Jefferies Group LLC boosted its holdings in shares of The Ultimate Software Group, Inc. (NASDAQ:ULTI) by 35.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 6,116 shares of the technology company’s stock after acquiring an additional 1,604 shares during the quarter. Jefferies Group LLC’s holdings in The Ultimate Software Group were worth $1,335,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also modified their holdings of the stock. Carillon Tower Advisers Inc. bought a new position in shares of The Ultimate Software Group in the fourth quarter valued at approximately $137,283,000. Janus Henderson Group PLC boosted its stake in The Ultimate Software Group by 10.5% during the third quarter. Janus Henderson Group PLC now owns 2,480,892 shares of the technology company’s stock worth $470,377,000 after buying an additional 235,848 shares in the last quarter. Bamco Inc. NY boosted its stake in 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 buying an additional 128,099 shares in the last quarter. Victory Capital Management Inc. boosted its stake in 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 buying an additional 79,585 shares in the last quarter. Finally, Amundi Pioneer Asset Management Inc. acquired a new stake in The Ultimate Software Group during the fourth quarter worth $14,502,000.
Several equities research analysts have recently commented on the stock. BidaskClub downgraded shares of The Ultimate Software Group from a “buy” rating to a “hold” rating in a research note on Tuesday, March 13th. Wedbush downgraded shares of The Ultimate Software Group from an “outperform” rating to a “neutral” rating and boosted their target price for the company from $234.00 to $255.00 in a research note on Wednesday, March 14th. Robert W. Baird lifted their price target on The Ultimate Software Group from $210.00 to $235.00 and gave the company a “neutral” rating in a report on Wednesday, February 7th. Canaccord Genuity lifted 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. Finally, ValuEngine raised The Ultimate Software Group from a “hold” rating to a “buy” rating in a report on Monday, April 2nd. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and eighteen have issued a buy rating to the company’s stock. The Ultimate Software Group currently has an average rating of “Buy” and a consensus target price of $244.95.
Shares of NASDAQ ULTI traded down $4.58 during trading hours on Friday, hitting $239.09. The company had a trading volume of 94,537 shares, compared to its average volume of 235,426. The Ultimate Software Group, Inc. has a 1-year low of $181.59 and a 1-year high of $257.93. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.01. The company has a market cap of $7,622.54, a PE ratio of 295.17, a PEG ratio of 6.02 and a beta of 0.97.
The Ultimate Software Group (NASDAQ:ULTI) last posted its quarterly earnings results on Tuesday, February 6th. The technology company reported $1.11 earnings per share for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $244.83 million. During the same quarter in the prior year, the business earned $0.91 EPS. The firm’s revenue for the quarter was up 19.4% on a year-over-year basis. sell-side analysts predict that The Ultimate Software Group, Inc. will post 1.83 EPS for the current fiscal year.
In other news, CEO Scott Scherr sold 32,166 shares of the stock in a transaction on Friday, February 9th. The stock was sold at an average price of $222.37, for a total transaction of $7,152,753.42. Following the sale, the chief executive officer now directly owns 343,139 shares of the company’s stock, valued at approximately $76,303,819.43. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, VP Robert Manne sold 5,000 shares of the stock in a transaction 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 sale, the vice president now directly owns 63,873 shares in the company, valued at $14,617,336.05. The disclosure for this sale can be found here. Insiders have sold a total of 284,019 shares of company stock worth $63,840,036 in the last quarter. Company insiders own 4.90% of the company’s stock.
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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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