The Ultimate Software Group Inc. (NASDAQ:ULTI) Director Leroy Vander Putten sold 1,350 shares of The Ultimate Software Group stock in a transaction that occurred on Tuesday, November 15th. The stock was sold at an average price of $199.25, for a total value of $268,987.50. Following the sale, the director now directly owns 21,668 shares in the company, valued at approximately $4,317,349. The sale was disclosed in a document filed with the SEC, which is available at this link.

The Ultimate Software Group Inc. (NASDAQ:ULTI) traded up 2.88% during midday trading on Wednesday, reaching $205.88. The company had a trading volume of 506,694 shares. The company has a market capitalization of $5.97 billion, a PE ratio of 234.49 and a beta of 0.98. The Ultimate Software Group Inc. has a 12-month low of $148.26 and a 12-month high of $224.07. The stock has a 50-day moving average price of $205.84 and a 200 day moving average price of $206.73.

The Ultimate Software Group (NASDAQ:ULTI) last posted its quarterly earnings data on Tuesday, November 1st. The company reported $0.78 EPS for the quarter, topping the Zacks’ consensus estimate of $0.77 by $0.01. The Ultimate Software Group had a return on equity of 3.26% and a net margin of 2.42%. The firm had revenue of $197 million for the quarter, compared to analyst estimates of $196.94 million. During the same quarter last year, the company earned $0.69 EPS. The company’s revenue was up 26.9% on a year-over-year basis. Equities analysts forecast 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)

A number of institutional investors have recently bought and sold shares of ULTI. Victory Capital Management Inc. raised its position in The Ultimate Software Group by 15,703.9% in the third quarter. Victory Capital Management Inc. now owns 611,610 shares of the company’s stock worth $125,007,000 after buying an additional 607,740 shares during the period. Wellington Management Group LLP raised its position in The Ultimate Software Group by 1,113.6% in the first quarter. Wellington Management Group LLP now owns 436,380 shares of the company’s stock worth $84,440,000 after buying an additional 400,422 shares during the period. Peregrine Capital Management LLC bought a new position in The Ultimate Software Group during the third quarter worth approximately $31,517,000. Alliancebernstein L.P. raised its position in The Ultimate Software Group by 23.8% in the second quarter. Alliancebernstein L.P. now owns 755,869 shares of the company’s stock worth $158,952,000 after buying an additional 145,195 shares during the period. Finally, FMR LLC raised its position in The Ultimate Software Group by 5.2% in the second quarter. FMR LLC now owns 2,715,707 shares of the company’s stock worth $571,086,000 after buying an additional 133,926 shares during the period. Hedge funds and other institutional investors own 97.62% of the company’s stock.

ULTI has been the topic of several recent research reports. Deutsche Bank AG lifted their price objective on The Ultimate Software Group from $215.00 to $240.00 and gave the stock a “buy” rating in a report on Wednesday, July 27th. MKM Partners lifted their price objective on The Ultimate Software Group from $230.00 to $250.00 and gave the stock a “buy” rating in a report on Wednesday, July 27th. Needham & Company LLC reissued a “buy” rating and set a $250.00 price objective on shares of The Ultimate Software Group in a report on Wednesday, July 27th. Stifel Nicolaus lifted their price objective on The Ultimate Software Group from $220.00 to $235.00 and gave the stock a “buy” rating in a report on Wednesday, July 27th. Finally, Pacific Crest set a $245.00 price objective on The Ultimate Software Group and gave the stock a “buy” rating in a report on Tuesday, October 11th. Five analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $228.50.

About The Ultimate Software Group

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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