equinix by 1.9% in the 4th quarter. Rothschild Investment LLC now owns 576 shares of the financial services provider's stock worth $543,000 after purchasing an additional 11 shares during the last quarter. Ritholtz Wealth Management boosted its stake in Equinix by 1.8% in the 4th quarter. Ritholtz Wealth Management now owns 671 shares of the financial services provider's stock worth $633,000 after purchasing an additional 12 shares in the last quarter. Great Lakes Retirement Inc. grew its position in Equinix by 1.2% during the 4th quarter. Great Lakes Retirement Inc. now owns 975 shares of the financial services provider's stock valued at $920,000 after purchasing an additional 12 shares during the last quarter. Finally, Lake Street Advisors Group LLC grew its position in Equinix by 1.6% during the 4th quarter. Lake Street Advisors Group LLC now owns 756 shares of the financial services provider's stock valued at $713,000 after purchasing an additional 12 shares during the last quarter. 94.94% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, insider Brandi Galvin Morandi sold 684 shares of the company's stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $940.51, for a total value of $643,308.84. Following the completion of the transaction, the insider now owns 8,377 shares of the company's stock, valued at approximately $7,878,652.27. This represents a 7.55 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Kurt Pletcher sold 341 shares of the firm's stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $903.72, for a total value of $308,168.52. Following the sale, the insider now directly owns 1,430 shares in the company, valued at approximately $1,292,319.60. This represents a 19.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 19,054 shares of company stock valued at $17,466,950. 0.27% of the stock is owned by corporate insiders.

Equinix Stock Performance

Shares of Equinix stock traded down $35.23 on Friday, hitting $766.21. 820,368 shares of the company's stock were exchanged, compared to its average volume of 551,958. Equinix, Inc. has a 1 year low of $684.14 and a 1 year high of $994.03. The company has a 50-day simple moving average of $883.46 and a 200-day simple moving average of $906.83. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.63 and a current ratio of 1.63. The stock has a market capitalization of $74.58 billion, a PE ratio of 89.62, a PEG ratio of 1.78 and a beta of 0.95.

Equinix (NASDAQ:EQIX - Get Free Report) last released its earnings results on Wednesday, February 12th. The financial services provider reported $7.92 earnings per share for the quarter, beating the consensus estimate of $2.75 by $5.17. Equinix had a return on equity of 6.31% and a net margin of 9.32%. As a group, equities analysts anticipate that Equinix, Inc. will post 33.1 EPS for the current year.

Equinix Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Wednesday, February 26th were paid a dividend of $4.69 per share. The ex-dividend date was Wednesday, February 26th. This is an increase from Equinix's previous quarterly dividend of $4.26. This represents a $18.76 dividend on an annualized basis and a dividend yield of 2.45%. Equinix's payout ratio is 219.42%.

Analyst Ratings Changes

EQIX has been the topic of several analyst reports. Barclays upped their target price on shares of Equinix from $822.00 to $834.00 and gave the stock an "equal weight" rating in a research note on Thursday, March 20th. Truist Financial lowered their price objective on Equinix from $1,028.00 to $990.00 and set a "buy" rating on the stock in a research report on Monday, March 10th. Moffett Nathanson raised Equinix from a "hold" rating to a "strong-buy" rating in a report on Wednesday, February 5th. Wolfe Research raised Equinix from a "peer perform" rating to an "outperform" rating and set a $978.00 price target on the stock in a report on Thursday, March 27th. Finally, Wells Fargo & Company dropped their price objective on Equinix from $1,075.00 to $1,065.00 and set an "overweight" rating on the stock in a research report on Thursday, February 13th. Two investment analysts have rated the stock with a hold rating, sixteen have given a buy rating and four have given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Buy" and an average price target of $1,007.59.

About Equinix

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.