Ubiquiti Inc. (NYSE:UI) Shares Purchased by Pacer Advisors Inc.

Pacer Advisors Inc. raised its holdings in Ubiquiti Inc. (NYSE:UI) by 95.0% during the fourth quarter, Holdings Channel reports. The institutional investor owned 61,825 shares of the company’s stock after buying an additional 30,118 shares during the period. Pacer Advisors Inc.’s holdings in Ubiquiti were worth $20,522,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of UI. Huntington National Bank lifted its position in Ubiquiti by 267.6% in the third quarter. Huntington National Bank now owns 125 shares of the company’s stock valued at $28,000 after acquiring an additional 91 shares during the last quarter. Raleigh Capital Management Inc. purchased a new stake in shares of Ubiquiti in the 3rd quarter valued at about $47,000. Blue Trust Inc. boosted its position in shares of Ubiquiti by 78.8% in the 4th quarter. Blue Trust Inc. now owns 143 shares of the company’s stock valued at $47,000 after purchasing an additional 63 shares during the period. Hanseatic Management Services Inc. purchased a new position in Ubiquiti during the 3rd quarter worth approximately $76,000. Finally, Harvest Fund Management Co. Ltd acquired a new position in Ubiquiti during the third quarter worth approximately $126,000. 4.00% of the stock is owned by hedge funds and other institutional investors.

Ubiquiti Price Performance

Ubiquiti stock opened at $396.76 on Wednesday. The business has a 50 day simple moving average of $359.36 and a 200-day simple moving average of $267.02. Ubiquiti Inc. has a 12 month low of $104.24 and a 12 month high of $438.12. The company has a debt-to-equity ratio of 2.80, a current ratio of 2.54 and a quick ratio of 1.32. The stock has a market capitalization of $23.99 billion, a PE ratio of 61.42 and a beta of 1.14.

Ubiquiti (NYSE:UI) last released its earnings results on Friday, November 8th. The company reported $2.12 EPS for the quarter, topping the consensus estimate of $1.75 by $0.37. Ubiquiti had a net margin of 19.36% and a return on equity of 532.06%. The company had revenue of $550.34 million during the quarter, compared to analysts’ expectations of $535.03 million. Equities analysts predict that Ubiquiti Inc. will post 7.21 earnings per share for the current year.

Ubiquiti Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, November 25th. Shareholders of record on Monday, November 18th were given a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 0.60%. The ex-dividend date of this dividend was Monday, November 18th. Ubiquiti’s payout ratio is 37.15%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on UI shares. StockNews.com raised Ubiquiti from a “hold” rating to a “buy” rating in a report on Sunday, November 17th. BWS Financial lifted their price objective on shares of Ubiquiti from $385.00 to $440.00 and gave the company a “buy” rating in a research note on Wednesday, January 15th. Finally, Barclays increased their target price on shares of Ubiquiti from $104.00 to $236.00 and gave the stock an “underweight” rating in a research note on Monday, November 11th.

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.