3,753 Shares in Ubiquiti Inc. (NYSE:UI) Bought by Raymond James Financial Inc.

Raymond James Financial Inc. purchased a new position in Ubiquiti Inc. (NYSE:UI - Free Report) during the 4th quarter, according to its most recent disclosure with the SEC. The fund purchased 3,753 shares of the company's stock, valued at approximately $1,246,000.

A number of other large investors also recently modified their holdings of UI. Martingale Asset Management L P acquired a new stake in Ubiquiti during the fourth quarter worth about $373,000. Advisory Services Network LLC acquired a new stake in shares of Ubiquiti during the 4th quarter worth approximately $314,000. Abacus FCF Advisors LLC bought a new stake in shares of Ubiquiti during the fourth quarter valued at approximately $1,457,000. Renaissance Technologies LLC increased its position in shares of Ubiquiti by 1.2% during the fourth quarter. Renaissance Technologies LLC now owns 199,964 shares of the company's stock valued at $66,374,000 after purchasing an additional 2,400 shares during the period. Finally, Bank of Montreal Can lifted its position in Ubiquiti by 12.5% in the fourth quarter. Bank of Montreal Can now owns 1,208 shares of the company's stock worth $401,000 after purchasing an additional 134 shares during the period. 4.00% of the stock is currently owned by institutional investors and hedge funds.

Ubiquiti Price Performance

Shares of UI stock traded up $7.94 during trading hours on Wednesday, hitting $352.50. 132,450 shares of the company's stock were exchanged, compared to its average volume of 80,408. Ubiquiti Inc. has a 52 week low of $112.30 and a 52 week high of $469.98. The stock has a market cap of $21.32 billion, a price-to-earnings ratio of 47.89 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's 50-day moving average is $312.57 and its 200-day moving average is $333.13.

Ubiquiti (NYSE:UI - Get Free Report) last announced its earnings results on Friday, February 14th. The company reported $2.26 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 quarter last year, the business earned $1.36 EPS. As a group, research analysts forecast that Ubiquiti Inc. will post 7.21 EPS for the current year.

Ubiquiti Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, February 24th. Investors of record on Tuesday, February 18th were issued a $0.60 dividend. The ex-dividend date was Tuesday, February 18th. This represents a $2.40 dividend on an annualized basis and a yield of 0.68%. Ubiquiti's dividend payout ratio is presently 32.61%.

Insider Buying and Selling at Ubiquiti

In other Ubiquiti news, CAO Kevin Radigan sold 1,000 shares of Ubiquiti stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $347.99, for a total transaction of $347,990.00. Following the transaction, the chief accounting officer now directly owns 2,484 shares in the company, valued at approximately $864,407.16. The trade was a 28.70 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 93.10% of the company's stock.

Analyst Ratings Changes

Several research firms recently issued reports on UI. Barclays dropped their price target on shares of Ubiquiti from $236.00 to $222.00 and set an "underweight" rating for the company in a research report on Monday, February 10th. BWS Financial restated a "buy" rating and set a $440.00 target price on shares of Ubiquiti in a research report on Friday, April 4th.

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.