Ubiquiti Inc. $UI Shares Bought by Russell Investments Group Ltd.

Key Points

• Russell Investments Group Ltd. increased its stake in Ubiquiti Inc. by 126.3% during Q1, now holding 9,465 shares valued at approximately $2.94 million.
• The company's recent quarterly earnings report showed an EPS of $3.54, exceeding expectations and reflecting a net margin of 27.66%.
• Ubiquiti has raised its quarterly dividend to $0.80 per share, indicating a more favorable yield and a payout ratio of 26.43%.

Russell Investments Group Ltd. increased its stake in shares of Ubiquiti Inc. (NYSE:UI - Free Report) by 126.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,465 shares of the company's stock after acquiring an additional 5,283 shares during the quarter. Russell Investments Group Ltd.'s holdings in Ubiquiti were worth $2,936,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of UI. TD Asset Management Inc purchased a new stake in shares of Ubiquiti in the first quarter valued at about $34,013,000. Pacer Advisors Inc. raised its position in shares of Ubiquiti by 76.2% in the first quarter. Pacer Advisors Inc. now owns 108,934 shares of the company's stock valued at $33,785,000 after buying an additional 47,109 shares during the last quarter. AQR Capital Management LLC raised its position in shares of Ubiquiti by 100.1% in the fourth quarter. AQR Capital Management LLC now owns 99,199 shares of the company's stock valued at $32,927,000 after buying an additional 49,616 shares during the last quarter. GAMMA Investing LLC increased its position in Ubiquiti by 37,116.4% during the first quarter. GAMMA Investing LLC now owns 40,938 shares of the company's stock worth $12,697,000 after purchasing an additional 40,828 shares during the last quarter. Finally, Nuveen LLC acquired a new position in Ubiquiti during the first quarter worth approximately $11,363,000. 4.00% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Barclays upped their price target on shares of Ubiquiti from $247.00 to $299.00 and gave the stock an "underweight" rating in a research report on Friday, August 22nd. BWS Financial upped their price target on shares of Ubiquiti from $440.00 to $600.00 and gave the stock a "buy" rating in a research report on Monday. Finally, UBS Group set a $600.00 price objective on shares of Ubiquiti in a research note on Monday. One research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $499.67.

Ubiquiti Trading Down 0.9%

NYSE UI traded down $4.73 during trading hours on Friday, reaching $527.56. 179,189 shares of the company traded hands, compared to its average volume of 114,727. Ubiquiti Inc. has a 12 month low of $186.40 and a 12 month high of $543.99. The stock has a market capitalization of $31.91 billion, a PE ratio of 44.82 and a beta of 1.35. The company has a 50 day moving average of $435.22 and a two-hundred day moving average of $376.47.

Ubiquiti (NYSE:UI - Get Free Report) last posted its quarterly earnings data on Friday, August 22nd. The company reported $3.54 EPS for the quarter, beating analysts' consensus estimates of $2.23 by $1.31. Ubiquiti had a net margin of 27.66% and a return on equity of 166.22%. The firm had revenue of $759.15 million for the quarter, compared to the consensus estimate of $618.80 million. During the same period in the prior year, the firm posted $1.74 EPS. On average, equities research analysts anticipate that Ubiquiti Inc. will post 7.21 earnings per share for the current year.

Ubiquiti Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 8th. Shareholders of record on Tuesday, September 2nd will be issued a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a dividend yield of 0.6%. This is a positive change from Ubiquiti's previous quarterly dividend of $0.60. The ex-dividend date of this dividend is Tuesday, September 2nd. Ubiquiti's dividend payout ratio is currently 27.19%.

Ubiquiti Profile

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.