Cobiz Wealth LLC Has $5.08 Million Stake in The Ultimate Software Group, Inc. (ULTI)

Cobiz Wealth LLC lowered its position in The Ultimate Software Group, Inc. (NASDAQ:ULTI) by 1.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 23,294 shares of the technology company’s stock after selling 463 shares during the quarter. Cobiz Wealth LLC owned 0.08% of The Ultimate Software Group worth $5,083,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently modified their holdings of the stock. Janus Henderson Group PLC raised its position in The Ultimate Software Group by 10.5% in the third quarter. Janus Henderson Group PLC now owns 2,480,892 shares of the technology company’s stock valued at $470,377,000 after purchasing an additional 235,848 shares during the period. BlackRock Inc. raised its position in The Ultimate Software Group by 1.4% in the second quarter. BlackRock Inc. now owns 2,421,091 shares of the technology company’s stock valued at $508,574,000 after purchasing an additional 32,430 shares during the period. Vanguard Group Inc. raised its position in The Ultimate Software Group by 3.2% in the second quarter. Vanguard Group Inc. now owns 2,300,574 shares of the technology company’s stock valued at $483,258,000 after purchasing an additional 71,422 shares during the period. Wells Fargo & Company MN raised its position in The Ultimate Software Group by 2.7% in the third quarter. Wells Fargo & Company MN now owns 1,206,051 shares of the technology company’s stock valued at $228,666,000 after purchasing an additional 31,945 shares during the period. Finally, Wasatch Advisors Inc. raised its position in The Ultimate Software Group by 4.0% in the second quarter. Wasatch Advisors Inc. now owns 885,221 shares of the technology company’s stock valued at $185,950,000 after purchasing an additional 33,692 shares during the period.

Shares of The Ultimate Software Group, Inc. (ULTI) opened at $239.77 on Thursday. 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 firm has a market capitalization of $6,721.16, a PE ratio of 499.52, a P/E/G ratio of 5.56 and a beta of 1.07. The Ultimate Software Group, Inc. has a fifty-two week low of $181.59 and a fifty-two week high of $242.93.

The Ultimate Software Group (NASDAQ:ULTI) last announced its quarterly earnings data on Tuesday, February 6th. The technology company reported $1.11 earnings per share for the quarter, beating 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 firm had revenue of $251.43 million during the quarter, compared to analyst estimates of $244.83 million. During the same period in the previous year, the company earned $0.91 earnings per share. The Ultimate Software Group’s quarterly revenue was up 19.4% on a year-over-year basis. equities analysts anticipate that The Ultimate Software Group, Inc. will post 1.83 EPS for the current year.

In other The Ultimate Software Group news, VP Robert Manne sold 5,000 shares of The Ultimate Software Group stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $228.85, for a total value of $1,144,250.00. Following the completion of the transaction, the vice president now directly owns 63,873 shares in the company, valued at $14,617,336.05. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, COO Marc D. Scherr sold 32,156 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 $222.36, for a total value of $7,150,208.16. Following the completion of the transaction, the chief operating officer now owns 304,939 shares of the company’s stock, valued at $67,806,236.04. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 279,019 shares of company stock valued at $62,615,236. 4.90% of the stock is currently owned by insiders.

Several research firms have commented on ULTI. Bank of America raised their price objective on The Ultimate Software Group from $187.00 to $210.00 and gave the company an “underperform” rating in a research report on Thursday, February 8th. Stephens reaffirmed a “hold” rating and set a $240.00 target price on shares of The Ultimate Software Group in a research report on Wednesday, February 7th. Robert W. Baird lifted their target price on The Ultimate Software Group from $210.00 to $235.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 7th. Canaccord Genuity lifted their target price on The Ultimate Software Group from $240.00 to $245.00 and gave the stock a “buy” rating in a research report on Wednesday, February 7th. Finally, SunTrust Banks lifted their target price on The Ultimate Software Group to $250.00 and gave the stock a “buy” rating in a research report on Wednesday, February 7th. 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 stock has a consensus rating of “Buy” and a consensus price target of $243.90.

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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.

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

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