Mercer Global Advisors Inc. ADV Buys Shares of 1,019 Ubiquiti Inc. (NYSE:UI)

Mercer Global Advisors Inc. ADV bought a new stake in shares of Ubiquiti Inc. (NYSE:UI) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 1,019 shares of the company’s stock, valued at approximately $338,000.

Other large investors also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC lifted its position 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 purchasing an additional 39 shares during the period. Venturi Wealth Management LLC lifted its position in 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 position in Ubiquiti by 78.8% during the 4th 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. Financial Perspectives Inc lifted its position in Ubiquiti by 152.2% during the 4th quarter. Financial Perspectives Inc now owns 169 shares of the company’s stock valued at $56,000 after purchasing an additional 102 shares during the period. Finally, Sterling Capital Management LLC lifted its position in Ubiquiti by 30.2% during the 4th quarter. Sterling Capital Management LLC now owns 168 shares of the company’s stock valued at $56,000 after purchasing an additional 39 shares during the period. 4.00% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. BWS Financial restated a “buy” rating and set a $440.00 target price on shares of Ubiquiti in a research report on Monday. Barclays upped their target price on shares of Ubiquiti from $222.00 to $247.00 and gave the company an “underweight” rating in a research report on Monday.

Ubiquiti Stock Performance

Shares of NYSE:UI opened at $424.18 on Thursday. The company has a market capitalization of $25.66 billion, a price-to-earnings ratio of 57.63 and a beta of 1.32. The firm’s 50 day simple moving average is $321.95 and its 200 day simple moving average is $338.84. The company has a debt-to-equity ratio of 1.31, a current ratio of 2.22 and a quick ratio of 0.98. Ubiquiti Inc. has a fifty-two week low of $134.72 and a fifty-two week high of $469.98.

Ubiquiti (NYSE:UI) last announced its quarterly 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 business posted $1.36 EPS. As a group, sell-side analysts forecast that Ubiquiti Inc. will post 7.21 earnings per share for the current year.

Ubiquiti Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, May 27th. Investors of record on Monday, May 19th will be given a $0.60 dividend. The ex-dividend date of this dividend is Monday, May 19th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 0.57%. Ubiquiti’s dividend payout ratio is 26.43%.

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.