Mercer Global Advisors Inc. ADV Acquires Shares of 1,019 Ubiquiti Inc. (NYSE:UI)

Mercer Global Advisors Inc. ADV acquired a new position in Ubiquiti Inc. (NYSE:UI - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 1,019 shares of the company's stock, valued at approximately $338,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Jane Street Group LLC increased its stake in shares of Ubiquiti by 826.2% in the 4th quarter. Jane Street Group LLC now owns 12,198 shares of the company's stock worth $4,049,000 after purchasing an additional 10,881 shares in the last quarter. AQR Capital Management LLC increased its stake in shares of Ubiquiti by 100.1% in the 4th quarter. AQR Capital Management LLC now owns 99,199 shares of the company's stock worth $32,927,000 after purchasing an additional 49,616 shares in the last quarter. Northern Trust Corp boosted its holdings in Ubiquiti by 54.2% in the 4th quarter. Northern Trust Corp now owns 25,476 shares of the company's stock worth $8,456,000 after buying an additional 8,955 shares during the period. Boothbay Fund Management LLC bought a new position in Ubiquiti in the 4th quarter worth $211,000. Finally, Integrated Wealth Concepts LLC bought a new position in Ubiquiti in the 4th quarter worth $205,000. 4.00% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. BWS Financial reaffirmed a "buy" rating and issued a $440.00 target price on shares of Ubiquiti in a report on Monday, May 12th. Barclays upped their target price on shares of Ubiquiti from $222.00 to $247.00 and gave the stock an "underweight" rating in a report on Monday, May 12th.

Ubiquiti Price Performance

Ubiquiti stock traded up $14.68 during mid-day trading on Friday, hitting $435.45. The stock had a trading volume of 87,114 shares, compared to its average volume of 81,850. The firm has a market capitalization of $26.34 billion, a P/E ratio of 59.16 and a beta of 1.32. The company has a current ratio of 2.22, a quick ratio of 0.98 and a debt-to-equity ratio of 1.31. The firm's 50 day moving average is $326.96 and its 200 day moving average is $341.13. Ubiquiti Inc. has a one year low of $139.06 and a one year high of $469.98.

Ubiquiti (NYSE:UI - Get Free Report) last issued its earnings results on Friday, February 14th. The company reported $2.26 earnings per share for the quarter, topping the consensus estimate of $2.14 by $0.12. Ubiquiti had a net margin of 20.68% and a return on equity of 296.82%. During the same period in the prior year, the company posted $1.36 earnings per share. On average, sell-side analysts forecast that Ubiquiti Inc. will post 7.21 earnings per share for the current fiscal year.

Ubiquiti Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 27th. Shareholders of record on Monday, May 19th will be issued a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 0.55%. The ex-dividend date of this dividend is Monday, May 19th. Ubiquiti's dividend payout ratio (DPR) is presently 26.43%.

Ubiquiti Company 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.