Shelton Capital Management Acquires Shares of 2,154 The Ultimate Software Group, Inc. (ULTI)

Shelton Capital Management acquired a new stake in shares of The Ultimate Software Group, Inc. (NASDAQ:ULTI) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 2,154 shares of the technology company’s stock, valued at approximately $452,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Creative Planning grew its position in The Ultimate Software Group by 257.4% in the second quarter. Creative Planning now owns 504 shares of the technology company’s stock worth $106,000 after buying an additional 363 shares during the last quarter. Huntington National Bank grew its position in The Ultimate Software Group by 24.7% in the second quarter. Huntington National Bank now owns 857 shares of the technology company’s stock worth $180,000 after buying an additional 170 shares during the last quarter. Benjamin F. Edwards & Company Inc. grew its position in The Ultimate Software Group by 23.1% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 873 shares of the technology company’s stock worth $183,000 after buying an additional 164 shares during the last quarter. FineMark National Bank & Trust acquired a new position in The Ultimate Software Group in the second quarter worth approximately $200,000. Finally, ETRADE Capital Management LLC acquired a new position in The Ultimate Software Group in the second quarter worth approximately $201,000.

ULTI has been the topic of several recent research reports. Credit Suisse Group restated a “buy” rating on shares of The Ultimate Software Group in a research report on Monday, July 3rd. Piper Jaffray Companies reaffirmed an “overweight” rating and issued a $250.00 price objective on shares of The Ultimate Software Group in a research note on Saturday, July 22nd. ValuEngine raised shares of The Ultimate Software Group from a “sell” rating to a “hold” rating in a research note on Friday, September 1st. SunTrust Banks, Inc. began coverage on shares of The Ultimate Software Group in a research note on Monday, June 26th. They issued a “buy” rating and a $240.00 price objective for the company. Finally, Pacific Crest reaffirmed an “overweight” rating and issued a $255.00 price objective (up previously from $240.00) on shares of The Ultimate Software Group in a research note on Monday, June 26th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and sixteen have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $235.29.

Shares of The Ultimate Software Group, Inc. (NASDAQ ULTI) opened at 194.56 on Wednesday. The Ultimate Software Group, Inc. has a 52 week low of $180.29 and a 52 week high of $233.42. The firm’s 50 day moving average is $191.86 and its 200-day moving average is $205.03. The firm has a market cap of $5.80 billion, a price-to-earnings ratio of 200.78 and a beta of 1.07.

The Ultimate Software Group (NASDAQ:ULTI) last issued its quarterly earnings data on Tuesday, August 1st. The technology company reported $0.18 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.21 by ($0.03). The Ultimate Software Group had a return on equity of 7.20% and a net margin of 3.47%. The company had revenue of $224.70 million for the quarter, compared to the consensus estimate of $228.02 million. During the same period in the prior year, the company earned $0.76 EPS. The firm’s revenue was up 20.4% on a year-over-year basis. Equities research analysts predict that The Ultimate Software Group, Inc. will post $3.53 EPS for the current year.

COPYRIGHT VIOLATION NOTICE: “Shelton Capital Management Acquires Shares of 2,154 The Ultimate Software Group, Inc. (ULTI)” was first reported by The Ledger Gazette and is owned by of The Ledger Gazette. If you are accessing this story on another domain, it was illegally stolen and reposted in violation of US and international trademark and copyright laws. The legal version of this story can be read at https://ledgergazette.com/2017/10/11/shelton-capital-management-acquires-shares-of-2154-the-ultimate-software-group-inc-ulti.html.

In related news, Director James A. Fitzpatrick, Jr. sold 4,613 shares of the stock in a transaction on Thursday, August 3rd. The shares were sold at an average price of $200.39, for a total transaction of $924,399.07. Following the completion of the transaction, the director now owns 15,000 shares in the company, valued at $3,005,850. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Robert Manne sold 5,000 shares of the stock in a transaction on Thursday, August 3rd. The stock was sold at an average price of $200.39, for a total transaction of $1,001,950.00. Following the transaction, the vice president now owns 78,633 shares of the company’s stock, valued at approximately $15,757,266.87. The disclosure for this sale can be found

