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

BWS Financial reissued their buy rating on shares of Ubiquiti (NYSE:UI) in a research note issued to investors on Thursday,Benzinga reports. They currently have a $980.00 price target on the stock.

Several other equities research analysts have also issued reports on the stock. Zacks Research lowered shares of Ubiquiti from a “strong-buy” rating to a “hold” rating in a report on Friday, August 14th. Weiss Ratings downgraded shares of Ubiquiti from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, August 21st. Finally, Barclays dropped their price target on shares of Ubiquiti from $672.00 to $489.00 and set an “underweight” rating for the company in a research report on Monday, August 24th. One investment analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $734.50.

Ubiquiti Stock Performance

NYSE:UI opened at $601.03 on Thursday. The stock has a 50-day simple moving average of $553.37 and a two-hundred day simple moving average of $690.24. The firm has a market capitalization of $36.38 billion, a PE ratio of 37.92 and a beta of 1.31. Ubiquiti has a 52-week low of $505.73 and a 52-week high of $1,099.99.

Ubiquiti (NYSE:UI) last posted its quarterly earnings data on Friday, August 21st. The company reported $4.73 EPS for the quarter, topping the consensus estimate of $4.03 by $0.70. Ubiquiti had a return on equity of 85.57% and a net margin of 29.33%.The firm had revenue of $937.32 million for the quarter, compared to the consensus estimate of $850.50 million. During the same quarter last year, the company earned $4.41 earnings per share. Equities analysts forecast that Ubiquiti will post 15.53 earnings per share for the current fiscal year.

Ubiquiti Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 8th. Shareholders of record on Monday, August 31st will be paid a $1.00 dividend. This represents a $4.00 annualized dividend and a yield of 0.7%. The ex-dividend date is Monday, August 31st. This is an increase from Ubiquiti’s previous quarterly dividend of $0.80. Ubiquiti’s dividend payout ratio is presently 20.19%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Vision Retirement LLC bought a new stake in shares of Ubiquiti in the first quarter worth about $25,000. Quarry LP bought a new position in Ubiquiti during the third quarter valued at approximately $34,000. Compass Financial Management LLC purchased a new position in Ubiquiti during the 2nd quarter valued at approximately $35,000. CIBC Private Wealth Group LLC grew its holdings in Ubiquiti by 238.1% during the 4th quarter. CIBC Private Wealth Group LLC now owns 71 shares of the company’s stock valued at $39,000 after buying an additional 50 shares in the last quarter. Finally, Cherry Tree Wealth Management LLC grew its holdings in Ubiquiti by 50.0% during the 4th quarter. Cherry Tree Wealth Management LLC now owns 75 shares of the company’s stock valued at $42,000 after buying an additional 25 shares in the last quarter. Hedge funds and other institutional investors own 4.00% of the company’s stock.

About Ubiquiti

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.