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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 dated Wednesday, August 13th. The shares were 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 in the company, valued at approximately $7,048,448. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

ULTI has been the subject of a number of recent research reports. 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 company currently has a consensus rating of “Buy” and a consensus price target of $160.45.

Shares of The Ultimate Software Group (NASDAQ:ULTI) traded up 0.74% during mid-day trading on Monday, hitting $143.58. The stock had a trading volume of 7,260 shares. The Ultimate Software Group has a 1-year low of $109.50 and a 1-year high of $171.96. The stock has a 50-day moving average of $134.8 and a 200-day moving average of $138.5. The company has a market cap of $4.058 billion and a P/E ratio of 142.82.

The Ultimate Software Group (NASDAQ:ULTI) last posted 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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