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Creative Planning grew its position in The Ultimate Software Group by 257.4% in the second quarter. Creative Planning now owns 504 shares of the technology company’s stock worth $106,000 after buying an additional 363 shares during the last quarter. Huntington National Bank grew its position in The Ultimate Software Group by 24.7% in the second quarter. Huntington National Bank now owns 857 shares of the technology company’s stock worth $180,000 after buying an additional 170 shares during the last quarter. Benjamin F. Edwards & Company Inc. grew its position in The Ultimate Software Group by 23.1% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 873 shares of the technology company’s stock worth $183,000 after buying an additional 164 shares during the last quarter. FineMark National Bank & Trust acquired a new position in The Ultimate Software Group in the second quarter worth approximately $200,000. Finally, ETRADE Capital Management LLC acquired a new position in The Ultimate Software Group in the second quarter worth approximately $201,000.

ULTI has been the topic of several recent research reports. Credit Suisse Group restated a “buy” rating on shares of The Ultimate Software Group in a research report on Monday, July 3rd. Piper Jaffray Companies reaffirmed an “overweight” rating and issued a $250.00 price objective on shares of The Ultimate Software Group in a research note on Saturday, July 22nd. ValuEngine raised shares of The Ultimate Software Group from a “sell” rating to a “hold” rating in a research note on Friday, September 1st. SunTrust Banks, Inc. began coverage on shares of The Ultimate Software Group in a research note on Monday, June 26th. They issued a “buy” rating and a $240.00 price objective for the company. Finally, Pacific Crest reaffirmed an “overweight” rating and issued a $255.00 price objective (up previously from $240.00) on shares of The Ultimate Software Group in a research note on Monday, June 26th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and sixteen have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $235.29.

Shares of The Ultimate Software Group, Inc. (NASDAQ ULTI) opened at 194.56 on Wednesday. The Ultimate Software Group, Inc. has a 52 week low of $180.29 and a 52 week high of $233.42. The firm’s 50 day moving average is $191.86 and its 200-day moving average is $205.03. The firm has a market cap of $5.80 billion, a price-to-earnings ratio of 200.78 and a beta of 1.07.

The Ultimate Software Group (NASDAQ:ULTI) last issued its quarterly earnings data on Tuesday, August 1st. The technology company reported $0.18 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.21 by ($0.03). The Ultimate Software Group had a return on equity of 7.20% and a net margin of 3.47%. The company had revenue of $224.70 million for the quarter, compared to the consensus estimate of $228.02 million. During the same period in the prior year, the company earned $0.76 EPS. The firm’s revenue was up 20.4% on a year-over-year basis. Equities research analysts predict that The Ultimate Software Group, Inc. will post $3.53 EPS for the current year.

COPYRIGHT VIOLATION NOTICE: “Shelton Capital Management Acquires Shares of 2,154 The Ultimate Software Group, Inc. (ULTI)” was first reported by The Ledger Gazette and is owned by of The Ledger Gazette. If you are accessing this story on another domain, it was illegally stolen and reposted in violation of US and international trademark and copyright laws. The legal version of this story can be read at https://ledgergazette.com/2017/10/11/shelton-capital-management-acquires-shares-of-2154-the-ultimate-software-group-inc-ulti.html.

In related news, Director James A. Fitzpatrick, Jr. sold 4,613 shares of the stock in a transaction on Thursday, August 3rd. The shares were sold at an average price of $200.39, for a total transaction of $924,399.07. Following the completion of the transaction, the director now owns 15,000 shares in the company, valued at $3,005,850. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Robert Manne sold 5,000 shares of the stock in a transaction on Thursday, August 3rd. The stock was sold at an average price of $200.39, for a total transaction of $1,001,950.00. Following the transaction, the vice president now owns 78,633 shares of the company’s stock, valued at approximately $15,757,266.87. The disclosure for this sale can be found here. 4.90% of the stock is owned by corporate insiders.

The Ultimate Software Group Company Profile

The Ultimate Software Group, Inc (Ultimate) is a cloud provider of people management solutions, referred to as human capital management (HCM). The Company’s UltiPro product suite (UltiPro) is an engaging solution that has human resources (HR), payroll and benefits management. As of December 31, 2016, UltiPro included global people management, available in 14 languages with more than 35 country-specific localizations.

Institutional Ownership by Quarter for The Ultimate Software Group (NASDAQ:ULTI)

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