4,758 Shares in Ubiquiti Inc. $UI Acquired by Inspire Investing LLC

Inspire Investing LLC bought a new position in shares of Ubiquiti Inc. (NYSE:UI) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 4,758 shares of the company’s stock, valued at approximately $2,633,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Wealthspire Advisors LLC raised its holdings in Ubiquiti by 3.3% during the fourth quarter. Wealthspire Advisors LLC now owns 506 shares of the company’s stock worth $280,000 after purchasing an additional 16 shares in the last quarter. PNC Financial Services Group Inc. raised its holdings in Ubiquiti by 7.1% during the third quarter. PNC Financial Services Group Inc. now owns 256 shares of the company’s stock worth $169,000 after purchasing an additional 17 shares in the last quarter. Stratos Wealth Partners LTD. raised its holdings in Ubiquiti by 3.0% during the fourth quarter. Stratos Wealth Partners LTD. now owns 659 shares of the company’s stock worth $365,000 after purchasing an additional 19 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in Ubiquiti by 0.8% during the third quarter. Dimensional Fund Advisors LP now owns 2,574 shares of the company’s stock worth $1,700,000 after purchasing an additional 20 shares in the last quarter. Finally, Blue Trust Inc. raised its holdings in Ubiquiti by 87.5% during the fourth quarter. Blue Trust Inc. now owns 45 shares of the company’s stock worth $25,000 after purchasing an additional 21 shares in the last quarter. Institutional investors own 4.00% of the company’s stock.

Ubiquiti Stock Performance

Ubiquiti stock opened at $562.09 on Thursday. The firm has a market cap of $34.02 billion, a price-to-earnings ratio of 36.12 and a beta of 1.29. Ubiquiti Inc. has a 1 year low of $368.42 and a 1 year high of $1,099.99. The firm’s 50 day moving average price is $768.74 and its two-hundred day moving average price is $694.57.

Ubiquiti (NYSE:UI) last posted its quarterly earnings results on Friday, May 8th. The company reported $3.88 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.29 by ($0.41). The business had revenue of $788.20 million during the quarter, compared to analyst estimates of $814.30 million. Ubiquiti had a return on equity of 95.62% and a net margin of 30.43%.The business’s revenue for the quarter was up 18.7% compared to the same quarter last year. As a group, equities analysts predict that Ubiquiti Inc. will post 14.82 EPS for the current fiscal year.

Ubiquiti Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 26th. Shareholders of record on Monday, May 18th were given a $0.80 dividend. The ex-dividend date was Monday, May 18th. This represents a $3.20 annualized dividend and a yield of 0.6%. Ubiquiti’s payout ratio is 20.57%.

Analyst Ratings Changes

Several equities research analysts recently commented on UI shares. BWS Financial reissued a “buy” rating and set a $980.00 target price on shares of Ubiquiti in a report on Monday, May 11th. Wall Street Zen cut Ubiquiti from a “buy” rating to a “hold” rating in a report on Monday, April 27th. Weiss Ratings cut Ubiquiti from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, May 29th. Zacks Research lowered shares of Ubiquiti from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 21st. Finally, Barclays lifted their price target on shares of Ubiquiti from $527.00 to $672.00 and gave the stock an “underweight” rating in a research report on Monday, May 11th. Two research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Ubiquiti has a consensus rating of “Hold” and an average price target of $750.67.

Ubiquiti Company Profile

Ubiquiti Inc (NYSE: UI) is a U.S.-based technology company that designs and sells networking and wireless communication products for enterprise, service provider and consumer markets. Its product portfolio includes Wi?Fi access points, routers and gateways, managed Ethernet switches, network management software, and IP surveillance systems. Ubiquiti’s offerings are organized under several well?known lines—most notably UniFi for managed LAN/Wi?Fi and networked video, AmpliFi for consumer Wi?Fi, and product families targeting service?provider and point?to?point wireless broadband applications.

The company emphasizes integrated hardware and software solutions, with centralized management and cloud?enabled control as core features of its platform approach.