DF Dent & Co. Inc. Has $521,000 Position in The Ultimate Software Group, Inc. (ULTI)

DF Dent & Co. Inc. boosted its stake in shares of The Ultimate Software Group, Inc. (NASDAQ:ULTI) by 65.0% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,482 shares of the technology company’s stock after acquiring an additional 978 shares during the quarter. DF Dent & Co. Inc.’s holdings in The Ultimate Software Group were worth $521,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently modified their holdings of the company. Creative Planning boosted its holdings in The Ultimate Software Group by 257.4% during the 2nd quarter. Creative Planning now owns 504 shares of the technology company’s stock valued at $106,000 after acquiring an additional 363 shares during the period. Huntington National Bank boosted its holdings in The Ultimate Software Group by 24.7% during the 2nd quarter. Huntington National Bank now owns 857 shares of the technology company’s stock valued at $180,000 after acquiring an additional 170 shares during the period. Benjamin F. Edwards & Company Inc. boosted its holdings in The Ultimate Software Group by 23.1% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 873 shares of the technology company’s stock valued at $183,000 after acquiring an additional 164 shares during the period. FineMark National Bank & Trust purchased a new stake in The Ultimate Software Group during the 2nd quarter valued at about $200,000. Finally, ETRADE Capital Management LLC purchased a new stake in The Ultimate Software Group during the 2nd quarter valued at about $201,000.

The Ultimate Software Group, Inc. (ULTI) traded up 0.83% on Wednesday, hitting $196.18. The stock had a trading volume of 46,599 shares. The Ultimate Software Group, Inc. has a 1-year low of $180.29 and a 1-year high of $233.42. The stock’s 50-day moving average is $191.86 and its 200 day moving average is $205.03. The firm has a market capitalization of $5.85 billion, a price-to-earnings ratio of 202.25 and a beta of 1.07.

The Ultimate Software Group (NASDAQ:ULTI) last announced its quarterly earnings results on Tuesday, August 1st. The technology company reported $0.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.03). The firm had revenue of $224.70 million during the quarter, compared to analysts’ expectations of $228.02 million. The Ultimate Software Group had a net margin of 3.47% and a return on equity of 7.20%. The firm’s revenue for the quarter was up 20.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.76 EPS. On average, equities research analysts predict that The Ultimate Software Group, Inc. will post $3.53 earnings per share for the current fiscal year.

In other The Ultimate Software Group news, Director James A. Fitzpatrick, Jr. sold 4,613 shares of the company’s stock in a transaction on Thursday, August 3rd. The stock was sold at an average price of $200.39, for a total transaction of $924,399.07. Following the completion of the sale, the director now owns 15,000 shares in the company, valued at $3,005,850. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP Robert Manne sold 5,000 shares of the company’s stock in a transaction on Thursday, August 3rd. The stock was sold at an average price of $200.39, for a total value of $1,001,950.00. Following the sale, 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 currently owned by insiders.

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Several equities research analysts recently weighed in on ULTI shares. Royal Bank Of Canada restated a “buy” rating and set a $216.00 target price on shares of The Ultimate Software Group in a report on Tuesday. Canaccord Genuity dropped their target price on The Ultimate Software Group from $240.00 to $225.00 and set a “buy” rating for the company in a report on Wednesday, August 2nd. Deutsche Bank AG cut The Ultimate Software Group from a “buy” rating to a “hold” rating and dropped their target price for the company from $230.00 to $210.00 in a report on Wednesday, August 2nd. Roth Capital increased their target price on The Ultimate Software Group from $254.00 to $280.00 and gave the company a “buy” rating in a report on Monday, July 31st. Finally, BidaskClub cut The Ultimate Software Group from a “strong-buy” rating to a “buy” rating in a report on Friday, June 30th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and sixteen have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $235.29.

The Ultimate Software Group 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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