Vestcor Inc Sells 963 Shares of Ubiquiti Inc. $UI

Vestcor Inc decreased its stake in Ubiquiti Inc. (NYSE:UI) by 21.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,451 shares of the company’s stock after selling 963 shares during the quarter. Vestcor Inc’s holdings in Ubiquiti were worth $1,910,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of UI. Blue Trust Inc. grew its holdings in shares of Ubiquiti by 87.5% in the 4th quarter. Blue Trust Inc. now owns 45 shares of the company’s stock worth $25,000 after purchasing an additional 21 shares during the last quarter. Cherry Tree Wealth Management LLC bought a new position in Ubiquiti during the 3rd quarter valued at about $33,000. Quarry LP acquired a new position in Ubiquiti in the third quarter valued at about $34,000. Flagship Harbor Advisors LLC bought a new stake in Ubiquiti during the fourth quarter worth about $65,000. Finally, SBI Securities Co. Ltd. increased its holdings in shares of Ubiquiti by 429.0% during the fourth quarter. SBI Securities Co. Ltd. now owns 164 shares of the company’s stock worth $91,000 after buying an additional 133 shares in the last quarter. 4.00% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

Ubiquiti Stock Down 0.1%

Shares of UI stock opened at $566.62 on Monday. Ubiquiti Inc. has a 12-month low of $368.42 and a 12-month high of $1,099.99. The firm has a fifty day moving average of $805.93 and a 200-day moving average of $693.39. The firm has a market capitalization of $34.29 billion, a price-to-earnings ratio of 36.42 and a beta of 1.29.

Ubiquiti (NYSE:UI) last posted its 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). Ubiquiti had a return on equity of 95.62% and a net margin of 30.43%.The business had revenue of $788.20 million for the quarter, compared to the consensus estimate of $814.30 million. Ubiquiti’s revenue for the quarter was up 18.7% on a year-over-year basis. Research analysts expect that Ubiquiti Inc. will post 14.82 earnings per share for the current year.

Ubiquiti Announces Dividend

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

About Ubiquiti

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.