Vest Financial LLC Purchases 638 Shares of Ubiquiti Inc. $UI

Vest Financial LLC lifted its position in shares of Ubiquiti Inc. (NYSE:UI) by 49.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,941 shares of the company’s stock after purchasing an additional 638 shares during the period. Vest Financial LLC’s holdings in Ubiquiti were worth $1,074,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Blue Trust Inc. boosted its holdings in Ubiquiti by 87.5% in the fourth quarter. Blue Trust Inc. now owns 45 shares of the company’s stock valued at $25,000 after acquiring an additional 21 shares during the last quarter. Cherry Tree Wealth Management LLC bought a new stake in Ubiquiti in the third quarter valued at approximately $33,000. Quarry LP bought a new stake in Ubiquiti in the third quarter valued at approximately $34,000. Exchange Traded Concepts LLC boosted its holdings in Ubiquiti by 31.0% in the third quarter. Exchange Traded Concepts LLC now owns 76 shares of the company’s stock valued at $50,000 after acquiring an additional 18 shares during the last quarter. Finally, Flagship Harbor Advisors LLC bought a new stake in Ubiquiti in the fourth quarter valued at approximately $65,000. 4.00% of the stock is currently owned by institutional investors.

Ubiquiti Stock Performance

Shares of UI opened at $1,014.78 on Friday. Ubiquiti Inc. has a 52-week low of $333.33 and a 52-week high of $1,099.99. The business’s 50 day moving average price is $855.91 and its two-hundred day moving average price is $698.64. The firm has a market cap of $61.41 billion, a PE ratio of 69.13 and a beta of 1.32.

Ubiquiti (NYSE:UI) last issued its quarterly earnings results on Friday, February 6th. The company reported $3.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.08 by $0.80. Ubiquiti had a return on equity of 113.21% and a net margin of 29.90%.The firm had revenue of $814.87 million for the quarter, compared to analyst estimates of $716.95 million. During the same period in the previous year, the firm earned $2.28 earnings per share. The company’s revenue was up 35.8% compared to the same quarter last year. Research analysts predict that Ubiquiti Inc. will post 14.04 EPS for the current fiscal year.

Ubiquiti Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, February 23rd. Shareholders of record on Tuesday, February 17th were paid a $0.80 dividend. The ex-dividend date of this dividend was Tuesday, February 17th. This represents a $3.20 annualized dividend and a yield of 0.3%. Ubiquiti’s payout ratio is 21.80%.

Analyst Upgrades and Downgrades

Several brokerages recently commented on UI. Weiss Ratings upgraded Ubiquiti from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, March 23rd. Barclays upped their target price on Ubiquiti from $455.00 to $527.00 and gave the company an “underweight” rating in a report on Friday, February 6th. BWS Financial upped their target price on Ubiquiti from $720.00 to $980.00 and gave the company a “buy” rating in a report on Monday, April 13th. Zacks Research cut Ubiquiti from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 21st. Finally, Wall Street Zen cut Ubiquiti from a “buy” rating to a “hold” rating in a report on Monday. Two research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $702.33.

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.