The Ultimate Software Group Director Sells $511,700 in Stock (ULTI)
The Ultimate Software Group (NASDAQ:ULTI) Director Leroy Vander Putten sold 3,500 shares of the stock in a transaction that occurred on Wednesday, August 13th. The stock was sold at an average price of $146.20, for a total value of $511,700.00. Following the sale, the director now directly owns 48,211 shares of the company’s stock, valued at approximately $7,048,448. The sale was disclosed in a legal filing with the SEC, which is available at this link.
The Ultimate Software Group (NASDAQ:ULTI) traded down 1.31% on Thursday, hitting $144.19. The stock had a trading volume of 4,495,955 shares. The Ultimate Software Group has a 1-year low of $109.50 and a 1-year high of $171.96. The stock’s 50-day moving average is $134.6 and its 200-day moving average is $138.6. The company has a market cap of $4.075 billion and a P/E ratio of 146.40.
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.
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 issued a buy rating to the company. The Ultimate Software Group currently has a consensus rating of “Buy” and a consensus target price of $160.45.
The Ultimate Software Group, Inc (NASDAQ:ULTI) is a provider of cloud-based human capital management (HCM).
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