Marc D. Scherr Sells 32,156 Shares of The Ultimate Software Group, Inc. (ULTI) Stock

The Ultimate Software Group, Inc. (NASDAQ:ULTI) COO Marc D. Scherr sold 32,156 shares of the business’s stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $222.36, for a total value of $7,150,208.16. Following the transaction, the chief operating officer now owns 304,939 shares of the company’s stock, valued at approximately $67,806,236.04. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

Shares of The Ultimate Software Group, Inc. (NASDAQ:ULTI) traded up $5.98 during trading on Tuesday, reaching $230.95. The company’s stock had a trading volume of 226,602 shares, compared to its average volume of 320,953. 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 company has a market cap of $6,837.67, a P/E ratio of 468.69, a P/E/G ratio of 5.65 and a beta of 1.07. 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 announced its earnings results 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 Ultimate Software Group had a return on equity of 5.31% and a net margin of 1.59%. The firm had revenue of $251.43 million for the quarter, compared to the consensus estimate of $244.83 million. During the same quarter in the previous year, the business earned $0.91 EPS. The firm’s revenue for the quarter was up 19.4% on a year-over-year basis. equities research analysts predict that The Ultimate Software Group, Inc. will post 1.83 earnings per share for the current year.

Institutional investors and hedge funds have recently bought and sold shares of the company. Zions Bancorporation bought a new stake in shares of The Ultimate Software Group in the 3rd quarter worth $182,000. CIBC Asset Management Inc bought a new stake in shares of The Ultimate Software Group in the 4th quarter worth $213,000. FineMark National Bank & Trust bought a new stake in shares of The Ultimate Software Group in the 4th quarter worth $217,000. Nomura Holdings Inc. bought a new stake in shares of The Ultimate Software Group in the 2nd quarter worth $229,000. Finally, Banque Pictet & Cie SA bought a new stake in shares of The Ultimate Software Group in the 3rd quarter worth $209,000.

ULTI has been the subject of a number of analyst reports. Royal Bank of Canada restated a “buy” rating and set a $210.00 price objective on shares of The Ultimate Software Group in a research report on Friday, October 20th. Stifel Nicolaus boosted their price objective 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. Canaccord Genuity boosted their price objective 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. SunTrust Banks restated a “buy” rating and set a $225.00 price objective on shares of The Ultimate Software Group in a research report on Friday, November 3rd. Finally, BidaskClub upgraded The Ultimate Software Group from a “hold” rating to a “buy” rating in a research report on Thursday, December 21st. One analyst has rated the stock with a sell rating, five have given a hold rating and seventeen have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $243.90.

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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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