The Ultimate Software Group, Inc. (ULTI) Director Sells $967,104.90 in Stock

The Ultimate Software Group, Inc. (NASDAQ:ULTI) Director James A. Fitzpatrick, Jr. sold 4,230 shares of the business’s stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $228.63, for a total value of $967,104.90. Following the completion of the transaction, the director now directly owns 9,145 shares of the company’s stock, valued at $2,090,821.35. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Shares of The Ultimate Software Group, Inc. (ULTI) traded up $1.19 during mid-day trading on Friday, reaching $223.28. The company had a trading volume of 109,576 shares, compared to its average volume of 288,492. The Ultimate Software Group, Inc. has a 1 year low of $181.59 and a 1 year high of $242.93. 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 stock has a market cap of $6,936.26, a P/E ratio of 465.17, a price-to-earnings-growth ratio of 8.61 and a beta of 1.07.

The Ultimate Software Group (NASDAQ:ULTI) last announced its earnings results on Tuesday, February 6th. The technology company reported $1.11 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.87 by $0.24. The Ultimate Software Group had a return on equity of 5.31% and a net margin of 1.59%. The firm had revenue of $251.43 million for the quarter, compared to the consensus estimate of $244.83 million. During the same period in the previous year, the business earned $0.91 EPS. The firm’s revenue for the quarter was up 19.4% on a year-over-year basis. sell-side analysts predict that The Ultimate Software Group, Inc. will post 1.32 EPS for the current year.

Several research firms have recently commented on ULTI. Bank of America boosted their price target on The Ultimate Software Group from $187.00 to $210.00 and gave the stock an “underperform” rating in a research report on Thursday. Stephens reissued a “hold” rating and issued a $240.00 price target on shares of The Ultimate Software Group in a research report on Wednesday. Robert W. Baird boosted their price target on The Ultimate Software Group from $210.00 to $235.00 and gave the stock a “neutral” rating in a research report on Wednesday. Canaccord Genuity boosted their price target on The Ultimate Software Group from $240.00 to $245.00 and gave the stock a “buy” rating in a research report on Wednesday. Finally, SunTrust Banks boosted their price target on The Ultimate Software Group to $250.00 and gave the stock a “buy” rating in a research report on Wednesday. One investment analyst has rated the stock with a sell rating, five have given a hold rating and seventeen have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $243.90.

A number of institutional investors have recently bought and sold shares of the business. Arizona State Retirement System grew its stake in The Ultimate Software Group by 27.5% during the 4th quarter. Arizona State Retirement System now owns 20,429 shares of the technology company’s stock valued at $4,458,000 after purchasing an additional 4,405 shares during the last quarter. Eagle Asset Management Inc. grew its stake in The Ultimate Software Group by 2.6% during the 4th quarter. Eagle Asset Management Inc. now owns 693,526 shares of the technology company’s stock valued at $151,256,000 after purchasing an additional 17,897 shares during the last quarter. Chartwell Investment Partners LLC grew its stake in The Ultimate Software Group by 5.6% during the 4th quarter. Chartwell Investment Partners LLC now owns 19,324 shares of the technology company’s stock valued at $4,217,000 after purchasing an additional 1,029 shares during the last quarter. The Manufacturers Life Insurance Company grew its stake in The Ultimate Software Group by 12.9% during the 4th quarter. The Manufacturers Life Insurance Company now owns 46,996 shares of the technology company’s stock valued at $10,257,000 after purchasing an additional 5,365 shares during the last quarter. Finally, Sei Investments Co. grew its stake in The Ultimate Software Group by 4.3% during the 4th quarter. Sei Investments Co. now owns 67,302 shares of the technology company’s stock valued at $14,687,000 after purchasing an additional 2,745 shares during the last quarter.

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About The Ultimate Software Group

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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