Gilder Gagnon Howe & Co. LLC Has $5.04 Million Position in The Ultimate Software Group, Inc. (ULTI)

Gilder Gagnon Howe & Co. LLC increased its stake in The Ultimate Software Group, Inc. (NASDAQ:ULTI) by 1,596.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 15,654 shares of the technology company’s stock after buying an additional 14,731 shares during the quarter. Gilder Gagnon Howe & Co. LLC owned about 0.05% of The Ultimate Software Group worth $5,044,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. First Hawaiian Bank bought a new stake in The Ultimate Software Group in the third quarter worth $109,000. We Are One Seven LLC bought a new stake in shares of The Ultimate Software Group during the third quarter worth $207,000. Kornitzer Capital Management Inc. KS bought a new stake in shares of The Ultimate Software Group during the second quarter worth $201,000. Reliance Trust Co. of Delaware bought a new stake in shares of The Ultimate Software Group during the second quarter worth $202,000. Finally, Sawtooth Solutions LLC bought a new stake in shares of The Ultimate Software Group during the second quarter worth $205,000. Institutional investors own 99.96% of the company’s stock.

Several research firms have recently weighed in on ULTI. Wedbush reiterated a “neutral” rating and set a $260.00 target price (down from $288.00) on shares of The Ultimate Software Group in a research report on Wednesday, August 1st. BidaskClub upgraded The Ultimate Software Group from a “buy” rating to a “strong-buy” rating in a research report on Friday, July 20th. Evercore ISI reiterated a “hold” rating and set a $290.00 target price on shares of The Ultimate Software Group in a research report on Sunday, August 5th. SunTrust Banks lifted their target price on The Ultimate Software Group to $310.00 and gave the stock a “buy” rating in a research report on Wednesday, August 1st. Finally, JMP Securities lifted their target price on The Ultimate Software Group from $280.00 to $317.00 and gave the stock a “$293.94” rating in a research report on Monday, July 23rd. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and thirteen have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $296.38.

Shares of The Ultimate Software Group stock opened at $266.22 on Friday. The firm has a market cap of $8.48 billion, a PE ratio of 167.69, a PEG ratio of 5.22 and a beta of 1.02. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.14 and a current ratio of 1.14. The Ultimate Software Group, Inc. has a 12 month low of $193.08 and a 12 month high of $332.43.

The Ultimate Software Group (NASDAQ:ULTI) last announced its quarterly earnings results on Tuesday, October 30th. The technology company reported $1.33 EPS for the quarter, beating the consensus estimate of $1.32 by $0.01. The firm had revenue of $287.83 million for the quarter, compared to analyst estimates of $287.22 million. The Ultimate Software Group had a return on equity of 9.13% and a net margin of 4.57%. The business’s revenue for the quarter was up 21.9% on a year-over-year basis. During the same quarter last year, the firm posted $1.05 earnings per share. Sell-side analysts predict that The Ultimate Software Group, Inc. will post 2.24 earnings per share for the current year.

The Ultimate Software Group Company 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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