BWS Financial Reaffirms “Buy” Rating for Ubiquiti (NYSE:UI)

BWS Financial reiterated their buy rating on shares of Ubiquiti (NYSE:UI) in a report released on Monday,Benzinga reports. The firm currently has a $440.00 price target on the stock.

A number of other research firms also recently weighed in on UI. StockNews.com upgraded Ubiquiti from a “hold” rating to a “buy” rating in a research note on Sunday, November 17th. Barclays lowered their price target on shares of Ubiquiti from $236.00 to $222.00 and set an “underweight” rating on the stock in a research note on Monday.

Ubiquiti Trading Down 1.2 %

NYSE:UI opened at $344.07 on Monday. The company has a market capitalization of $20.81 billion, a PE ratio of 53.26 and a beta of 1.14. Ubiquiti has a 52-week low of $104.24 and a 52-week high of $469.98. The stock’s 50 day moving average price is $369.31 and its 200 day moving average price is $284.64. The company has a quick ratio of 1.32, a current ratio of 2.54 and a debt-to-equity ratio of 2.80.

Ubiquiti (NYSE:UI) last announced its earnings results on Friday, February 14th. The company reported $2.26 earnings per share for the quarter, topping the consensus estimate of $2.14 by $0.12. Ubiquiti had a net margin of 19.36% and a return on equity of 532.06%. On average, research analysts anticipate that Ubiquiti will post 7.21 EPS for the current year.

Ubiquiti Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, February 24th. Investors of record on Tuesday, February 18th will be paid a $0.60 dividend. The ex-dividend date is Tuesday, February 18th. This represents a $2.40 annualized dividend and a yield of 0.70%. Ubiquiti’s payout ratio is currently 37.15%.

Hedge Funds Weigh In On Ubiquiti

Institutional investors and hedge funds have recently bought and sold shares of the stock. Huntington National Bank boosted its stake in shares of 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 purchasing an additional 91 shares during the period. Farther Finance Advisors LLC boosted its stake in shares of 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 purchasing an additional 39 shares during the period. Venturi Wealth Management LLC boosted its stake in shares of Ubiquiti by 71.1% in the fourth quarter. Venturi Wealth Management LLC now owns 130 shares of the company’s stock valued at $43,000 after purchasing an additional 54 shares during the period. Raleigh Capital Management Inc. purchased a new position in shares of Ubiquiti in the third quarter valued at $47,000. Finally, Blue Trust Inc. boosted its stake in shares of Ubiquiti by 78.8% in the fourth 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. Institutional investors and hedge funds own 4.00% of the company’s stock.

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.