OneAscent Wealth Management LLC Acquires 112 Shares of Equinix, Inc. (NASDAQ:EQIX)

OneAscent Wealth Management LLC raised its holdings in shares of Equinix, Inc. (NASDAQ:EQIX) by 31.8% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 464 shares of the financial services provider’s stock after acquiring an additional 112 shares during the quarter. OneAscent Wealth Management LLC’s holdings in Equinix were worth $383,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of EQIX. Valley National Advisers Inc. grew its position in shares of Equinix by 260.0% during the fourth quarter. Valley National Advisers Inc. now owns 36 shares of the financial services provider’s stock valued at $28,000 after purchasing an additional 26 shares in the last quarter. Criterion Capital Advisors LLC purchased a new position in shares of Equinix during the fourth quarter valued at about $32,000. Operose Advisors LLC purchased a new position in shares of Equinix during the third quarter valued at about $36,000. Rise Advisors LLC purchased a new position in shares of Equinix during the first quarter valued at about $39,000. Finally, Anchor Investment Management LLC purchased a new position in shares of Equinix during the fourth quarter valued at about $49,000. 94.94% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Equinix news, Director Christopher B. Paisley sold 100 shares of the company’s stock in a transaction dated Thursday, May 16th. The shares were sold at an average price of $812.98, for a total value of $81,298.00. Following the completion of the transaction, the director now owns 17,641 shares in the company, valued at $14,341,780.18. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, Director Christopher B. Paisley sold 100 shares of the company’s stock in a transaction dated Thursday, May 16th. The shares were sold at an average price of $812.98, for a total transaction of $81,298.00. Following the completion of the transaction, the director now owns 17,641 shares in the company, valued at approximately $14,341,780.18. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Brandi Galvin Morandi sold 2,070 shares of the company’s stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of $800.50, for a total transaction of $1,657,035.00. Following the transaction, the insider now owns 12,758 shares of the company’s stock, valued at approximately $10,212,779. The disclosure for this sale can be found here. Insiders own 0.27% of the company’s stock.

Analyst Upgrades and Downgrades

EQIX has been the subject of several recent research reports. Oppenheimer lifted their price target on Equinix from $875.00 to $950.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 20th. HSBC lowered Equinix from a “buy” rating to a “hold” rating and set a $900.00 price target for the company. in a research report on Wednesday, March 20th. Morgan Stanley dropped their price target on Equinix from $767.00 to $762.00 and set an “equal weight” rating for the company in a research report on Thursday, March 28th. Stifel Nicolaus reiterated a “buy” rating and issued a $960.00 price target on shares of Equinix in a research report on Wednesday, March 13th. Finally, Royal Bank of Canada decreased their price objective on shares of Equinix from $950.00 to $922.00 and set an “outperform” rating for the company in a research note on Tuesday, May 28th. Seven research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $872.50.

Equinix Stock Performance

NASDAQ:EQIX traded up $4.64 during mid-day trading on Friday, hitting $756.60. The company’s stock had a trading volume of 1,146,810 shares, compared to its average volume of 474,262. Equinix, Inc. has a 1 year low of $677.80 and a 1 year high of $914.93. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.10 and a quick ratio of 1.10. The stock has a market cap of $71.81 billion, a price-to-earnings ratio of 75.89, a PEG ratio of 2.61 and a beta of 0.68. The business’s fifty day moving average is $755.85 and its two-hundred day moving average is $800.20.

Equinix Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 19th. Shareholders of record on Wednesday, May 22nd were given a $4.26 dividend. The ex-dividend date of this dividend was Tuesday, May 21st. This represents a $17.04 dividend on an annualized basis and a dividend yield of 2.25%. Equinix’s dividend payout ratio (DPR) is currently 170.91%.

Equinix 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.