The Ultimate Software Group, Inc. (ULTI) Chairman Sells $24,821,030.76 in Stock

The Ultimate Software Group, Inc. (NASDAQ:ULTI) Chairman Scott Scherr sold 110,522 shares of the business’s stock in a transaction on Monday, February 12th. The stock was sold at an average price of $224.58, for a total transaction of $24,821,030.76. Following the sale, the chairman now directly owns 343,139 shares in the company, valued at approximately $77,062,156.62. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

  • On Friday, February 9th, Scott Scherr sold 32,166 shares of The Ultimate Software Group stock. The stock was sold at an average price of $222.37, for a total transaction of $7,152,753.42.

The Ultimate Software Group, Inc. (ULTI) traded up $5.98 during mid-day trading on Tuesday, reaching $230.95. 226,602 shares of the company traded hands, compared to its average volume of 320,953. The firm 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 company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.01. The Ultimate Software Group, Inc. has a 1-year low of $181.59 and a 1-year high of $242.93.

The Ultimate Software Group (NASDAQ:ULTI) last released 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 business 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 5.31%. The Ultimate Software Group’s revenue for the quarter was up 19.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.91 earnings per share. equities analysts anticipate that The Ultimate Software Group, Inc. will post 1.83 earnings per share for the current year.

A number of research firms have weighed in on ULTI. Bank of America boosted their target price on shares of The Ultimate Software Group from $187.00 to $210.00 and gave the stock an “underperform” rating in a research note on Thursday, February 8th. Stephens reissued a “hold” rating and issued a $240.00 price objective on shares of The Ultimate Software Group in a research note on Wednesday, February 7th. Robert W. Baird boosted their price objective on shares of The Ultimate Software Group from $210.00 to $235.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 7th. Canaccord Genuity boosted their price objective on shares of The Ultimate Software Group from $240.00 to $245.00 and gave the stock a “buy” rating in a research note on Wednesday, February 7th. Finally, SunTrust Banks boosted their price objective on shares of The Ultimate Software Group to $250.00 and gave the stock a “buy” rating in a research note on Wednesday, February 7th. One research 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 price target of $243.90.

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

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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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