Scott Scherr Sells 32,166 Shares of The Ultimate Software Group, Inc. (ULTI) Stock

The Ultimate Software Group, Inc. (NASDAQ:ULTI) CEO Scott Scherr sold 32,166 shares of the business’s stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $222.37, for a total value of $7,152,753.42. Following the completion of the sale, the chief executive officer now owns 343,139 shares of the company’s stock, valued at approximately $76,303,819.43. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Scott Scherr also recently made the following trade(s):

  • On Monday, February 12th, Scott Scherr sold 110,522 shares of The Ultimate Software Group stock. The shares were sold at an average price of $224.58, for a total value of $24,821,030.76.

The Ultimate Software Group, Inc. (ULTI) traded up $5.98 during trading on Tuesday, hitting $230.95. The stock had a trading volume of 226,602 shares, compared to its average volume of 320,953. The Ultimate Software Group, Inc. has a twelve month low of $181.59 and a twelve month high of $242.93. 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 stock has a market capitalization of $6,837.67, a PE ratio of 468.69, a PEG ratio of 5.65 and a beta of 1.07.

The Ultimate Software Group (NASDAQ:ULTI) last released its quarterly earnings results on Tuesday, February 6th. The technology company reported $1.11 EPS for the quarter, topping the Thomson Reuters’ 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 business had revenue of $251.43 million during the quarter, compared to analysts’ expectations of $244.83 million. During the same quarter in the prior year, the business earned $0.91 earnings per share. The company’s quarterly revenue was up 19.4% compared to the same quarter last year. sell-side analysts expect that The Ultimate Software Group, Inc. will post 1.83 EPS for the current fiscal year.

ULTI has been the subject of a number of research reports. Royal Bank of Canada reiterated a “buy” rating and issued a $210.00 price objective on shares of The Ultimate Software Group in a research note 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 note 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 note on Thursday, November 2nd. SunTrust Banks reiterated a “buy” rating and issued a $225.00 price objective on shares of The Ultimate Software Group in a research note on Friday, November 3rd. Finally, BidaskClub upgraded The Ultimate Software Group from a “hold” rating to a “buy” rating in a research note on Thursday, December 21st. One research analyst has rated the stock with a sell rating, five have given a hold rating and seventeen have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $243.90.

Large investors have recently added to or reduced their stakes in the business. Zions Bancorporation purchased a new position in The Ultimate Software Group in the third quarter worth $182,000. Banque Pictet & Cie SA purchased a new position in The Ultimate Software Group in the third quarter worth $209,000. CIBC Asset Management Inc purchased a new position in The Ultimate Software Group in the fourth quarter worth $213,000. FineMark National Bank & Trust purchased a new position in The Ultimate Software Group in the fourth quarter worth $217,000. Finally, Nomura Holdings Inc. purchased a new position in The Ultimate Software Group in the second quarter worth $229,000.

COPYRIGHT VIOLATION WARNING: This story was reported by American Banking News and is the property of of American Banking News. If you are viewing this story on another website, it was stolen and reposted in violation of international trademark & copyright laws. The legal version of this story can be accessed at https://www.americanbankingnews.com/2018/02/13/scott-scherr-sells-32166-shares-of-the-ultimate-software-group-inc-ulti-stock.html.

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)

Receive News & Ratings for The Ultimate Software Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Ultimate Software Group and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply