Vestcor Inc Has $1.91 Million Position in Ubiquiti Inc. $UI

Vestcor Inc lessened its holdings in Ubiquiti Inc. (NYSE:UI) by 21.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm 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 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Goldman Sachs Group Inc. grew its holdings in shares of Ubiquiti by 33.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 33,836 shares of the company’s stock worth $10,494,000 after purchasing an additional 8,551 shares in the last quarter. Woodline Partners LP raised its stake in Ubiquiti by 22.1% in the first quarter. Woodline Partners LP now owns 1,214 shares of the company’s stock valued at $377,000 after purchasing an additional 220 shares in the last quarter. Jane Street Group LLC lifted its position in Ubiquiti by 12.9% during the first quarter. Jane Street Group LLC now owns 13,768 shares of the company’s stock worth $4,270,000 after purchasing an additional 1,570 shares during the period. Cetera Investment Advisers acquired a new stake in Ubiquiti during the second quarter worth about $312,000. Finally, Legal & General Group Plc grew its stake in Ubiquiti by 23.2% during the second quarter. Legal & General Group Plc now owns 792 shares of the company’s stock worth $326,000 after buying an additional 149 shares in the last quarter. 4.00% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Ubiquiti Price Performance

NYSE UI opened at $566.62 on Monday. The business has a 50 day simple moving average of $805.93 and a 200 day simple moving average of $693.39. Ubiquiti Inc. has a one year low of $368.42 and a one year high of $1,099.99. The stock has a market capitalization of $34.29 billion, a P/E ratio of 36.42 and a beta of 1.29.

Ubiquiti (NYSE:UI) last issued its quarterly earnings data 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 business had revenue of $788.20 million for the quarter, compared to analyst estimates of $814.30 million. Ubiquiti had a net margin of 30.43% and a return on equity of 95.62%. The company’s quarterly revenue was up 18.7% compared to the same quarter last year. Equities analysts expect that Ubiquiti Inc. will post 14.82 earnings per share for the current year.

Ubiquiti Dividend Announcement

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

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.