Insider Selling: The Ultimate Software Group VP Unloads 5,000 Shares of Stock (ULTI)
The Ultimate Software Group (NASDAQ:ULTI) VP Robert Manne sold 5,000 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 $139.20, for a total value of $696,000.00. Following the completion of the transaction, the vice president now directly owns 94,302 shares of the company’s stock, valued at approximately $13,126,838. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
The Ultimate Software Group (NASDAQ:ULTI) traded down 3.30% 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 has a 50-day moving average of $134.2 and a 200-day moving average of $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.
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 investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. The stock currently 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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