The Ultimate Software Group Director Unloads $478,030 in Stock (ULTI)
The Ultimate Software Group (NASDAQ:ULTI) Director Leroy Vander Putten sold 3,500 shares of the company’s stock on the open market in a transaction that occurred on Monday, August 11th. The stock was sold at an average price of $136.58, for a total value of $478,030.00. Following the completion of the sale, the director now directly owns 51,711 shares in the company, valued at approximately $7,062,688. The sale was disclosed in a document filed with the SEC, 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 research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $160.45.
The Ultimate Software Group (NASDAQ:ULTI) traded up 5.61% during mid-day trading on Tuesday, hitting $144.48. The stock had a trading volume of 1,121,349 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 $134.1 and its 200-day moving average is $138.5. The company has a market cap of $4.083 billion and a P/E ratio of 137.07.
The Ultimate Software Group (NASDAQ:ULTI) last issued its quarterly earnings data on Tuesday, July 29th. The company reported $0.46 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $0.34 earnings per share. The company’s quarterly revenue 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.
The Ultimate Software Group, Inc (NASDAQ:ULTI) is a provider of cloud-based human capital management (HCM).
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