The Ultimate Software Group, Inc. (ULTI) Holdings Lifted by Credit Suisse AG

Credit Suisse AG boosted its stake in shares of The Ultimate Software Group, Inc. (NASDAQ:ULTI) by 51.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 36,113 shares of the technology company’s stock after buying an additional 12,295 shares during the quarter. Credit Suisse AG owned 0.12% of The Ultimate Software Group worth $11,635,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Swiss National Bank grew its position in The Ultimate Software Group by 0.4% during the third quarter. Swiss National Bank now owns 50,726 shares of the technology company’s stock worth $16,343,000 after buying an additional 200 shares during the period. Liberty Mutual Group Asset Management Inc. grew its position in shares of The Ultimate Software Group by 3.6% in the second quarter. Liberty Mutual Group Asset Management Inc. now owns 5,791 shares of the technology company’s stock valued at $1,490,000 after purchasing an additional 201 shares during the last quarter. PNC Financial Services Group Inc. grew its position in shares of The Ultimate Software Group by 4.8% in the second quarter. PNC Financial Services Group Inc. now owns 4,741 shares of the technology company’s stock valued at $1,219,000 after purchasing an additional 217 shares during the last quarter. Macquarie Group Ltd. grew its position in shares of The Ultimate Software Group by 3.1% in the second quarter. Macquarie Group Ltd. now owns 8,416 shares of the technology company’s stock valued at $2,165,000 after purchasing an additional 251 shares during the last quarter. Finally, State of Alaska Department of Revenue grew its position in shares of The Ultimate Software Group by 7.3% in the third quarter. State of Alaska Department of Revenue now owns 3,722 shares of the technology company’s stock valued at $1,199,000 after purchasing an additional 252 shares during the last quarter. Institutional investors own 97.01% of the company’s stock.

Shares of ULTI opened at $250.19 on Friday. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.01. The company has a market cap of $7.98 billion, a P/E ratio of 308.88, a PEG ratio of 5.69 and a beta of 1.19. The Ultimate Software Group, Inc. has a 1 year low of $205.01 and a 1 year high of $332.43.

The Ultimate Software Group (NASDAQ:ULTI) last announced its quarterly earnings data on Tuesday, October 30th. The technology company reported $1.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.32 by $0.01. The business had revenue of $287.83 million for the quarter, compared to the consensus estimate of $287.22 million. The Ultimate Software Group had a net margin of 4.57% and a return on equity of 8.17%. The company’s quarterly revenue was up 21.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.05 earnings per share. On average, equities analysts predict that The Ultimate Software Group, Inc. will post 2.11 EPS for the current year.

Several analysts have recently commented on the stock. Needham & Company LLC increased their price target on shares of The Ultimate Software Group to $370.00 and gave the company a “buy” rating in a research report on Monday, September 17th. Bank of America increased their price target on shares of The Ultimate Software Group from $258.00 to $266.00 and gave the company an “underperform” rating in a research report on Wednesday, September 26th. Jefferies Financial Group assumed coverage on shares of The Ultimate Software Group in a research report on Monday, October 1st. They issued a “buy” rating and a $370.00 price target on the stock. BidaskClub lowered shares of The Ultimate Software Group from a “strong-buy” rating to a “buy” rating in a research report on Thursday, September 20th. Finally, Piper Jaffray Companies reiterated an “overweight” rating and issued a $360.00 price target on shares of The Ultimate Software Group in a research report on Monday, August 27th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and thirteen have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $296.38.

In other The Ultimate Software Group news, VP Gregory Swick sold 4,252 shares of the stock in a transaction that occurred on Tuesday, November 6th. The shares were sold at an average price of $257.00, for a total transaction of $1,092,764.00. Following the transaction, the vice president now owns 25,460 shares of the company’s stock, valued at $6,543,220. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director James A. Fitzpatrick, Jr. sold 494 shares of the stock in a transaction that occurred on Friday, November 2nd. The stock was sold at an average price of $267.20, for a total transaction of $131,996.80. Following the transaction, the director now directly owns 9,969 shares in the company, valued at approximately $2,663,716.80. The disclosure for this sale can be found here. Corporate insiders own 3.00% of the company’s stock.

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The Ultimate Software Group Company Profile

The Ultimate Software Group, Inc provides cloud-based human capital management solutions primarily to enterprise companies in the United States and Canada. The company's UltiPro software solution delivers the functionality businesses to manage the employee life cycle from recruitment to retirement.

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Institutional Ownership by Quarter for The Ultimate Software Group (NASDAQ:ULTI)

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