Impact Partnership Wealth LLC Invests $318,000 in Ubiquiti Inc. (NYSE:UI)

Impact Partnership Wealth LLC acquired a new stake in Ubiquiti Inc. (NYSE:UI) in the fourth quarter, Holdings Channel reports. The institutional investor acquired 957 shares of the company’s stock, valued at approximately $318,000.

Several other hedge funds have also recently added to or reduced their stakes in UI. Marshall Wace LLP raised its position in shares of Ubiquiti by 104.4% in the 2nd quarter. Marshall Wace LLP now owns 5,980 shares of the company’s stock valued at $871,000 after acquiring an additional 3,054 shares during the period. AQR Capital Management LLC raised its holdings in Ubiquiti by 88.8% in the second quarter. AQR Capital Management LLC now owns 23,546 shares of the company’s stock worth $3,372,000 after purchasing an additional 11,076 shares during the period. Maverick Capital Ltd. raised its holdings in Ubiquiti by 76.3% in the second quarter. Maverick Capital Ltd. now owns 19,093 shares of the company’s stock worth $2,781,000 after purchasing an additional 8,264 shares during the period. Millennium Management LLC boosted its position in shares of Ubiquiti by 86.2% during the second quarter. Millennium Management LLC now owns 58,349 shares of the company’s stock worth $8,499,000 after purchasing an additional 27,011 shares in the last quarter. Finally, Creative Planning grew its holdings in shares of Ubiquiti by 28.4% in the 2nd quarter. Creative Planning now owns 2,643 shares of the company’s stock valued at $385,000 after buying an additional 585 shares during the period. Institutional investors and hedge funds own 4.00% of the company’s stock.

Ubiquiti Stock Performance

UI opened at $430.18 on Friday. 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 company has a market capitalization of $26.01 billion, a price-to-earnings ratio of 66.59 and a beta of 1.14. The business’s 50-day moving average price is $356.30 and its two-hundred day moving average price is $261.87. Ubiquiti Inc. has a 1 year low of $104.24 and a 1 year high of $438.12.

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

Ubiquiti Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, November 25th. Investors of record on Monday, November 18th were given a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 0.56%. The ex-dividend date was Monday, November 18th. Ubiquiti’s dividend payout ratio (DPR) is currently 37.15%.

Analysts Set New Price Targets

UI has been the topic of several recent analyst reports. StockNews.com upgraded Ubiquiti from a “hold” rating to a “buy” rating in a report on Sunday, November 17th. Barclays boosted their price objective on Ubiquiti from $104.00 to $236.00 and gave the company an “underweight” rating in a research report on Monday, November 11th. Finally, BWS Financial raised their target price on shares of Ubiquiti from $385.00 to $440.00 and gave the stock a “buy” rating in a report on Wednesday, January 15th.

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.