The Ultimate Software Group, Inc. (ULTI) Shares Bought by Peregrine Capital Management LLC

Peregrine Capital Management LLC grew its holdings in shares of The Ultimate Software Group, Inc. (NASDAQ:ULTI) by 2.5% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 143,594 shares of the technology company’s stock after purchasing an additional 3,454 shares during the period. Peregrine Capital Management LLC owned approximately 0.48% of The Ultimate Software Group worth $27,225,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of ULTI. Janus Henderson Group PLC increased its holdings in shares of The Ultimate Software Group by 819.9% during the second quarter. Janus Henderson Group PLC now owns 2,245,044 shares of the technology company’s stock valued at $471,594,000 after purchasing an additional 2,000,984 shares during the period. Harbour Capital Advisors LLC grew its holdings in The Ultimate Software Group by 20,578.4% during the second quarter. Harbour Capital Advisors LLC now owns 1,126,972 shares of the technology company’s stock worth $5,365,000 after acquiring an additional 1,121,522 shares during the period. FMR LLC grew its holdings in The Ultimate Software Group by 4.9% during the second quarter. FMR LLC now owns 3,869,769 shares of the technology company’s stock worth $812,884,000 after acquiring an additional 180,698 shares during the period. Vanguard Group Inc. grew its holdings in The Ultimate Software Group by 3.2% during the second quarter. Vanguard Group Inc. now owns 2,300,574 shares of the technology company’s stock worth $483,258,000 after acquiring an additional 71,422 shares during the period. Finally, Bain Capital Public Equity Management LLC acquired a new position in The Ultimate Software Group during the second quarter worth about $14,984,000.

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

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Shares of The Ultimate Software Group, Inc. (NASDAQ ULTI) traded down 0.67% during midday trading on Monday, hitting $196.42. The stock had a trading volume of 18,694 shares. The Ultimate Software Group, Inc. has a one year low of $180.29 and a one year high of $233.42. The company has a market capitalization of $5.86 billion, a PE ratio of 202.70 and a beta of 1.07. The firm’s 50-day moving average is $190.92 and its 200 day moving average is $204.81.

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 the 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 business had revenue of $224.70 million during the quarter, compared to the consensus estimate of $228.02 million. During the same quarter last year, the company earned $0.76 earnings per share. The firm’s revenue was up 20.4% compared to the same quarter last year. Equities analysts expect that The Ultimate Software Group, Inc. will post $3.54 earnings per share for the current fiscal year.

A number of research firms recently issued reports on ULTI. BidaskClub lowered The Ultimate Software Group from a “hold” rating to a “sell” rating in a report on Wednesday, August 9th. KeyCorp set a $235.00 target price on The Ultimate Software Group and gave the stock a “buy” rating in a report on Wednesday, August 16th. Royal Bank Of Canada lowered their target price on The Ultimate Software Group from $233.00 to $216.00 and set an “outperform” rating on the stock in a report on Wednesday, August 2nd. Stephens reaffirmed an “equal weight” rating and set a $203.00 target price (down from $215.00) on shares of The Ultimate Software Group in a report on Wednesday, August 2nd. Finally, Canaccord Genuity reaffirmed a “buy” rating and set a $225.00 target price (down from $240.00) on shares of The Ultimate Software Group in a report on Tuesday, August 8th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and sixteen have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $234.94.

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.

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

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