BWS Financial Boosts Ubiquiti (NYSE:UI) Price Target to $385.00

Ubiquiti (NYSE:UI) had its target price boosted by BWS Financial from $240.00 to $385.00 in a report released on Monday morning,Benzinga reports. BWS Financial currently has a buy rating on the stock.

Several other analysts have also issued reports on the stock. Barclays upped their price target on shares of Ubiquiti from $104.00 to $236.00 and gave the company an “underweight” rating in a research report on Monday. StockNews.com cut Ubiquiti from a “buy” rating to a “hold” rating in a report on Tuesday, September 3rd.

Ubiquiti Stock Up 1.7 %

UI opened at $343.12 on Monday. The company has a quick ratio of 1.59, a current ratio of 2.54 and a debt-to-equity ratio of 2.80. The business’s fifty day simple moving average is $240.05 and its 200 day simple moving average is $185.22. Ubiquiti has a 52 week low of $104.24 and a 52 week high of $355.31. The stock has a market cap of $20.75 billion, a PE ratio of 53.11 and a beta of 1.13.

Ubiquiti (NYSE:UI) last announced its quarterly earnings data on Friday, August 23rd. The company reported $1.74 earnings per share for the quarter, missing analysts’ consensus estimates of $1.91 by ($0.17). The firm had revenue of $507.50 million for the quarter, compared to analysts’ expectations of $538.23 million. Ubiquiti had a net margin of 19.36% and a return on equity of 532.06%. Ubiquiti’s revenue for the quarter was up 3.3% on a year-over-year basis. As a group, research analysts expect that Ubiquiti will post 7.09 earnings per share for the current fiscal year.

Ubiquiti Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 25th. Stockholders of record on Monday, November 18th will be paid a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 0.70%. The ex-dividend date of this dividend is Monday, November 18th. Ubiquiti’s dividend payout ratio (DPR) is 37.15%.

Institutional Trading of Ubiquiti

Several large investors have recently modified their holdings of UI. Edgestream Partners L.P. purchased a new position in Ubiquiti during the 3rd quarter valued at $1,121,000. Verition Fund Management LLC purchased a new position in shares of Ubiquiti during the third quarter valued at about $626,000. FMR LLC raised its stake in Ubiquiti by 200.8% in the third quarter. FMR LLC now owns 2,764 shares of the company’s stock worth $613,000 after buying an additional 1,845 shares in the last quarter. The Manufacturers Life Insurance Company purchased a new stake in Ubiquiti in the third quarter worth about $244,000. Finally, Harvest Fund Management Co. Ltd bought a new stake in Ubiquiti during the 3rd quarter valued at approximately $126,000. 4.00% of the stock is owned by institutional investors.

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.