Raymond James Financial Inc. Purchases Shares of 3,753 Ubiquiti Inc. (NYSE:UI)

Raymond James Financial Inc. acquired a new position in shares of Ubiquiti Inc. (NYSE:UI) in the fourth quarter, HoldingsChannel.com reports. The institutional investor acquired 3,753 shares of the company’s stock, valued at approximately $1,246,000.

A number of other large investors have also recently made changes to their positions in the company. Venturi Wealth Management LLC increased its stake in 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 last quarter. Blue Trust Inc. raised its stake 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 acquiring an additional 63 shares in the last quarter. Financial Perspectives Inc lifted its position in Ubiquiti by 152.2% in the fourth quarter. Financial Perspectives Inc now owns 169 shares of the company’s stock valued at $56,000 after acquiring an additional 102 shares during the last quarter. Principal Securities Inc. boosted its stake in Ubiquiti by 89.3% in the fourth quarter. Principal Securities Inc. now owns 229 shares of the company’s stock valued at $76,000 after acquiring an additional 108 shares in the last quarter. Finally, Raleigh Capital Management Inc. boosted its stake in Ubiquiti by 34.9% in the fourth quarter. Raleigh Capital Management Inc. now owns 286 shares of the company’s stock valued at $95,000 after acquiring an additional 74 shares in the last quarter. 4.00% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts recently issued reports on UI shares. BWS Financial reissued a “buy” rating and issued a $440.00 target price on shares of Ubiquiti in a research report on Monday, February 10th. Barclays lowered their target price on shares of Ubiquiti from $236.00 to $222.00 and set an “underweight” rating on the stock in a research report on Monday, February 10th.

Insider Activity

In other news, CAO Kevin Radigan sold 1,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of $347.99, for a total transaction of $347,990.00. Following the sale, the chief accounting officer now owns 2,484 shares of the company’s stock, valued at $864,407.16. The trade was a 28.70 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 93.10% of the company’s stock.

Ubiquiti Stock Performance

Shares of UI stock opened at $325.74 on Thursday. The stock’s 50-day moving average price is $345.36 and its 200 day moving average price is $319.07. 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 stock has a market capitalization of $19.70 billion, a PE ratio of 44.26 and a beta of 1.12. Ubiquiti Inc. has a 52-week low of $104.24 and a 52-week high of $469.98.

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

Ubiquiti Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, February 24th. Stockholders of record on Tuesday, February 18th were paid a dividend of $0.60 per share. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 0.74%. Ubiquiti’s dividend payout ratio (DPR) is presently 32.61%.

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.