Mitchell K. Dauerman Sells 8,537 Shares of The Ultimate Software Group, Inc. (ULTI) Stock

The Ultimate Software Group, Inc. (NASDAQ:ULTI) CFO Mitchell K. Dauerman sold 8,537 shares of The Ultimate Software Group stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $222.53, for a total transaction of $1,899,738.61. Following the completion of the sale, the chief financial officer now owns 102,349 shares of the company’s stock, valued at $22,775,722.97. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Shares of The Ultimate Software Group, Inc. (NASDAQ:ULTI) traded up $5.98 during trading hours on Tuesday, hitting $230.95. 226,602 shares of the stock traded hands, compared to its average volume of 320,953. The firm has a market capitalization of $6,837.67, a P/E ratio of 468.69, a PEG ratio of 5.65 and a beta of 1.07. 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 52 week low of $181.59 and a 52 week high of $242.93.

The Ultimate Software Group (NASDAQ:ULTI) last announced its quarterly earnings results on Tuesday, February 6th. The technology company reported $1.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.87 by $0.24. The company had revenue of $251.43 million during the quarter, compared to the consensus estimate of $244.83 million. The Ultimate Software Group had a net margin of 1.59% and a return on equity of 5.31%. The company’s revenue for the quarter was up 19.4% compared to the same quarter last year. During the same period in the prior year, the business earned $0.91 earnings per share. sell-side analysts expect that The Ultimate Software Group, Inc. will post 1.83 earnings per share for the current fiscal year.

ULTI has been the subject of a number of analyst reports. Royal Bank of Canada reiterated a “buy” rating and issued a $210.00 price target on shares of The Ultimate Software Group in a research report on Friday, October 20th. Stifel Nicolaus lifted their price target on shares of 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 lifted their price target on shares of 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 reiterated a “buy” rating and issued a $225.00 price target on shares of The Ultimate Software Group in a research report on Friday, November 3rd. Finally, BidaskClub upgraded shares of 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 issued a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $243.90.

Several large investors have recently made changes to their positions in ULTI. Carillon Tower Advisers Inc. acquired a new position in shares of The Ultimate Software Group during the fourth quarter worth $137,283,000. Janus Henderson Group PLC increased its holdings in shares of The Ultimate Software Group by 10.5% during the third quarter. Janus Henderson Group PLC now owns 2,480,892 shares of the technology company’s stock worth $470,377,000 after buying an additional 235,848 shares in the last quarter. Bamco Inc. NY increased its holdings in shares of The Ultimate Software Group by 32.6% during the third quarter. Bamco Inc. NY now owns 520,740 shares of the technology company’s stock worth $98,732,000 after buying an additional 128,099 shares in the last quarter. Victory Capital Management Inc. increased its holdings in shares of The Ultimate Software Group by 21.1% during the fourth quarter. Victory Capital Management Inc. now owns 456,014 shares of the technology company’s stock worth $99,516,000 after buying an additional 79,585 shares in the last quarter. Finally, Amundi Pioneer Asset Management Inc. acquired a new position in shares of The Ultimate Software Group during the fourth quarter worth $14,502,000.

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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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