Independent Advisor Alliance Makes New $5.97 Million Investment in Ubiquiti Inc. $UI

Independent Advisor Alliance bought a new position in shares of Ubiquiti Inc. (NYSE:UI) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 10,795 shares of the company’s stock, valued at approximately $5,973,000.

A number of other large investors have also recently added to or reduced their stakes in UI. Wealth Enhancement Advisory Services LLC boosted its position in Ubiquiti by 244.3% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 155,916 shares of the company’s stock worth $88,815,000 after purchasing an additional 110,632 shares during the period. M&T Bank Corp boosted its position in Ubiquiti by 7,845.7% during the fourth quarter. M&T Bank Corp now owns 98,527 shares of the company’s stock worth $54,520,000 after purchasing an additional 97,287 shares during the period. Capital World Investors boosted its position in Ubiquiti by 315.9% during the third quarter. Capital World Investors now owns 86,086 shares of the company’s stock worth $56,867,000 after purchasing an additional 65,386 shares during the period. Arrowstreet Capital Limited Partnership boosted its position in Ubiquiti by 47.4% during the third quarter. Arrowstreet Capital Limited Partnership now owns 163,960 shares of the company’s stock worth $108,309,000 after purchasing an additional 52,744 shares during the period. Finally, Qube Research & Technologies Ltd boosted its position in Ubiquiti by 380.4% during the second quarter. Qube Research & Technologies Ltd now owns 53,158 shares of the company’s stock worth $21,882,000 after purchasing an additional 42,092 shares during the period. Institutional investors own 4.00% of the company’s stock.

Ubiquiti Stock Down 4.8%

Shares of UI stock opened at $703.43 on Wednesday. Ubiquiti Inc. has a 12 month low of $368.42 and a 12 month high of $1,099.99. The firm has a market cap of $42.57 billion, a PE ratio of 45.21 and a beta of 1.46. The stock has a 50 day moving average of $870.92 and a 200-day moving average of $704.41.

Ubiquiti (NYSE:UI) last issued its quarterly earnings results on Friday, May 8th. The company reported $3.88 EPS for the quarter, missing analysts’ consensus estimates of $4.29 by ($0.41). The business had revenue of $788.20 million for 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 company’s revenue was up 18.7% compared to the same quarter last year. As a group, equities analysts predict that Ubiquiti Inc. will post 14.04 EPS for the current fiscal year.

Ubiquiti Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, May 26th. Investors of record on Monday, May 18th will be paid a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date is Monday, May 18th. Ubiquiti’s dividend payout ratio is presently 20.57%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Weiss Ratings upgraded Ubiquiti from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, March 23rd. Wall Street Zen lowered Ubiquiti from a “buy” rating to a “hold” rating in a report on Monday, April 27th. Zacks Research lowered Ubiquiti from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 21st. Barclays upped their price target on Ubiquiti from $527.00 to $672.00 and gave the stock an “underweight” rating in a report on Monday. Finally, BWS Financial reiterated a “buy” rating and set a $980.00 price target on shares of Ubiquiti in a report on Monday. Two analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Ubiquiti presently has a consensus rating of “Hold” and a consensus target price 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.