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

Mercer Global Advisors Inc. ADV purchased a new position in shares of Ubiquiti Inc. (NYSE:UI - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 1,019 shares of the company's stock, valued at approximately $338,000.

Other institutional investors also recently modified their holdings of the company. Caprock Group LLC boosted its holdings in Ubiquiti by 2.3% in the fourth quarter. Caprock Group LLC now owns 1,085 shares of the company's stock valued at $360,000 after acquiring an additional 24 shares during the last quarter. National Bank of Canada FI raised its stake in Ubiquiti by 10.4% during the fourth quarter. National Bank of Canada FI now owns 350 shares of the company's stock worth $116,000 after buying an additional 33 shares during the last quarter. Farther Finance Advisors LLC lifted its holdings in Ubiquiti by 47.0% in the fourth quarter. Farther Finance Advisors LLC now owns 122 shares of the company's stock valued at $40,000 after buying an additional 39 shares during the period. Sterling Capital Management LLC boosted its position in Ubiquiti by 30.2% during the fourth 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 last quarter. Finally, Hanseatic Management Services Inc. grew its holdings in Ubiquiti by 12.0% during the 4th quarter. Hanseatic Management Services Inc. now owns 384 shares of the company's stock worth $127,000 after acquiring an additional 41 shares during the period. 4.00% of the stock is currently owned by institutional investors and hedge funds.

Ubiquiti Stock Performance

NYSE:UI traded down $18.00 on Tuesday, reaching $411.71. 13,969 shares of the company's stock were exchanged, compared to its average volume of 81,560. The firm has a market cap of $24.90 billion, a price-to-earnings ratio of 55.94 and a beta of 1.32. 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 stock has a fifty day simple moving average of $329.38 and a 200-day simple moving average of $343.32. Ubiquiti Inc. has a 52 week low of $139.06 and a 52 week high of $469.98.

Ubiquiti (NYSE:UI - Get Free Report) last issued its quarterly earnings results on Friday, February 14th. The company reported $2.26 earnings per share (EPS) for the quarter, topping the consensus estimate 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 last year, the company earned $1.36 earnings per share. As a group, sell-side analysts predict that Ubiquiti Inc. will post 7.21 earnings per share for the current year.

Ubiquiti Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 27th. Stockholders of record on Monday, May 19th will be given a $0.60 dividend. The ex-dividend date is Monday, May 19th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 0.58%. Ubiquiti's dividend payout ratio is currently 26.43%.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on UI. BWS Financial reaffirmed a "buy" rating and set a $440.00 price objective on shares of Ubiquiti in a research report on Monday, May 12th. Barclays raised their target price on Ubiquiti from $222.00 to $247.00 and gave the company an "underweight" rating in a research note on Monday, May 12th.

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.