The Ultimate Software Group Director Leroy Vander Putten Sells 10,000 Shares (ULTI)
The Ultimate Software Group (NASDAQ:ULTI) Director Leroy Vander Putten sold 10,000 shares of The Ultimate Software Group stock on the open market in a transaction that occurred on Thursday, August 7th. The stock was sold at an average price of $132.71, for a total value of $1,327,100.00. Following the transaction, the director now directly owns 55,211 shares in the company, valued at approximately $7,327,052. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
A number of analysts have recently weighed in on ULTI shares. 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, July 31st. 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, July 31st. 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, July 30th. They now have a “buy” rating on the stock. Two 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 a consensus target price of $160.45.
The Ultimate Software Group (NASDAQ:ULTI) traded up 0.67% during mid-day trading on Friday, hitting $133.83. 259,053 shares of the company’s stock traded hands. The Ultimate Software Group has a one year low of $109.50 and a one year high of $171.96. The stock has a 50-day moving average of $133.8 and a 200-day moving average of $139.0. The company has a market cap of $3.781 billion and a P/E ratio of 133.21.
The Ultimate Software Group (NASDAQ:ULTI) last posted its quarterly 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. Analysts expect that The Ultimate Software Group will post $2.01 EPS 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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