Rick Wilber Sells 5,000 Shares of The Ultimate Software Group, Inc. (ULTI) Stock

The Ultimate Software Group, Inc. (NASDAQ:ULTI) Director Rick Wilber sold 5,000 shares of The Ultimate Software Group stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $244.96, for a total value of $1,224,800.00. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

The Ultimate Software Group, Inc. (NASDAQ:ULTI) traded down $0.82 on Friday, reaching $244.19. The company had a trading volume of 128,200 shares, compared to its average volume of 304,862. The Ultimate Software Group, Inc. has a fifty-two week low of $181.59 and a fifty-two week high of $250.17. The company has a market capitalization of $7,319.87, a price-to-earnings ratio of 284.89, a PEG ratio of 6.05 and a beta of 1.07. 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 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, topping the 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 for the quarter, compared to analyst estimates of $244.83 million. During the same quarter in the prior year, the company posted $0.91 earnings per share. The Ultimate Software Group’s revenue was up 19.4% on a year-over-year basis. equities research analysts anticipate that The Ultimate Software Group, Inc. will post 1.83 earnings per share for the current year.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ULTI. Captrust Financial Advisors bought a new stake in The Ultimate Software Group during the fourth quarter worth about $119,000. Zions Bancorporation bought a new stake in The Ultimate Software Group during the third quarter worth about $182,000. Banque Pictet & Cie SA bought a new stake in The Ultimate Software Group during the third quarter worth about $209,000. CIBC Asset Management Inc bought a new stake in The Ultimate Software Group during the fourth quarter worth about $213,000. Finally, FineMark National Bank & Trust bought a new stake in The Ultimate Software Group during the fourth quarter worth about $217,000.

Several research firms have weighed in on ULTI. BidaskClub upgraded The Ultimate Software Group from a “hold” rating to a “buy” rating in a report on Friday, February 16th. Bank of America lifted their target price on The Ultimate Software Group from $187.00 to $210.00 and gave the stock an “underperform” rating in a report on Thursday, February 8th. Stephens reiterated a “hold” rating and set a $240.00 target price on shares of The Ultimate Software Group in a 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 report on Wednesday, February 7th. Finally, Canaccord Genuity boosted their price target on The Ultimate Software Group from $240.00 to $245.00 and gave the company a “buy” rating in a report on Wednesday, February 7th. 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 stock currently has a consensus rating of “Buy” and a consensus price target of $243.90.

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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.

Insider Buying and Selling by Quarter for The Ultimate Software Group (NASDAQ:ULTI)

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