The Ultimate Software Group, Inc. (ULTI) Position Lifted by Tygh Capital Management Inc.

Tygh Capital Management Inc. increased its stake in shares of The Ultimate Software Group, Inc. (NASDAQ:ULTI) by 68.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 52,249 shares of the technology company’s stock after purchasing an additional 21,319 shares during the quarter. The Ultimate Software Group accounts for 2.7% of Tygh Capital Management Inc.’s holdings, making the stock its 4th largest holding. Tygh Capital Management Inc.’s holdings in The Ultimate Software Group were worth $12,794,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Cowbird Capital LP acquired a new position in shares of The Ultimate Software Group during the 4th quarter worth about $7,197,000. Morgan Stanley lifted its holdings in shares of The Ultimate Software Group by 189.6% in the 3rd quarter. Morgan Stanley now owns 156,289 shares of the technology company’s stock valued at $50,356,000 after purchasing an additional 102,320 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of The Ultimate Software Group by 2.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 87,255 shares of the technology company’s stock valued at $28,113,000 after purchasing an additional 2,481 shares during the last quarter. Quantamental Technologies LLC purchased a new stake in shares of The Ultimate Software Group in the 4th quarter valued at about $367,000. Finally, Mondrian Capital Management LLC purchased a new stake in shares of The Ultimate Software Group in the 4th quarter valued at about $245,000. 96.74% of the stock is owned by hedge funds and other institutional investors.

ULTI traded up $0.51 on Tuesday, hitting $332.01. 78,854 shares of the company traded hands, compared to its average volume of 607,229. The company has a quick ratio of 1.04, a current ratio of 1.07 and a debt-to-equity ratio of 0.01. The company has a market cap of $10.37 billion, a PE ratio of 138.91, a P/E/G ratio of 6.30 and a beta of 1.25. The Ultimate Software Group, Inc. has a 12-month low of $219.97 and a 12-month high of $365.86.

The Ultimate Software Group (NASDAQ:ULTI) last posted its quarterly earnings data on Monday, February 4th. The technology company reported $1.95 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.58 by $1.37. The firm had revenue of $304.80 million during the quarter, compared to the consensus estimate of $300.60 million. The Ultimate Software Group had a return on equity of 9.90% and a net margin of 5.71%. The firm’s revenue was up 21.2% compared to the same quarter last year. During the same period in the prior year, the business earned $1.11 EPS. As a group, sell-side analysts expect that The Ultimate Software Group, Inc. will post 2.48 EPS for the current fiscal year.

In other The Ultimate Software Group news, Director James A. Fitzpatrick, Jr. sold 531 shares of the business’s stock in a transaction that occurred on Thursday, February 7th. The stock was sold at an average price of $332.00, for a total transaction of $176,292.00. Following the transaction, the director now owns 9,937 shares in the company, valued at approximately $3,299,084. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP John C. Phenicie sold 5,000 shares of the business’s stock in a transaction that occurred on Thursday, February 7th. The stock was sold at an average price of $331.97, for a total value of $1,659,850.00. Following the transaction, the vice president now owns 51,677 shares in the company, valued at approximately $17,155,213.69. The disclosure for this sale can be found here. 3.00% of the stock is owned by corporate insiders.

Several research firms have recently weighed in on ULTI. Deutsche Bank downgraded The Ultimate Software Group from a “buy” rating to a “hold” rating in a report on Tuesday, February 5th. Roth Capital downgraded The Ultimate Software Group from a “buy” rating to a “neutral” rating in a report on Monday, February 4th. Jefferies Financial Group downgraded The Ultimate Software Group from a “buy” rating to a “hold” rating and set a $332.54 target price for the company. in a report on Tuesday, February 5th. SunTrust Banks boosted their target price on The Ultimate Software Group to $331.50 in a report on Wednesday, February 6th. Finally, BidaskClub raised The Ultimate Software Group from a “sell” rating to a “hold” rating in a report on Friday, November 23rd. One analyst has rated the stock with a sell rating, eleven have given a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The Ultimate Software Group presently has an average rating of “Hold” and a consensus target price of $314.60.

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The Ultimate Software Group Profile

The Ultimate Software Group, Inc provides cloud-based human capital management solutions primarily to enterprise companies in the United States and Canada. The company's UltiPro software solution delivers the functionality businesses need to manage the employee life cycle from recruitment to retirement.

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

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