California State Teachers Retirement System Reduces Holdings in The Ultimate Software Group, Inc. (ULTI)

California State Teachers Retirement System cut its holdings in The Ultimate Software Group, Inc. (NASDAQ:ULTI) by 3.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 43,596 shares of the technology company’s stock after selling 1,529 shares during the quarter. California State Teachers Retirement System owned about 0.14% of The Ultimate Software Group worth $10,624,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the business. BlackRock Inc. raised its position in The Ultimate Software Group by 4.0% in the first quarter. BlackRock Inc. now owns 2,474,730 shares of the technology company’s stock worth $603,089,000 after acquiring an additional 95,410 shares in the last quarter. Eagle Asset Management Inc. raised its position in The Ultimate Software Group by 0.5% in the first quarter. Eagle Asset Management Inc. now owns 697,120 shares of the technology company’s stock worth $169,888,000 after acquiring an additional 3,594 shares in the last quarter. Bamco Inc. NY raised its position in The Ultimate Software Group by 1.7% in the fourth quarter. Bamco Inc. NY now owns 529,421 shares of the technology company’s stock worth $115,536,000 after acquiring an additional 8,681 shares in the last quarter. TimesSquare Capital Management LLC raised its position in The Ultimate Software Group by 6.4% in the fourth quarter. TimesSquare Capital Management LLC now owns 458,930 shares of the technology company’s stock worth $100,152,000 after acquiring an additional 27,710 shares in the last quarter. Finally, William Blair Investment Management LLC raised its position in The Ultimate Software Group by 60.3% in the fourth quarter. William Blair Investment Management LLC now owns 378,492 shares of the technology company’s stock worth $82,598,000 after acquiring an additional 142,353 shares in the last quarter.

ULTI has been the topic of several research reports. BidaskClub cut shares of The Ultimate Software Group from a “buy” rating to a “hold” rating in a research report on Thursday, March 1st. Wedbush cut shares of The Ultimate Software Group from an “outperform” rating to a “neutral” rating and boosted their price target for the stock from $234.00 to $255.00 in a research report on Wednesday, March 14th. ValuEngine upgraded shares of The Ultimate Software Group from a “hold” rating to a “buy” rating in a research report on Monday, April 2nd. JMP Securities boosted their price objective on The Ultimate Software Group from $230.00 to $260.00 and gave the stock a “market outperform” rating in a report on Tuesday, April 17th. Finally, Mizuho restated a “buy” rating and set a $270.00 price objective on shares of The Ultimate Software Group in a report on Tuesday, April 24th. One analyst has rated the stock with a sell rating, five have given a hold rating and sixteen have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $253.20.

In other news, VP Robert Manne sold 5,000 shares of the company’s stock in a transaction dated Thursday, May 3rd. The stock was sold at an average price of $247.12, for a total value of $1,235,600.00. Following the transaction, the vice president now owns 68,692 shares in the company, valued at approximately $16,975,167.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director James A. Fitzpatrick, Jr. sold 4,375 shares of the company’s stock in a transaction dated Thursday, May 3rd. The shares were sold at an average price of $247.43, for a total value of $1,082,506.25. Following the completion of the transaction, the director now owns 10,200 shares in the company, valued at approximately $2,523,786. The disclosure for this sale can be found here. Insiders sold a total of 11,375 shares of company stock worth $2,819,786 in the last quarter. 3.00% of the stock is owned by corporate insiders.

Shares of The Ultimate Software Group opened at $255.28 on Wednesday, according to MarketBeat Ratings. The stock has a market capitalization of $8.20 billion, a PE ratio of 315.16, a price-to-earnings-growth ratio of 5.47 and a beta of 0.97. The Ultimate Software Group, Inc. has a fifty-two week low of $181.59 and a fifty-two week high of $282.39. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.08 and a current ratio of 1.08.

The Ultimate Software Group (NASDAQ:ULTI) last issued its earnings results on Tuesday, May 1st. The technology company reported $1.30 earnings per share for the quarter, beating analysts’ consensus estimates of $1.13 by $0.17. The company had revenue of $277.00 million for the quarter, compared to the consensus estimate of $270.80 million. The Ultimate Software Group had a return on equity of 6.24% and a net margin of 2.90%. The firm’s quarterly revenue was up 21.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.75 EPS. sell-side analysts expect that The Ultimate Software Group, Inc. will post 2.25 EPS for the current fiscal year.

The Ultimate Software Group Profile

The Ultimate Software Group, Inc provides cloud-based human capital management solutions primarily to enterprise companies in the United States and Canada. The company's UltiPro software solution delivers the functionality businesses to manage the employee life cycle from recruitment to retirement.

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

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