First Business Financial Services Inc. Grows Stock Holdings in Equinix, Inc. (NASDAQ:EQIX)

First Business Financial Services Inc. increased its position in Equinix, Inc. (NASDAQ:EQIX) by 15.1% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 2,713 shares of the financial services provider’s stock after buying an additional 355 shares during the period. First Business Financial Services Inc.’s holdings in Equinix were worth $2,408,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of EQIX. Thurston Springer Miller Herd & Titak Inc. purchased a new position in Equinix during the 2nd quarter valued at approximately $30,000. LRI Investments LLC purchased a new stake in Equinix in the 1st quarter valued at about $31,000. GHP Investment Advisors Inc. boosted its holdings in shares of Equinix by 50.0% in the third quarter. GHP Investment Advisors Inc. now owns 39 shares of the financial services provider’s stock valued at $35,000 after purchasing an additional 13 shares during the period. Fortitude Family Office LLC grew its position in shares of Equinix by 50.0% during the 3rd quarter. Fortitude Family Office LLC now owns 39 shares of the financial services provider’s stock worth $35,000 after buying an additional 13 shares in the last quarter. Finally, Meeder Asset Management Inc. bought a new stake in shares of Equinix in the second quarter valued at about $36,000. Hedge funds and other institutional investors own 94.94% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on EQIX. Hsbc Global Res upgraded shares of Equinix from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 4th. TD Cowen lifted their price target on Equinix from $865.00 to $984.00 and gave the company a “buy” rating in a report on Thursday, October 31st. The Goldman Sachs Group boosted their price target on Equinix from $870.00 to $980.00 and gave the stock a “buy” rating in a research report on Thursday, September 26th. Scotiabank raised their price objective on Equinix from $954.00 to $985.00 and gave the company a “sector outperform” rating in a research report on Thursday, October 31st. Finally, BMO Capital Markets increased their price target on shares of Equinix from $975.00 to $1,020.00 and gave the company an “outperform” rating in a research report on Thursday, October 31st. Five equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Equinix currently has an average rating of “Moderate Buy” and an average price target of $944.63.

Insider Transactions at Equinix

In other Equinix news, CAO Simon Miller sold 569 shares of Equinix stock in a transaction on Wednesday, September 4th. The shares were sold at an average price of $820.91, for a total value of $467,097.79. Following the transaction, the chief accounting officer now directly owns 5,554 shares in the company, valued at approximately $4,559,334.14. The trade was a 9.29 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Jonathan Lin sold 93 shares of the stock in a transaction dated Wednesday, September 4th. The stock was sold at an average price of $820.99, for a total transaction of $76,352.07. Following the sale, the executive vice president now owns 7,141 shares of the company’s stock, valued at $5,862,689.59. This trade represents a 1.29 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 13,654 shares of company stock worth $11,577,656. 0.27% of the stock is currently owned by insiders.

Equinix Stock Down 0.3 %

Equinix stock opened at $898.12 on Friday. The stock has a market cap of $86.66 billion, a PE ratio of 80.98, a P/E/G ratio of 2.26 and a beta of 0.71. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.16 and a quick ratio of 1.16. The stock’s fifty day moving average is $882.45 and its two-hundred day moving average is $815.17. Equinix, Inc. has a 1-year low of $684.14 and a 1-year high of $943.02.

Equinix Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 11th. Shareholders of record on Wednesday, November 13th will be issued a dividend of $4.26 per share. The ex-dividend date of this dividend is Wednesday, November 13th. This represents a $17.04 dividend on an annualized basis and a yield of 1.90%. Equinix’s payout ratio is currently 153.65%.

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.