Dimensional Fund Advisors LP Cuts Stake in Ubiquiti Inc. (NYSE:UI)

Dimensional Fund Advisors LP decreased its stake in Ubiquiti Inc. (NYSE:UI) by 3.3% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,415 shares of the company’s stock after selling 82 shares during the period. Dimensional Fund Advisors LP’s holdings in Ubiquiti were worth $802,000 as of its most recent filing with the SEC.

Other hedge funds have also added to or reduced their stakes in the company. Farther Finance Advisors LLC raised its holdings in Ubiquiti by 47.0% during the 4th quarter. Farther Finance Advisors LLC now owns 122 shares of the company’s stock valued at $40,000 after acquiring an additional 39 shares during the period. Venturi Wealth Management LLC raised its stake in shares of Ubiquiti by 71.1% during the 4th 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. Blue Trust Inc. lifted its holdings in Ubiquiti by 78.8% during the 4th quarter. Blue Trust Inc. now owns 143 shares of the company’s stock worth $47,000 after purchasing an additional 63 shares in the last quarter. Financial Perspectives Inc lifted its holdings in Ubiquiti by 152.2% during the 4th quarter. Financial Perspectives Inc now owns 169 shares of the company’s stock worth $56,000 after purchasing an additional 102 shares in the last quarter. Finally, Sterling Capital Management LLC boosted its stake in Ubiquiti by 30.2% in the 4th quarter. Sterling Capital Management LLC now owns 168 shares of the company’s stock worth $56,000 after purchasing an additional 39 shares during the period. Institutional investors own 4.00% of the company’s stock.

Ubiquiti Stock Performance

NYSE:UI opened at $435.45 on Friday. The stock has a market cap of $26.34 billion, a P/E ratio of 59.16 and a beta of 1.32. The company has a quick ratio of 0.98, a current ratio of 2.22 and a debt-to-equity ratio of 1.31. The business’s 50-day moving average price is $326.96 and its two-hundred day moving average price is $341.13. Ubiquiti Inc. has a twelve month low of $139.06 and a twelve month high of $469.98.

Ubiquiti (NYSE:UI) last announced its earnings results on Friday, February 14th. The company reported $2.26 earnings per share for the quarter, beating 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 period in the prior year, the company earned $1.36 EPS. As a group, equities analysts predict that Ubiquiti Inc. will post 7.21 EPS for the current fiscal year.

Ubiquiti Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 27th. Stockholders of record on Monday, May 19th will be given a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 0.55%. The ex-dividend date is Monday, May 19th. Ubiquiti’s dividend payout ratio (DPR) is currently 26.43%.

Analyst Ratings Changes

UI has been the topic of a number of recent analyst reports. BWS Financial reissued a “buy” rating and issued a $440.00 price target on shares of Ubiquiti in a report on Monday, May 12th. Barclays increased their target price on shares of Ubiquiti from $222.00 to $247.00 and gave the stock an “underweight” rating in a research note on Monday, May 12th.

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.