Diversify Advisory Services LLC Makes New Investment in Ubiquiti Inc. (NYSE:UI)

Diversify Advisory Services LLC purchased a new position in shares of Ubiquiti Inc. (NYSE:UI - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 759 shares of the company's stock, valued at approximately $273,000.

A number of other large investors also recently modified their holdings of UI. Barclays PLC raised its stake in Ubiquiti by 4,880.2% during the 3rd quarter. Barclays PLC now owns 13,347 shares of the company's stock valued at $2,959,000 after purchasing an additional 13,079 shares during the last quarter. Empowered Funds LLC acquired a new position in shares of Ubiquiti during the third quarter valued at about $323,000. Algert Global LLC acquired a new position in shares of Ubiquiti during the third quarter valued at about $838,000. MML Investors Services LLC acquired a new position in shares of Ubiquiti during the third quarter valued at about $327,000. Finally, Semanteon Capital Management LP acquired a new position in shares of Ubiquiti during the third quarter valued at about $599,000. 4.00% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

UI has been the subject of several recent research reports. StockNews.com raised Ubiquiti from a "hold" rating to a "buy" rating in a report on Sunday, November 17th. Barclays upped their target price on Ubiquiti from $104.00 to $236.00 and gave the company an "underweight" rating in a research note on Monday, November 11th. Finally, BWS Financial increased their price objective on shares of Ubiquiti from $385.00 to $440.00 and gave the company a "buy" rating in a research note on Wednesday, January 15th.

Ubiquiti Price Performance

NYSE:UI traded up $15.04 during mid-day trading on Thursday, hitting $431.65. The company's stock had a trading volume of 77,063 shares, compared to its average volume of 97,454. Ubiquiti Inc. has a fifty-two week low of $104.24 and a fifty-two week high of $432.56. The company has a current ratio of 2.54, a quick ratio of 1.32 and a debt-to-equity ratio of 2.80. The stock has a fifty day moving average of $354.53 and a 200-day moving average of $260.69. The company has a market capitalization of $26.10 billion, a price-to-earnings ratio of 66.82 and a beta of 1.14.

Ubiquiti (NYSE:UI - Get Free Report) last issued its earnings results on Friday, November 8th. The company reported $2.12 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.75 by $0.37. Ubiquiti had a return on equity of 532.06% and a net margin of 19.36%. The business had revenue of $550.34 million during the quarter, compared to analysts' expectations of $535.03 million. As a group, equities analysts forecast that Ubiquiti Inc. will post 7.21 EPS for the current fiscal year.

Ubiquiti Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, November 25th. Investors of record on Monday, November 18th were given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 0.56%. The ex-dividend date was Monday, November 18th. Ubiquiti's dividend payout ratio (DPR) is currently 37.15%.

About Ubiquiti

Ubiquiti Inc develops networking technology for service providers, enterprises, and consumers. The company develops technology platforms for high-capacity distributed Internet access, unified information technology, and consumer electronics for professional, home, and personal use. Its service provider product platforms offer carrier-class network infrastructure for fixed wireless broadband, wireless backhaul systems, and routing and related software; and enterprise product platforms provide wireless LAN infrastructure, video surveillance products, switching and routing solutions, security gateways, door access systems, and other WLAN products.