The Ultimate Software Group, Inc. (ULTI) Director Sells $1,101,571.44 in Stock

The Ultimate Software Group, Inc. (NASDAQ:ULTI) Director Alois T. Leiter sold 5,559 shares of the company’s stock in a transaction dated Friday, November 10th. The shares were sold at an average price of $198.16, for a total transaction of $1,101,571.44. Following the transaction, the director now directly owns 165,596 shares of the company’s stock, valued at $32,814,503.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Shares of The Ultimate Software Group, Inc. (NASDAQ:ULTI) opened at $197.49 on Friday. The Ultimate Software Group, Inc. has a fifty-two week low of $180.29 and a fifty-two week high of $233.42. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.01. The company has a market cap of $5,824.88, a P/E ratio of 185.69, a PEG ratio of 15.12 and a beta of 1.09.

The Ultimate Software Group (NASDAQ:ULTI) last posted its quarterly earnings results on Wednesday, November 1st. The technology company reported $1.05 EPS for the quarter, beating the Zacks’ consensus estimate of $0.88 by $0.17. The Ultimate Software Group had a net margin of 3.31% and a return on equity of 6.84%. The firm had revenue of $236.11 million for the quarter, compared to analysts’ expectations of $232.92 million. During the same quarter in the prior year, the company posted $0.78 earnings per share. The business’s revenue for the quarter was up 19.9% on a year-over-year basis. sell-side analysts forecast that The Ultimate Software Group, Inc. will post 0.63 EPS for the current year.

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Several large investors have recently bought and sold shares of ULTI. Teachers Advisors LLC grew its holdings in shares of The Ultimate Software Group by 2.3% during the first quarter. Teachers Advisors LLC now owns 66,325 shares of the technology company’s stock valued at $12,947,000 after buying an additional 1,509 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of The Ultimate Software Group by 0.4% during the first quarter. Dimensional Fund Advisors LP now owns 74,444 shares of the technology company’s stock valued at $14,532,000 after buying an additional 260 shares during the last quarter. Capstone Asset Management Co. grew its holdings in shares of The Ultimate Software Group by 7.8% during the second quarter. Capstone Asset Management Co. now owns 3,547 shares of the technology company’s stock valued at $745,000 after buying an additional 258 shares during the last quarter. Bank of Montreal Can grew its holdings in shares of The Ultimate Software Group by 1.3% during the second quarter. Bank of Montreal Can now owns 11,872 shares of the technology company’s stock valued at $2,494,000 after buying an additional 147 shares during the last quarter. Finally, Creative Planning grew its holdings in shares of The Ultimate Software Group by 257.4% during the second quarter. Creative Planning now owns 504 shares of the technology company’s stock valued at $106,000 after buying an additional 363 shares during the last quarter.

ULTI has been the subject of several recent analyst reports. Stifel Nicolaus upped their price objective on shares of The Ultimate Software Group from $235.00 to $250.00 and gave the company a “buy” rating in a research note on Thursday, November 2nd. Royal Bank Of Canada reissued a “buy” rating and issued a $216.00 price target on shares of The Ultimate Software Group in a research note on Tuesday, October 10th. Canaccord Genuity decreased their price target on shares of The Ultimate Software Group from $240.00 to $225.00 and set a “buy” rating for the company in a research note on Wednesday, August 2nd. Zacks Investment Research raised shares of The Ultimate Software Group from a “sell” rating to a “hold” rating in a research note on Wednesday, October 11th. Finally, Deutsche Bank AG downgraded shares of The Ultimate Software Group from a “buy” rating to a “hold” rating and decreased their price target for the stock from $230.00 to $210.00 in a research note on Wednesday, August 2nd. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and sixteen have assigned a buy rating to the company. The Ultimate Software Group presently has an average rating of “Buy” and an average target price of $231.58.

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.

Insider Buying and Selling by Quarter for The Ultimate Software Group (NASDAQ:ULTI)

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