Barclays PLC lowered its position in shares of Ubiquiti Inc. (NYSE:UI - Free Report) by 21.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 10,493 shares of the company's stock after selling 2,854 shares during the period. Barclays PLC's holdings in Ubiquiti were worth $3,483,000 at the end of the most recent reporting period.
Several other institutional investors have also recently modified their holdings of the company. Farther Finance Advisors LLC lifted its stake in Ubiquiti by 47.0% in the fourth quarter. Farther Finance Advisors LLC now owns 122 shares of the company's stock worth $40,000 after purchasing an additional 39 shares during the last quarter. Venturi Wealth Management LLC increased its holdings in shares of Ubiquiti by 71.1% in the fourth quarter. Venturi Wealth Management LLC now owns 130 shares of the company's stock worth $43,000 after buying an additional 54 shares during the period. Blue Trust Inc. lifted its stake in shares of Ubiquiti by 78.8% in the 4th quarter. Blue Trust Inc. now owns 143 shares of the company's stock valued at $47,000 after acquiring an additional 63 shares during the last quarter. Sterling Capital Management LLC boosted its holdings in Ubiquiti by 30.2% during the 4th quarter. Sterling Capital Management LLC now owns 168 shares of the company's stock valued at $56,000 after acquiring an additional 39 shares during the period. Finally, Financial Perspectives Inc grew its position in Ubiquiti by 152.2% during the 4th quarter. Financial Perspectives Inc now owns 169 shares of the company's stock worth $56,000 after acquiring an additional 102 shares during the last quarter. 4.00% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
A number of research firms have recently weighed in on UI. Barclays dropped their price objective on Ubiquiti from $236.00 to $222.00 and set an "underweight" rating for the company in a research note on Monday, February 10th. BWS Financial reissued a "buy" rating and set a $440.00 price target on shares of Ubiquiti in a research report on Friday, April 4th.
Get Our Latest Research Report on Ubiquiti
Ubiquiti Trading Up 2.4 %
UI traded up $8.18 during midday trading on Friday, reaching $343.01. 48,227 shares of the company's stock traded hands, compared to its average volume of 80,216. Ubiquiti Inc. has a 52 week low of $110.32 and a 52 week high of $469.98. The company has a debt-to-equity ratio of 1.31, a current ratio of 2.22 and a quick ratio of 0.98. The firm has a fifty day moving average of $312.28 and a two-hundred day moving average of $331.83. The stock has a market capitalization of $20.75 billion, a price-to-earnings ratio of 46.60 and a beta of 1.31.
Ubiquiti (NYSE:UI - Get Free Report) last announced its earnings results on Friday, February 14th. The company reported $2.26 EPS for the quarter, beating analysts' consensus estimates of $2.14 by $0.12. Ubiquiti had a return on equity of 296.82% and a net margin of 20.68%. During the same quarter in the prior year, the firm earned $1.36 earnings per share. On average, equities analysts anticipate that Ubiquiti Inc. will post 7.21 earnings per share for the current fiscal year.
Ubiquiti Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Monday, February 24th. Stockholders of record on Tuesday, February 18th were paid a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 0.70%. The ex-dividend date of this dividend was Tuesday, February 18th. Ubiquiti's payout ratio is 32.61%.
Insider Activity at Ubiquiti
In other Ubiquiti news, CAO Kevin Radigan sold 1,000 shares of Ubiquiti stock in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of $347.99, for a total transaction of $347,990.00. Following the sale, the chief accounting officer now directly owns 2,484 shares of the company's stock, valued at approximately $864,407.16. The trade was a 28.70 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 93.10% of the stock is owned by corporate insiders.
Ubiquiti Company Profile
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Free Report)
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.
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