Northern Trust Corp Purchases 8,955 Shares of Ubiquiti Inc. (NYSE:UI)

Northern Trust Corp lifted its position in Ubiquiti Inc. (NYSE:UI) by 54.2% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 25,476 shares of the company’s stock after purchasing an additional 8,955 shares during the period. Northern Trust Corp’s holdings in Ubiquiti were worth $8,456,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Barclays PLC boosted its holdings in shares of Ubiquiti by 4,880.2% during the 3rd quarter. Barclays PLC now owns 13,347 shares of the company’s stock valued at $2,959,000 after buying an additional 13,079 shares in the last quarter. Hanseatic Management Services Inc. boosted its holdings in shares of Ubiquiti by 12.0% during the 4th quarter. Hanseatic Management Services Inc. now owns 384 shares of the company’s stock valued at $127,000 after buying an additional 41 shares in the last quarter. Diversify Advisory Services LLC bought a new stake in shares of Ubiquiti during the 4th quarter valued at $273,000. Oxinas Partners Wealth Management LLC bought a new stake in shares of Ubiquiti during the 4th quarter valued at $699,000. Finally, Nisa Investment Advisors LLC bought a new stake in shares of Ubiquiti during the 4th quarter valued at $3,050,000. Institutional investors own 4.00% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on UI. Barclays lifted their price target on Ubiquiti from $222.00 to $247.00 and gave the stock an “underweight” rating in a research report on Monday, May 12th. BWS Financial reaffirmed a “buy” rating and issued a $440.00 price target on shares of Ubiquiti in a research report on Monday, May 12th.

Ubiquiti Stock Up 3.5%

NYSE UI opened at $435.45 on Monday. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.98 and a current ratio of 2.22. The company has a market capitalization of $26.34 billion, a P/E ratio of 59.16 and a beta of 1.32. Ubiquiti Inc. has a one year low of $139.06 and a one year high of $469.98. The stock has a 50 day moving average price of $326.96 and a 200-day moving average price of $342.22.

Ubiquiti (NYSE:UI) last issued its quarterly earnings results on Friday, February 14th. The company reported $2.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.14 by $0.12. Ubiquiti had a return on equity of 296.82% and a net margin of 20.68%. During the same period in the prior year, the firm earned $1.36 earnings per share. As a group, equities analysts predict that Ubiquiti Inc. will post 7.21 EPS for the current fiscal year.

Ubiquiti Announces Dividend

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

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.