The Ultimate Software Group, Inc. (NASDAQ:ULTI) Director Alois T. Leiter sold 5,559 shares of the company’s stock in a transaction on Friday, November 10th. The shares were sold at an average price of $198.16, for a total value of $1,101,571.44. Following the completion of the sale, the director now owns 165,596 shares in the company, valued at $32,814,503.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Shares of The Ultimate Software Group, Inc. (ULTI) traded down $0.40 on Tuesday, hitting $198.00. The stock had a trading volume of 271,700 shares, compared to its average volume of 321,687. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.01. The Ultimate Software Group, Inc. has a twelve month low of $180.29 and a twelve month high of $233.42. The firm has a market capitalization of $5,910.00, a price-to-earnings ratio of 188.95, a PEG ratio of 15.38 and a beta of 1.09.

The Ultimate Software Group (NASDAQ:ULTI) last issued its quarterly earnings results on Wednesday, November 1st. The technology company reported $1.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.88 by $0.17. The Ultimate Software Group had a return on equity of 6.84% and a net margin of 3.31%. The business had revenue of $236.11 million for the quarter, compared to analyst estimates of $232.92 million. During the same quarter in the prior year, the firm posted $0.78 earnings per share. The firm’s revenue for the quarter was up 19.9% compared to the same quarter last year. equities analysts predict that The Ultimate Software Group, Inc. will post 0.63 EPS for the current fiscal year.

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Institutional investors and hedge funds have recently modified their holdings of the company. Creative Planning lifted its stake in shares of The Ultimate Software Group by 257.4% during the second quarter. Creative Planning now owns 504 shares of the technology company’s stock valued at $106,000 after acquiring an additional 363 shares during the period. Huntington National Bank lifted its stake in shares of The Ultimate Software Group by 24.7% during the second quarter. Huntington National Bank now owns 857 shares of the technology company’s stock valued at $180,000 after acquiring an additional 170 shares during the period. Benjamin F. Edwards & Company Inc. lifted its stake in shares of The Ultimate Software Group by 23.1% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 873 shares of the technology company’s stock valued at $183,000 after acquiring an additional 164 shares during the period. FineMark National Bank & Trust acquired a new position in shares of The Ultimate Software Group during the second quarter valued at $200,000. Finally, ETRADE Capital Management LLC acquired a new position in shares of The Ultimate Software Group during the second quarter valued at $201,000.

ULTI has been the topic of a number of analyst reports. Stifel Nicolaus upped their price target on The Ultimate Software Group from $235.00 to $250.00 and gave the company a “buy” rating in a research report on Thursday, November 2nd. Zacks Investment Research upgraded The Ultimate Software Group from a “sell” rating to a “hold” rating in a research report on Wednesday, October 11th. Royal Bank Of Canada reiterated a “buy” rating and issued a $216.00 price target on shares of The Ultimate Software Group in a research report on Tuesday, October 10th. Piper Jaffray Companies reiterated an “overweight” rating and issued a $250.00 price target on shares of The Ultimate Software Group in a research report on Saturday, July 22nd. Finally, Canaccord Genuity upped their price target on The Ultimate Software Group from $225.00 to $240.00 and gave the company a “buy” rating in a research report on Thursday, November 2nd. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and sixteen have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $231.58.

About The Ultimate Software Group

The Ultimate Software Group, Inc (Ultimate) is a cloud provider of people management solutions, referred to as human capital management (HCM). The Company’s UltiPro product suite (UltiPro) is an engaging solution that has human resources (HR), payroll and benefits management. As of December 31, 2016, UltiPro included global people management, available in 14 languages with more than 35 country-specific localizations.

Insider Buying and Selling by Quarter for The Ultimate Software Group (NASDAQ:ULTI)

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