The Ultimate Software Group, Inc. (ULTI) Shares Bought by Brown Advisory Inc.

Brown Advisory Inc. raised its position in shares of The Ultimate Software Group, Inc. (NASDAQ:ULTI) by 0.6% in the fourth quarter, Holdings Channel reports. The fund owned 172,666 shares of the technology company’s stock after acquiring an additional 1,043 shares during the quarter. Brown Advisory Inc.’s holdings in The Ultimate Software Group were worth $37,681,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in ULTI. Zions Bancorporation acquired a new position in shares of The Ultimate Software Group during the third quarter valued at approximately $182,000. Banque Pictet & Cie SA acquired a new position in shares of The Ultimate Software Group during the third quarter valued at approximately $209,000. CIBC Asset Management Inc acquired a new position in shares of The Ultimate Software Group during the fourth quarter valued at approximately $213,000. FineMark National Bank & Trust acquired a new position in shares of The Ultimate Software Group during the fourth quarter valued at approximately $217,000. Finally, GSA Capital Partners LLP acquired a new position in shares of The Ultimate Software Group during the third quarter valued at approximately $232,000.

A number of equities analysts have commented on ULTI shares. Zacks Investment Research raised The Ultimate Software Group from a “sell” rating to a “hold” rating in a report on Tuesday, October 31st. Royal Bank of Canada increased their target price on The Ultimate Software Group from $210.00 to $220.00 and gave the company an “outperform” rating in a report on Thursday, November 2nd. Wells Fargo & Co reissued an “outperform” rating and set a $240.00 target price (up previously from $230.00) on shares of The Ultimate Software Group in a report on Thursday, November 2nd. Stifel Nicolaus increased their target price on The Ultimate Software Group from $235.00 to $250.00 and gave the company a “buy” rating in a report on Thursday, November 2nd. Finally, Wedbush reissued an “outperform” rating and set a $220.00 target price (down previously from $226.00) on shares of The Ultimate Software Group in a report on Thursday, November 2nd. One analyst has rated the stock with a sell rating, four have given a hold rating and eighteen have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $243.90.

In related news, CFO Mitchell K. Dauerman sold 28,125 shares of the stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $224.68, for a total value of $6,319,125.00. Following the completion of the transaction, the chief financial officer now directly owns 102,349 shares in the company, valued at $22,995,773.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Scott Scherr sold 32,166 shares of the stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $222.37, for a total value of $7,152,753.42. Following the completion of the transaction, the chief executive officer now owns 343,139 shares of the company’s stock, valued at $76,303,819.43. The disclosure for this sale can be found here. Insiders sold 284,019 shares of company stock valued at $63,840,036 over the last quarter. 4.90% of the stock is currently owned by company insiders.

Shares of The Ultimate Software Group, Inc. (NASDAQ ULTI) opened at $244.19 on Friday. The stock has a market capitalization of $7,300.00, a P/E ratio of 325.59, a PEG ratio of 6.10 and a beta of 1.07. The Ultimate Software Group, Inc. has a 52-week low of $181.59 and a 52-week high of $250.17. 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 Ultimate Software Group (NASDAQ:ULTI) last issued its quarterly earnings data on Tuesday, February 6th. The technology company reported $1.11 earnings per share for the quarter, topping the consensus estimate of $0.87 by $0.24. The company had revenue of $251.43 million during the quarter, compared to analyst estimates of $244.83 million. The Ultimate Software Group had a return on equity of 5.31% and a net margin of 1.59%. The firm’s revenue for the quarter was up 19.4% compared to the same quarter last year. During the same period in the prior year, the business posted $0.91 earnings per share. sell-side analysts predict that The Ultimate Software Group, Inc. will post 1.83 EPS for the current fiscal year.

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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.

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

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