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

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

A number of other research analysts also recently issued reports on UI. StockNews.com raised Ubiquiti from a “hold” rating to a “buy” rating in a report on Sunday, November 17th. Barclays lowered their price target on shares of Ubiquiti from $236.00 to $222.00 and set an “underweight” rating on the stock in a report on Monday.

Ubiquiti Stock Down 1.2 %

Shares of Ubiquiti stock opened at $344.07 on Monday. The company has a debt-to-equity ratio of 2.80, a current ratio of 2.54 and a quick ratio of 1.32. The stock has a market cap of $20.81 billion, a price-to-earnings ratio of 53.26 and a beta of 1.14. The firm’s 50-day moving average is $369.31 and its two-hundred day moving average is $284.64. Ubiquiti has a 1 year low of $104.24 and a 1 year high of $469.98.

Ubiquiti (NYSE:UI) last issued its quarterly earnings data on Friday, February 14th. The company reported $2.26 earnings per share for the quarter, beating analysts’ consensus estimates of $2.14 by $0.12. Ubiquiti had a return on equity of 532.06% and a net margin of 19.36%. As a group, research analysts expect that Ubiquiti will post 7.21 earnings per share for the current fiscal year.

Ubiquiti Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, February 24th. Investors of record on Tuesday, February 18th will be given a $0.60 dividend. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $2.40 annualized dividend and a yield of 0.70%. Ubiquiti’s payout ratio is 37.15%.

Hedge Funds Weigh In On Ubiquiti

Hedge funds have recently made changes to their positions in the stock. Caprock Group LLC boosted its stake in shares of Ubiquiti by 2.3% in the 4th quarter. Caprock Group LLC now owns 1,085 shares of the company’s stock valued at $360,000 after buying an additional 24 shares during the period. National Bank of Canada FI grew its holdings in Ubiquiti by 10.4% during the 4th quarter. National Bank of Canada FI now owns 350 shares of the company’s stock worth $116,000 after acquiring an additional 33 shares in the last quarter. Farther Finance Advisors LLC increased its position in shares of Ubiquiti by 47.0% in the 4th quarter. Farther Finance Advisors LLC now owns 122 shares of the company’s stock valued at $40,000 after purchasing an additional 39 shares during the last quarter. Hanseatic Management Services Inc. raised its holdings in shares of Ubiquiti by 12.0% in the 4th quarter. Hanseatic Management Services Inc. now owns 384 shares of the company’s stock valued at $127,000 after purchasing an additional 41 shares in the last quarter. Finally, Venturi Wealth Management LLC lifted its position in shares of Ubiquiti by 71.1% during the 4th quarter. Venturi Wealth Management LLC now owns 130 shares of the company’s stock worth $43,000 after purchasing an additional 54 shares during the last quarter. Hedge funds and other institutional investors own 4.00% of the company’s stock.

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.