Pacer Advisors Inc. Sells 99,857 Shares of Ubiquiti Inc. $UI

Pacer Advisors Inc. trimmed its holdings 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 (SEC). The fund 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 quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Blue Trust Inc. grew its holdings in Ubiquiti by 87.5% during the 4th quarter. Blue Trust Inc. now owns 45 shares of the company’s stock worth $25,000 after acquiring an additional 21 shares during the last quarter. Cherry Tree Wealth Management LLC bought a new stake in Ubiquiti during the 3rd quarter worth approximately $33,000. Quarry LP bought a new stake in Ubiquiti during the 3rd quarter worth approximately $34,000. Flagship Harbor Advisors LLC bought a new stake in Ubiquiti during the 4th quarter worth approximately $65,000. Finally, Westside Investment Management Inc. grew its holdings in Ubiquiti by 100.0% during the 3rd quarter. Westside Investment Management Inc. now owns 102 shares of the company’s stock worth $69,000 after acquiring an additional 51 shares during the last quarter. 4.00% of the stock is owned by institutional investors.

Ubiquiti Stock Performance

Shares of NYSE UI opened at $666.27 on Thursday. The company has a market capitalization of $40.32 billion, a P/E ratio of 42.82 and a beta of 1.46. Ubiquiti Inc. has a 52-week low of $368.42 and a 52-week high of $1,099.99. The company’s 50 day moving average price is $868.27 and its 200-day moving average price is $704.06.

Ubiquiti (NYSE:UI) last issued 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 during the quarter, compared to analyst estimates of $814.30 million. Ubiquiti had a return on equity of 95.62% and a net margin of 30.43%.The business’s quarterly revenue was up 18.7% on a year-over-year basis. Analysts forecast that Ubiquiti Inc. will post 14.04 earnings per share for the current year.

Ubiquiti Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, May 26th. Investors of record on Monday, May 18th will be given a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date is Monday, May 18th. Ubiquiti’s payout ratio is presently 20.57%.

Wall Street Analysts Forecast Growth

UI has been the topic of a number of research reports. Zacks Research lowered shares of Ubiquiti from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 21st. Weiss Ratings raised shares of Ubiquiti from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, March 23rd. Wall Street Zen lowered shares of Ubiquiti from a “buy” rating to a “hold” rating in a report on Monday, April 27th. BWS Financial reissued a “buy” rating and set a $980.00 target price on shares of Ubiquiti in a report on Monday. Finally, Barclays boosted their target price on shares of Ubiquiti from $527.00 to $672.00 and gave the stock an “underweight” rating in a report on Monday. Two research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $750.67.

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.