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The Ultimate Software Group (NASDAQ:ULTI) COO Marc D. Scherr unloaded 25,000 shares of the stock on the open market in a transaction that occurred on Thursday, July 31st. The stock was sold at an average price of $136.09, for a total transaction of $3,402,250.00. Following the transaction, the chief operating officer now directly owns 235,344 shares in the company, valued at approximately $32,027,965. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Several analysts have recently commented on the stock. 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 analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. The Ultimate Software Group presently has an average rating of “Buy” and an average target price of $160.08.

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 issued its quarterly earnings data on Tuesday, July 29th. The company reported $0.46 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.34 earnings per share. The Ultimate Software Group’s revenue was up 25.1% compared to the same quarter last year. On average, analysts predict that The Ultimate Software Group will post $2.01 earnings per share for the current fiscal year.

The Ultimate Software Group, Inc (NASDAQ:ULTI) is a provider of cloud-based human capital management (HCM).

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