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

O Shaughnessy Asset Management LLC lifted its stake in shares of Equinix, Inc. (NASDAQ:EQIX - Free Report) by 32.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 8,824 shares of the financial services provider's stock after acquiring an additional 2,178 shares during the quarter. O Shaughnessy Asset Management LLC's holdings in Equinix were worth $8,320,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Kestra Investment Management LLC acquired a new stake in Equinix in the 4th quarter valued at about $31,000. J.Safra Asset Management Corp acquired a new stake in Equinix during the fourth quarter valued at approximately $39,000. Sierra Ocean LLC acquired a new stake in Equinix during the fourth quarter valued at approximately $42,000. Dunhill Financial LLC boosted its holdings in Equinix by 108.7% during the third quarter. Dunhill Financial LLC now owns 48 shares of the financial services provider's stock worth $43,000 after buying an additional 25 shares in the last quarter. Finally, Thompson Investment Management Inc. acquired a new position in Equinix in the fourth quarter worth approximately $47,000. Institutional investors own 94.94% of the company's stock.

Equinix Stock Down 4.4 %

NASDAQ EQIX traded down $35.23 on Friday, reaching $766.21. The stock had a trading volume of 820,368 shares, compared to its average volume of 551,212. The company has a current ratio of 1.63, a quick ratio of 1.63 and a debt-to-equity ratio of 1.19. Equinix, Inc. has a 1 year low of $684.14 and a 1 year high of $994.03. The business has a 50 day moving average price of $886.95 and a 200 day moving average price of $906.99. The company has a market capitalization of $74.58 billion, a price-to-earnings ratio of 89.62, a P/E/G ratio of 1.78 and a beta of 0.74.

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Equinix (NASDAQ:EQIX - Get Free Report) last announced its quarterly earnings results on Wednesday, February 12th. The financial services provider reported $7.92 EPS 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%. On average, analysts forecast that Equinix, Inc. will post 33.1 EPS for the current fiscal year.

Equinix Increases Dividend

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

Insider Buying and Selling

In related news, Director Christopher B. Paisley sold 125 shares of the business's stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $912.21, for a total value of $114,026.25. Following the completion of the sale, the director now directly owns 17,669 shares in the company, valued at approximately $16,117,838.49. The trade was a 0.70 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Brandi Galvin Morandi sold 684 shares of the stock in a transaction that occurred 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 transaction, the insider now owns 8,377 shares in the company, valued at approximately $7,878,652.27. This trade represents a 7.55 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 19,054 shares of company stock worth $17,466,950. Corporate insiders own 0.27% of the company's stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on EQIX. JMP Securities reissued a "market outperform" rating and set a $1,200.00 price objective on shares of Equinix in a research note on Thursday, February 13th. Wolfe Research upgraded Equinix from a "peer perform" rating to an "outperform" rating and set a $978.00 price target for the company in a research report on Thursday, March 27th. Citizens Jmp raised Equinix to a "strong-buy" rating in a research note on Monday, January 27th. Moffett Nathanson raised shares of Equinix from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, February 5th. Finally, Barclays raised their target price on shares of Equinix from $822.00 to $834.00 and gave the stock an "equal weight" rating in a report on Thursday, March 20th. Two investment analysts have rated the stock with a hold rating, sixteen have given a buy rating and four have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Equinix currently has an average rating of "Buy" and a consensus target price of $1,007.59.

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.