The Ultimate Software Group Inc. (NASDAQ:ULTI) VP Gregory Swick sold 16,142 shares of The Ultimate Software Group stock in a transaction dated Tuesday, November 8th. The stock was sold at an average price of $209.78, for a total value of $3,386,268.76. Following the completion of the sale, the vice president now directly owns 62,136 shares in the company, valued at $13,034,890.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

The Ultimate Software Group Inc. (NASDAQ:ULTI) opened at 196.96 on Friday. The Ultimate Software Group Inc. has a 52 week low of $148.26 and a 52 week high of $224.07. The company has a market cap of $5.70 billion, a P/E ratio of 308.23 and a beta of 0.98. The company has a 50-day moving average of $206.84 and a 200-day moving average of $206.62.

The Ultimate Software Group (NASDAQ:ULTI) last released its quarterly earnings data on Tuesday, November 1st. The company reported $0.78 EPS for the quarter, beating the Zacks’ consensus estimate of $0.77 by $0.01. The company earned $197 million during the quarter, compared to the consensus estimate of $196.94 million. The Ultimate Software Group had a net margin of 2.42% and a return on equity of 3.26%. The Ultimate Software Group’s quarterly revenue was up 26.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.69 EPS. On average, equities research analysts predict that The Ultimate Software Group Inc. will post $3.23 EPS for the current year.

Insider Buying and Selling by Quarter for The Ultimate Software Group (NASDAQ:ULTI)

ULTI has been the topic of several research reports. TheStreet cut The Ultimate Software Group from a “buy” rating to a “hold” rating in a report on Monday, August 29th. Wedbush raised The Ultimate Software Group from a “neutral” rating to an “outperform” rating and reduced their target price for the stock from $248.00 to $242.00 in a report on Monday, October 31st. Zacks Investment Research raised The Ultimate Software Group from a “hold” rating to a “strong-buy” rating and set a $242.00 target price on the stock in a report on Thursday, November 3rd. Pacific Crest set a $245.00 price objective on The Ultimate Software Group and gave the stock a “buy” rating in a research note on Tuesday, October 11th. Finally, MKM Partners reissued a “buy” rating on shares of The Ultimate Software Group in a research note on Friday, November 4th. Five investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $228.50.

A number of hedge funds have recently added to or reduced their stakes in ULTI. Mariner Wealth Advisors LLC acquired a new stake in The Ultimate Software Group during the second quarter worth approximately $203,000. Tower Research Capital LLC TRC increased its stake in The Ultimate Software Group by 132.9% in the third quarter. Tower Research Capital LLC TRC now owns 1,034 shares of the company’s stock worth $211,000 after buying an additional 590 shares during the last quarter. Bank of Hawaii acquired a new stake in The Ultimate Software Group during the second quarter worth approximately $213,000. Advisors Asset Management Inc. increased its stake in The Ultimate Software Group by 2.3% in the second quarter. Advisors Asset Management Inc. now owns 1,047 shares of the company’s stock worth $220,000 after buying an additional 24 shares during the last quarter. Finally, Quantbot Technologies LP acquired a new stake in The Ultimate Software Group during the second quarter worth approximately $226,000. Institutional investors own 97.62% of the company’s stock.

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, and includes global people management, available in over 10 languages with approximately 40 country-specific localizations.

5 Day Chart for NASDAQ:ULTI

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