Insider Selling: The Ultimate Software Group, Inc. (ULTI) VP Sells 4,252 Shares of Stock

The Ultimate Software Group, Inc. (NASDAQ:ULTI) VP Gregory Swick sold 4,252 shares of the stock in a transaction that occurred on Tuesday, November 6th. The stock was sold at an average price of $257.00, for a total transaction of $1,092,764.00. Following the completion of the sale, the vice president now directly owns 25,460 shares of the company’s stock, valued at $6,543,220. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Shares of NASDAQ:ULTI traded down $1.40 during trading on Tuesday, reaching $254.81. The stock had a trading volume of 214,196 shares, compared to its average volume of 361,988. The Ultimate Software Group, Inc. has a 52 week low of $193.08 and a 52 week high of $332.43. The firm has a market cap of $8.13 billion, a price-to-earnings ratio of 314.58, a P/E/G ratio of 5.81 and a beta of 1.19. The company has a quick ratio of 1.14, a current ratio of 1.04 and a debt-to-equity ratio of 0.01.

The Ultimate Software Group (NASDAQ:ULTI) last released its quarterly earnings results on Tuesday, October 30th. The technology company reported $1.33 EPS for the quarter, beating the Zacks’ consensus estimate of $1.32 by $0.01. The Ultimate Software Group had a net margin of 4.57% and a return on equity of 8.18%. The company had revenue of $287.83 million for the quarter, compared to analyst estimates of $287.22 million. During the same quarter last year, the firm posted $1.05 earnings per share. The company’s quarterly revenue was up 21.9% compared to the same quarter last year. Research analysts predict that The Ultimate Software Group, Inc. will post 2.11 EPS for the current fiscal year.

Several large investors have recently added to or reduced their stakes in the company. FMR LLC raised its position in shares of The Ultimate Software Group by 6.6% in the second quarter. FMR LLC now owns 3,875,957 shares of the technology company’s stock valued at $997,322,000 after purchasing an additional 241,385 shares during the period. Janus Henderson Group PLC raised its position in shares of The Ultimate Software Group by 1.6% in the second quarter. Janus Henderson Group PLC now owns 3,225,819 shares of the technology company’s stock valued at $830,035,000 after purchasing an additional 52,141 shares during the period. BlackRock Inc. raised its position in shares of The Ultimate Software Group by 5.0% in the second quarter. BlackRock Inc. now owns 2,598,596 shares of the technology company’s stock valued at $668,644,000 after purchasing an additional 123,866 shares during the period. Bank of New York Mellon Corp raised its position in shares of The Ultimate Software Group by 1.9% in the second quarter. Bank of New York Mellon Corp now owns 343,204 shares of the technology company’s stock valued at $88,309,000 after purchasing an additional 6,540 shares during the period. Finally, Victory Capital Management Inc. raised its position in shares of The Ultimate Software Group by 5.1% in the third quarter. Victory Capital Management Inc. now owns 303,031 shares of the technology company’s stock valued at $97,633,000 after purchasing an additional 14,665 shares during the period. 99.98% of the stock is currently owned by institutional investors.

Several brokerages recently weighed in on ULTI. Needham & Company LLC raised their price objective on shares of The Ultimate Software Group to $370.00 and gave the company a “buy” rating in a research report on Monday, September 17th. BidaskClub lowered shares of The Ultimate Software Group from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 31st. Roth Capital raised their price objective on shares of The Ultimate Software Group from $280.00 to $330.00 and gave the company a “buy” rating in a research report on Wednesday, August 1st. Wells Fargo & Co set a $330.00 price objective on shares of The Ultimate Software Group and gave the company a “buy” rating in a research report on Tuesday, July 24th. Finally, Credit Suisse Group raised their price objective on shares of The Ultimate Software Group from $280.00 to $310.00 and gave the company an “outperform” rating in a research report on Wednesday, August 1st. 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 has a consensus rating of “Buy” and a consensus target price of $296.38.

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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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