Prudent Man Advisors LLC Buys 667 Shares of Equinix, Inc. (NASDAQ:EQIX)

Prudent Man Advisors LLC lifted its holdings in Equinix, Inc. (NASDAQ:EQIX - Free Report) by 43.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,189 shares of the financial services provider's stock after purchasing an additional 667 shares during the period. Equinix accounts for approximately 0.8% of Prudent Man Advisors LLC's portfolio, making the stock its 20th biggest holding. Prudent Man Advisors LLC's holdings in Equinix were worth $2,064,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Metis Global Partners LLC boosted its holdings in Equinix by 38.2% in the 4th quarter. Metis Global Partners LLC now owns 24,838 shares of the financial services provider's stock valued at $23,420,000 after purchasing an additional 6,866 shares during the period. West Michigan Advisors LLC grew its position in Equinix by 23.8% during the fourth quarter. West Michigan Advisors LLC now owns 557 shares of the financial services provider's stock worth $525,000 after buying an additional 107 shares in the last quarter. Williamson Legacy Group LLC bought a new position in Equinix during the fourth quarter valued at about $223,000. US Bancorp DE raised its holdings in Equinix by 21.3% in the 4th quarter. US Bancorp DE now owns 52,004 shares of the financial services provider's stock valued at $49,035,000 after acquiring an additional 9,135 shares in the last quarter. Finally, Fisher Asset Management LLC lifted its position in shares of Equinix by 11.6% in the 4th quarter. Fisher Asset Management LLC now owns 298 shares of the financial services provider's stock worth $281,000 after acquiring an additional 31 shares during the period. 94.94% of the stock is currently owned by institutional investors.

Insider Transactions at Equinix

In related news, insider Brandi Galvin Morandi sold 684 shares of the business's stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $940.51, for a total transaction of $643,308.84. Following the completion of the transaction, the insider now owns 8,377 shares in the company, valued at approximately $7,878,652.27. The trade was a 7.55 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Adaire Fox-Martin sold 2,965 shares of the company's stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $961.62, for a total transaction of $2,851,203.30. Following the completion of the sale, the chief executive officer now directly owns 3,069 shares of the company's stock, valued at $2,951,211.78. The trade was a 49.14 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 22,241 shares of company stock worth $20,531,762 in the last three months. Insiders own 0.27% of the company's stock.

Equinix Trading Up 0.1 %

Equinix stock traded up $0.93 during mid-day trading on Monday, hitting $905.55. The stock had a trading volume of 323,929 shares, compared to its average volume of 533,871. The stock has a 50-day simple moving average of $928.20 and a two-hundred day simple moving average of $905.68. The company has a current ratio of 1.63, a quick ratio of 1.63 and a debt-to-equity ratio of 1.19. The stock has a market capitalization of $88.14 billion, a PE ratio of 106.06, a P/E/G ratio of 1.78 and a beta of 0.72. Equinix, Inc. has a 12 month low of $684.14 and a 12 month high of $994.03.

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

Equinix Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 19th. Stockholders of record on Wednesday, February 26th will be paid a $4.69 dividend. The ex-dividend date is Wednesday, February 26th. This represents a $18.76 dividend on an annualized basis and a dividend yield of 2.07%. This is an increase from Equinix's previous quarterly dividend of $4.26. Equinix's dividend payout ratio is 219.42%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on EQIX. BMO Capital Markets dropped their price objective on shares of Equinix from $1,085.00 to $1,065.00 and set an "outperform" rating for the company in a research note on Thursday, February 13th. Stifel Nicolaus increased their price target on shares of Equinix from $995.00 to $1,080.00 and gave the stock a "buy" rating in a research report on Wednesday, November 20th. Wells Fargo & Company decreased their price objective on Equinix from $1,075.00 to $1,065.00 and set an "overweight" rating on the stock in a report on Thursday, February 13th. Oppenheimer boosted their price target on Equinix from $950.00 to $975.00 and gave the company an "outperform" rating in a research note on Thursday, February 13th. Finally, Moffett Nathanson upgraded Equinix from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, February 5th. Three research analysts have rated the stock with a hold rating, fifteen have given a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Buy" and a consensus price target of $995.24.

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.