Insider Selling: The Ultimate Software Group, Inc. (ULTI) Director Sells 4,230 Shares of Stock

The Ultimate Software Group, Inc. (NASDAQ:ULTI) Director James A. Fitzpatrick, Jr. sold 4,230 shares of the company’s stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $228.63, for a total transaction of $967,104.90. Following the sale, the director now directly owns 9,145 shares of the company’s stock, valued at $2,090,821.35. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Shares of The Ultimate Software Group, Inc. (NASDAQ ULTI) traded down $10.08 on Thursday, reaching $222.09. 585,784 shares of the company traded hands, compared to its average volume of 274,583. The company has a market capitalization of $6,620.00, a price-to-earnings ratio of 482.80, a PEG ratio of 8.03 and a beta of 1.07. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.18 and a current ratio of 1.18. The Ultimate Software Group, Inc. has a 52-week low of $181.59 and a 52-week high of $242.93.

The Ultimate Software Group (NASDAQ:ULTI) last issued its quarterly earnings data on Tuesday, February 6th. The technology company reported $1.11 earnings per share for the quarter, beating the consensus estimate of $0.87 by $0.24. The firm had revenue of $251.43 million for the quarter, compared to analyst estimates of $244.83 million. The Ultimate Software Group had a net margin of 1.59% and a return on equity of 5.39%. The company’s revenue for the quarter was up 19.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.91 earnings per share. research analysts expect that The Ultimate Software Group, Inc. will post 1.32 EPS for the current year.

A number of analysts have commented on ULTI shares. Stifel Nicolaus upped their price objective on shares of The Ultimate Software Group from $235.00 to $250.00 and gave the company a “buy” rating in a research note on Thursday, November 2nd. Mizuho reissued a “hold” rating and issued a $200.00 price target on shares of The Ultimate Software Group in a research report on Thursday, December 14th. Zacks Investment Research raised shares of The Ultimate Software Group from a “sell” rating to a “hold” rating in a research report on Wednesday, October 11th. Wedbush reissued an “outperform” rating and issued a $234.00 price target (up from $226.00) on shares of The Ultimate Software Group in a research report on Wednesday. Finally, SunTrust Banks increased their price target on shares of The Ultimate Software Group to $250.00 and gave the stock a “buy” rating in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and eighteen have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $244.19.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Balyasny Asset Management LLC raised its position in The Ultimate Software Group by 0.6% during the second quarter. Balyasny Asset Management LLC now owns 1,668 shares of the technology company’s stock valued at $350,000 after acquiring an additional 10 shares in the last quarter. Ameritas Investment Partners Inc. raised its position in The Ultimate Software Group by 2.0% during the second quarter. Ameritas Investment Partners Inc. now owns 8,893 shares of the technology company’s stock valued at $1,868,000 after acquiring an additional 172 shares in the last quarter. Oregon Public Employees Retirement Fund raised its position in The Ultimate Software Group by 2.7% during the third quarter. Oregon Public Employees Retirement Fund now owns 10,955 shares of the technology company’s stock valued at $2,077,000 after acquiring an additional 288 shares in the last quarter. DF Dent & Co. Inc. raised its position in The Ultimate Software Group by 12.3% during the third quarter. DF Dent & Co. Inc. now owns 2,787 shares of the technology company’s stock valued at $528,000 after acquiring an additional 305 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. raised its position in The Ultimate Software Group by 8.2% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 4,827 shares of the technology company’s stock valued at $1,014,000 after acquiring an additional 366 shares in the last quarter.

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The Ultimate Software Group Company Profile

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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