Pacer Advisors Inc. Reduces Position in Ubiquiti Inc. $UI

Pacer Advisors Inc. decreased its stake in shares of Ubiquiti Inc. (NYSE:UI) by 94.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,001 shares of the company’s stock after selling 99,857 shares during the quarter. Pacer Advisors Inc.’s holdings in Ubiquiti were worth $3,321,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in UI. Blue Trust Inc. grew its holdings in shares of Ubiquiti by 87.5% during the fourth quarter. Blue Trust Inc. now owns 45 shares of the company’s stock valued at $25,000 after buying an additional 21 shares during the last quarter. Cherry Tree Wealth Management LLC purchased a new position in Ubiquiti in the 3rd quarter worth $33,000. Quarry LP acquired a new stake in Ubiquiti during the 3rd quarter worth about $34,000. CIBC Private Wealth Group LLC lifted its position in Ubiquiti by 238.1% during the 4th quarter. CIBC Private Wealth Group LLC now owns 71 shares of the company’s stock worth $39,000 after acquiring an additional 50 shares during the period. Finally, CANADA LIFE ASSURANCE Co grew its stake in Ubiquiti by 216.0% during the 4th quarter. CANADA LIFE ASSURANCE Co now owns 79 shares of the company’s stock valued at $44,000 after purchasing an additional 54 shares during the last quarter. Hedge funds and other institutional investors own 4.00% of the company’s stock.

Ubiquiti Price Performance

NYSE:UI opened at $563.30 on Wednesday. The firm has a market cap of $34.09 billion, a price-to-earnings ratio of 36.20 and a beta of 1.29. The company has a 50 day moving average price of $743.80 and a 200-day moving average price of $694.95. Ubiquiti Inc. has a 1-year low of $380.00 and a 1-year high of $1,099.99.

Ubiquiti (NYSE:UI) last announced its quarterly earnings results on Friday, May 8th. The company reported $3.88 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.29 by ($0.41). The firm had revenue of $788.20 million for the quarter, compared to analysts’ expectations of $814.30 million. Ubiquiti had a return on equity of 95.62% and a net margin of 30.43%.Ubiquiti’s revenue was up 18.7% compared to the same quarter last year. On average, sell-side analysts anticipate that Ubiquiti Inc. will post 14.82 earnings per share for the current fiscal year.

Ubiquiti Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, May 26th. Stockholders of record on Monday, May 18th were paid a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend was Monday, May 18th. Ubiquiti’s dividend payout ratio is presently 20.57%.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. Barclays raised their price objective on Ubiquiti from $527.00 to $672.00 and gave the stock an “underweight” rating in a research note on Monday, May 11th. Wall Street Zen downgraded shares of Ubiquiti from a “buy” rating to a “hold” rating in a report on Monday, April 27th. Weiss Ratings lowered shares of Ubiquiti from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday, May 29th. Zacks Research cut shares of Ubiquiti from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 21st. Finally, BWS Financial restated a “buy” rating and set a $980.00 price objective on shares of Ubiquiti in a research note on Monday, May 11th. Two equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $750.67.

Ubiquiti Company Profile

Ubiquiti Inc (NYSE: UI) is a U.S.-based technology company that designs and sells networking and wireless communication products for enterprise, service provider and consumer markets. Its product portfolio includes Wi‑Fi access points, routers and gateways, managed Ethernet switches, network management software, and IP surveillance systems. Ubiquiti’s offerings are organized under several well‑known lines—most notably UniFi for managed LAN/Wi‑Fi and networked video, AmpliFi for consumer Wi‑Fi, and product families targeting service‑provider and point‑to‑point wireless broadband applications.

The company emphasizes integrated hardware and software solutions, with centralized management and cloud‑enabled control as core features of its platform approach.