BWS Financial Reaffirms “Buy” Rating for Ubiquiti (NYSE:UI)

BWS Financial reissued their buy rating on shares of Ubiquiti (NYSE:UI) in a research report report published on Friday morning,Benzinga reports. They currently have a $440.00 target price on the stock.

Separately, Barclays cut their target price on Ubiquiti from $236.00 to $222.00 and set an “underweight” rating on the stock in a research note on Monday, February 10th.

Ubiquiti Stock Down 5.4 %

NYSE UI opened at $274.04 on Friday. The company has a quick ratio of 0.98, a current ratio of 2.22 and a debt-to-equity ratio of 1.31. Ubiquiti has a 52 week low of $104.24 and a 52 week high of $469.98. The firm has a market capitalization of $16.58 billion, a price-to-earnings ratio of 37.23 and a beta of 1.31. The company has a fifty day moving average of $339.36 and a two-hundred day moving average of $319.34.

Ubiquiti (NYSE:UI) last released its quarterly earnings results on Friday, February 14th. The company reported $2.26 EPS for the quarter, topping analysts’ consensus estimates of $2.14 by $0.12. Ubiquiti had a net margin of 20.68% and a return on equity of 296.82%. During the same quarter in the previous year, the firm posted $1.36 earnings per share. On average, analysts predict that Ubiquiti will post 7.21 earnings per share for the current year.

Ubiquiti Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, February 24th. Investors of record on Tuesday, February 18th were paid a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 0.88%. The ex-dividend date of this dividend was Tuesday, February 18th. Ubiquiti’s dividend payout ratio is presently 32.61%.

Insider Activity at Ubiquiti

In related news, CAO Kevin Radigan sold 1,000 shares of the stock in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of $347.99, for a total value of $347,990.00. Following the transaction, the chief accounting officer now owns 2,484 shares of the company’s stock, valued at $864,407.16. This represents a 28.70 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 93.10% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Ubiquiti

Several hedge funds have recently made changes to their positions in UI. Versor Investments LP raised its holdings in shares of Ubiquiti by 254.5% in the fourth quarter. Versor Investments LP now owns 3,900 shares of the company’s stock valued at $1,295,000 after acquiring an additional 2,800 shares in the last quarter. Barclays PLC increased its position 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 period. Convergence Investment Partners LLC bought a new stake in shares of Ubiquiti in the 4th quarter valued at about $2,180,000. MML Investors Services LLC purchased a new stake in shares of Ubiquiti in the 3rd quarter worth approximately $327,000. Finally, Monument Capital Management bought a new position in shares of Ubiquiti during the fourth quarter valued at approximately $354,000. 4.00% of the stock is currently owned by hedge funds and other institutional investors.

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.