The Ultimate Software Group, Inc. (ULTI) Shares Bought by Chartwell Investment Partners LLC

Chartwell Investment Partners LLC raised its stake in The Ultimate Software Group, Inc. (NASDAQ:ULTI) by 5.6% in the 4th quarter, HoldingsChannel reports. The firm owned 19,324 shares of the technology company’s stock after acquiring an additional 1,029 shares during the quarter. Chartwell Investment Partners LLC’s holdings in The Ultimate Software Group were worth $4,217,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Janus Henderson Group PLC increased its stake 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 in the last quarter. Wells Fargo & Company MN increased its position in shares of The Ultimate Software Group by 2.7% during the third quarter. Wells Fargo & Company MN now owns 1,206,051 shares of the technology company’s stock worth $228,666,000 after acquiring an additional 31,945 shares in the last quarter. Eagle Asset Management Inc. increased its position in shares of The Ultimate Software Group by 0.8% during the third quarter. Eagle Asset Management Inc. now owns 675,629 shares of the technology company’s stock worth $128,639,000 after acquiring an additional 5,519 shares in the last quarter. Bamco Inc. NY increased its position 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 acquiring an additional 128,099 shares in the last quarter. Finally, Victory Capital Management Inc. increased its position 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 acquiring an additional 79,585 shares in the last quarter.

Shares of The Ultimate Software Group, Inc. (NASDAQ:ULTI) opened at $245.62 on Monday. The Ultimate Software Group, Inc. has a 52-week low of $181.59 and a 52-week high of $247.79. 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 cap of $7,338.14, a PE ratio of 511.71, a price-to-earnings-growth ratio of 6.07 and a beta of 1.07.

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

Several equities research analysts have recently commented on ULTI shares. Stifel Nicolaus boosted their target price on shares of The Ultimate Software Group from $235.00 to $250.00 and gave the stock a “buy” rating in a research report on Thursday, November 2nd. BidaskClub raised shares of The Ultimate Software Group from a “hold” rating to a “buy” rating in a research report on Thursday, December 21st. Mizuho reissued a “hold” rating and set a $200.00 target price on shares of The Ultimate Software Group in a research report on Thursday, December 14th. Canaccord Genuity boosted their target price on shares of The Ultimate Software Group from $225.00 to $240.00 and gave the stock a “buy” rating in a research report on Thursday, November 2nd. Finally, Zacks Investment Research raised shares of The Ultimate Software Group from a “sell” rating to a “hold” rating in a research report on Tuesday, October 31st. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and eighteen have given a buy rating to the company’s stock. The Ultimate Software Group presently has a consensus rating of “Buy” and an average target price of $243.90.

In other The Ultimate Software Group news, VP John C. Phenicie sold 7,088 shares of the business’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $226.48, for a total value of $1,605,290.24. Following the transaction, the vice president now directly owns 32,158 shares in the company, valued at $7,283,143.84. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director James A. Fitzpatrick, Jr. sold 4,230 shares of the business’s stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $228.63, for a total transaction of $967,104.90. Following the completion of the transaction, the director now owns 9,145 shares in the company, valued at $2,090,821.35. The disclosure for this sale can be found here. Insiders sold a total of 279,019 shares of company stock valued at $62,615,236 over the last ninety days. 4.90% of the stock is currently owned by insiders.

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About The Ultimate Software Group

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.

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

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