BWS Financial reiterated their buy rating on shares of Ubiquiti (NYSE:UI - Free Report) in a research report report published on Friday,Benzinga reports. They currently have a $440.00 price target on the stock.
Separately, Barclays decreased their price objective on Ubiquiti from $236.00 to $222.00 and set an "underweight" rating for the company in a report on Monday, February 10th.
View Our Latest Stock Report on Ubiquiti
Ubiquiti Stock Performance
Shares of NYSE:UI traded up $19.57 during midday trading on Friday, reaching $302.83. The company's stock had a trading volume of 30,452 shares, compared to its average volume of 80,644. The firm has a market capitalization of $18.32 billion, a PE ratio of 41.14 and a beta of 1.31. The company has a quick ratio of 0.98, a current ratio of 2.22 and a debt-to-equity ratio of 1.31. The stock has a fifty day moving average of $332.77 and a 200 day moving average of $321.56. Ubiquiti has a twelve month low of $104.24 and a twelve month high of $469.98.
Ubiquiti (NYSE:UI - Get Free Report) last posted its quarterly earnings results on Friday, February 14th. The company reported $2.26 EPS for the quarter, beating the consensus estimate of $2.14 by $0.12. Ubiquiti had a return on equity of 296.82% and a net margin of 20.68%. During the same period in the previous year, the firm earned $1.36 earnings per share. On average, equities analysts expect that Ubiquiti will post 7.21 EPS for the current fiscal year.
Ubiquiti Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Monday, February 24th. Shareholders of record on Tuesday, February 18th were paid a dividend of $0.60 per share. The ex-dividend date was Tuesday, February 18th. This represents a $2.40 dividend on an annualized basis and a yield of 0.79%. Ubiquiti's dividend payout ratio (DPR) is presently 32.61%.
Insiders Place Their Bets
In related news, CAO Kevin Radigan sold 1,000 shares of the stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $347.99, for a total value of $347,990.00. Following the completion of the transaction, the chief accounting officer now owns 2,484 shares in the company, valued at $864,407.16. This represents a 28.70 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 93.10% of the stock is owned by corporate insiders.
Institutional Trading of Ubiquiti
Several hedge funds and other institutional investors have recently modified their holdings of UI. Versant Capital Management Inc increased its position in Ubiquiti by 484.2% during the first quarter. Versant Capital Management Inc now owns 111 shares of the company's stock worth $34,000 after buying an additional 92 shares during the last quarter. Farther Finance Advisors LLC raised its stake in shares of Ubiquiti by 47.0% in the fourth quarter. Farther Finance Advisors LLC now owns 122 shares of the company's stock valued at $40,000 after acquiring an additional 39 shares during the last quarter. Venturi Wealth Management LLC increased its position in Ubiquiti by 71.1% in the 4th quarter. Venturi Wealth Management LLC now owns 130 shares of the company's stock valued at $43,000 after acquiring an additional 54 shares in the last quarter. Blue Trust Inc. boosted its holdings in Ubiquiti by 78.8% in the fourth quarter. Blue Trust Inc. now owns 143 shares of the company's stock valued at $47,000 after acquiring an additional 63 shares during the last quarter. Finally, Financial Perspectives Inc lifted its stake in shares of Ubiquiti by 152.2% in the 4th quarter. Financial Perspectives Inc now owns 169 shares of the company's stock valued at $56,000 after purchasing an additional 102 shares during the period. Institutional investors and hedge funds own 4.00% of the company's stock.
About Ubiquiti
(
Get Free Report)
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.
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