Ubiquiti's (UI) Buy Rating Reiterated at BWS Financial

BWS Financial reissued their buy rating on shares of Ubiquiti (NYSE:UI - Free Report) in a research note released on Monday morning,Benzinga reports. They currently have a $440.00 target price on the stock.

Several other equities research analysts have also recently weighed in on the stock. Barclays cut their price objective on shares of Ubiquiti from $236.00 to $222.00 and set an "underweight" rating for the company in a research report on Monday. StockNews.com raised Ubiquiti from a "hold" rating to a "buy" rating in a research note on Sunday, November 17th.

Ubiquiti Stock Down 5.8 %

UI traded down $22.77 during trading on Monday, reaching $367.24. The company had a trading volume of 322,678 shares, compared to its average volume of 110,657. The company has a debt-to-equity ratio of 2.80, a current ratio of 2.54 and a quick ratio of 1.32. Ubiquiti has a 12 month low of $104.24 and a 12 month high of $469.98. The business's fifty day moving average price is $369.19 and its 200 day moving average price is $282.06. The company has a market cap of $22.21 billion, a P/E ratio of 56.85 and a beta of 1.14.

Ubiquiti (NYSE:UI - Get Free Report) last announced its quarterly earnings results on Friday, February 14th. The company reported $2.26 earnings per share for the quarter, beating analysts' consensus estimates of $2.14 by $0.12. Ubiquiti had a net margin of 19.36% and a return on equity of 532.06%. Equities analysts anticipate that Ubiquiti will post 7.21 EPS for the current year.

Ubiquiti Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, February 24th. Stockholders of record on Tuesday, February 18th will be paid a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 0.65%. The ex-dividend date of this dividend is Tuesday, February 18th. Ubiquiti's dividend payout ratio is currently 37.15%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in UI. Pacer Advisors Inc. boosted its holdings in shares of Ubiquiti by 95.0% during the 4th quarter. Pacer Advisors Inc. now owns 61,825 shares of the company's stock worth $20,522,000 after buying an additional 30,118 shares in the last quarter. Proficio Capital Partners LLC bought a new position in shares of Ubiquiti in the 4th quarter worth $15,425,000. Zacks Investment Management bought a new position in shares of Ubiquiti in the 3rd quarter worth $8,892,000. JPMorgan Chase & Co. lifted its holdings in shares of Ubiquiti by 20.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 29,813 shares of the company's stock worth $6,610,000 after purchasing an additional 5,045 shares in the last quarter. Finally, Wealthfront Advisers LLC purchased a new stake in Ubiquiti in the 4th quarter valued at $9,274,000. Institutional investors and hedge funds own 4.00% of the company's stock.

Ubiquiti Company Profile

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.