Stifel Financial Corp Boosts Holdings in Equinix, Inc. (NASDAQ:EQIX)

Stifel Financial Corp grew its position in Equinix, Inc. (NASDAQ:EQIX - Free Report) by 2.1% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 153,724 shares of the financial services provider's stock after acquiring an additional 3,222 shares during the period. Stifel Financial Corp owned 0.16% of Equinix worth $145,015,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of the company. Kestra Investment Management LLC acquired a new position in shares of Equinix during the fourth quarter worth $31,000. J.Safra Asset Management Corp acquired a new position in Equinix during the 4th quarter worth about $39,000. Sierra Ocean LLC bought a new stake in shares of Equinix in the 4th quarter valued at about $42,000. Thompson Investment Management Inc. acquired a new stake in shares of Equinix in the fourth quarter valued at about $47,000. Finally, Key Financial Inc raised its position in shares of Equinix by 30.4% during the fourth quarter. Key Financial Inc now owns 60 shares of the financial services provider's stock worth $57,000 after acquiring an additional 14 shares during the last quarter. Institutional investors and hedge funds own 94.94% of the company's stock.

Analyst Upgrades and Downgrades

EQIX has been the subject of a number of recent analyst reports. BMO Capital Markets decreased their target price on shares of Equinix from $1,085.00 to $1,065.00 and set an "outperform" rating for the company in a research report on Thursday, February 13th. Wolfe Research upgraded shares of Equinix from a "peer perform" rating to an "outperform" rating and set a $978.00 price objective for the company in a research report on Thursday, March 27th. Oppenheimer boosted their target price on shares of Equinix from $950.00 to $975.00 and gave the company an "outperform" rating in a report on Thursday, February 13th. Cfra Research upgraded Equinix from a "hold" rating to a "strong-buy" rating in a report on Friday, March 28th. Finally, Mizuho lowered their price objective on Equinix from $1,094.00 to $1,053.00 and set an "outperform" rating for the company in a research report on Friday, March 28th. Two analysts have rated the stock with a hold rating, seventeen have issued a buy rating and four have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Equinix currently has an average rating of "Buy" and an average price target of $1,004.94.

Equinix Stock Up 2.6 %

Shares of Equinix stock traded up $20.91 during trading hours on Friday, reaching $838.10. The company's stock had a trading volume of 605,304 shares, compared to its average volume of 550,655. The company has a market capitalization of $81.98 billion, a P/E ratio of 98.02, a P/E/G ratio of 1.78 and a beta of 0.95. The stock's fifty day simple moving average is $835.22 and its two-hundred day simple moving average is $895.02. Equinix, Inc. has a one year low of $684.14 and a one year high of $994.03. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.63 and a current ratio of 1.63.

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

Equinix Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Wednesday, February 26th were paid a dividend of $4.69 per share. The ex-dividend date of this dividend was Wednesday, February 26th. This is a boost from Equinix's previous quarterly dividend of $4.26. This represents a $18.76 annualized dividend and a yield of 2.24%. Equinix's dividend payout ratio (DPR) is 219.42%.

Insiders Place Their Bets

In other news, insider Brandi Galvin Morandi sold 684 shares of the business's stock in a transaction that occurred on Thursday, February 20th. The stock was 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 $7,878,652.27. The trade was a 7.55 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Kurt Pletcher sold 215 shares of the stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $929.73, for a total value of $199,891.95. Following the sale, the insider now directly owns 1,245 shares of the company's stock, valued at $1,157,513.85. The trade was a 14.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 7,040 shares of company stock valued at $6,547,068 in the last three months. 0.27% of the stock is currently owned by insiders.

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.