Insider Selling: James A. Fitzpatrick, Jr. Unloads 2,168 Shares of The Ultimate Software Group Stock (ULTI)
The Ultimate Software Group (NASDAQ:ULTI) Director James A. Fitzpatrick, Jr. unloaded 2,168 shares of The Ultimate Software Group stock on the open market in a transaction that occurred on Thursday, July 31st. The stock was sold at an average price of $141.18, for a total value of $306,078.24. Following the completion of the transaction, the director now directly owns 16,128 shares in the company, valued at approximately $2,276,951. The transaction was disclosed in a document filed with the SEC, which is available at this link.
Shares of The Ultimate Software Group (NASDAQ:ULTI) traded down 3.30% during mid-day trading on Friday, hitting $130.50. The stock had a trading volume of 361,615 shares. The Ultimate Software Group has a 52-week low of $109.50 and a 52-week high of $171.96. The stock’s 50-day moving average is $134.2 and its 200-day moving average is $139.9. The company has a market cap of $3.687 billion and a P/E ratio of 135.23.
The Ultimate Software Group (NASDAQ:ULTI) last announced its earnings results on Tuesday, July 29th. The company reported $0.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.43 by $0.03. The company had revenue of $122.00 million for the quarter, compared to the consensus estimate of $120.20 million. During the same quarter in the previous year, the company posted $0.34 earnings per share. The company’s revenue for the quarter was up 25.1% on a year-over-year basis. On average, analysts predict that The Ultimate Software Group will post $2.01 earnings per share for the current fiscal year.
A number of research firms have recently commented on ULTI. Analysts at Wedbush raised their price target on shares of The Ultimate Software Group from $129.00 to $139.00 in a research note on Thursday. Separately, analysts at Robert W. Baird raised their price target on shares of The Ultimate Software Group from $132.00 to $140.00 in a research note on Thursday. Finally, analysts at Canaccord Genuity raised their price target on shares of The Ultimate Software Group from $150.00 to $155.00 in a research note on Wednesday. They now have a “buy” rating on the stock. Three equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $160.08.
The Ultimate Software Group, Inc (NASDAQ:ULTI) is a provider of cloud-based human capital management (HCM).
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