The Ultimate Software Group, Inc. (NASDAQ:ULTI) CFO Mitchell K. Dauerman sold 28,125 shares of the business’s stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $224.68, for a total transaction of $6,319,125.00. Following the transaction, the chief financial officer now directly owns 102,349 shares of the company’s stock, valued at $22,995,773.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Shares of The Ultimate Software Group, Inc. (ULTI) traded up $5.98 during midday trading on Tuesday, reaching $230.95. 226,602 shares of the company traded hands, compared to its average volume of 320,953. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.18 and a quick ratio of 1.18. The company has a market capitalization of $6,837.67, a price-to-earnings ratio of 468.69, a price-to-earnings-growth ratio of 5.65 and a beta of 1.07. The Ultimate Software Group, Inc. has a 12 month low of $181.59 and a 12 month high of $242.93.
The Ultimate Software Group (NASDAQ:ULTI) last announced its earnings results on Tuesday, February 6th. The technology company reported $1.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.87 by $0.24. The company had revenue of $251.43 million during 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 5.31%. The firm’s quarterly revenue was up 19.4% compared to the same quarter last year. During the same period in the previous year, the business posted $0.91 earnings per share. analysts predict that The Ultimate Software Group, Inc. will post 1.83 EPS for the current fiscal year.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Zions Bancorporation bought a new position in shares of The Ultimate Software Group in the third quarter worth approximately $182,000. CIBC Asset Management Inc bought a new position in shares of The Ultimate Software Group in the fourth quarter worth approximately $213,000. FineMark National Bank & Trust bought a new position in shares of The Ultimate Software Group in the fourth quarter worth approximately $217,000. Nomura Holdings Inc. bought a new position in shares of The Ultimate Software Group in the second quarter worth approximately $229,000. Finally, Banque Pictet & Cie SA bought a new position in shares of The Ultimate Software Group in the third quarter worth approximately $209,000.
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.
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