The Ultimate Software Group Inc. (NASDAQ:ULTI) Director Rick Wilber sold 5,000 shares of the stock in a transaction on Monday, November 21st. The shares were sold at an average price of $210.07, for a total transaction of $1,050,350.00. Following the completion of the transaction, the director now owns 119,425 shares of the company’s stock, valued at approximately $25,087,609.75. The sale was disclosed in a filing with the SEC, which is accessible through this link.

Shares of The Ultimate Software Group Inc. (NASDAQ:ULTI) traded down 0.53% during mid-day trading on Wednesday, hitting $209.05. 12,921 shares of the company were exchanged. The Ultimate Software Group Inc. has a 12-month low of $148.26 and a 12-month high of $224.07. The firm has a 50 day moving average of $206.23 and a 200 day moving average of $207.34. The company has a market capitalization of $6.06 billion, a price-to-earnings ratio of 238.10 and a beta of 0.98.

The Ultimate Software Group (NASDAQ:ULTI) last issued its earnings results on Tuesday, November 1st. The company reported $0.78 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.77 by $0.01. The firm earned $197 million during the quarter, compared to the consensus estimate of $196.94 million. The Ultimate Software Group had a return on equity of 3.26% and a net margin of 2.42%. The business’s quarterly revenue was up 26.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.69 earnings per share. Equities research analysts forecast that The Ultimate Software Group Inc. will post $3.23 earnings per share for the current year.

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

Several research firms have recently weighed in on ULTI. TheStreet lowered shares of The Ultimate Software Group from a “buy” rating to a “hold” rating in a report on Monday, August 29th. Wedbush raised shares of The Ultimate Software Group from a “neutral” rating to an “outperform” rating and lowered their target price for the stock from $248.00 to $242.00 in a report on Monday, October 31st. Zacks Investment Research raised shares of 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 target price on shares of The Ultimate Software Group and gave the stock a “buy” rating in a report on Tuesday, October 11th. Finally, MKM Partners reaffirmed a “buy” rating on shares of The Ultimate Software Group in a report on Friday, November 4th. Five research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. The Ultimate Software Group currently has a consensus rating of “Buy” and a consensus target price of $228.50.

Hedge funds and other institutional investors have recently modified their holdings of the company. FMR LLC increased its position in shares of The Ultimate Software Group by 5.2% in the second quarter. FMR LLC now owns 2,715,707 shares of the company’s stock valued at $571,086,000 after buying an additional 133,926 shares during the last quarter. Vanguard Group Inc. increased its position in shares of The Ultimate Software Group by 3.0% in the second quarter. Vanguard Group Inc. now owns 2,003,616 shares of the company’s stock valued at $421,339,000 after buying an additional 58,845 shares during the last quarter. BlackRock Fund Advisors increased its position in shares of The Ultimate Software Group by 3.5% in the third quarter. BlackRock Fund Advisors now owns 1,120,807 shares of the company’s stock valued at $229,082,000 after buying an additional 37,700 shares during the last quarter. TimesSquare Capital Management LLC increased its position in shares of The Ultimate Software Group by 1.9% in the third quarter. TimesSquare Capital Management LLC now owns 889,190 shares of the company’s stock valued at $181,742,000 after buying an additional 16,235 shares during the last quarter. Finally, BlackRock Institutional Trust Company N.A. increased its position in shares of The Ultimate Software Group by 4.6% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 860,447 shares of the company’s stock valued at $180,943,000 after buying an additional 38,217 shares during the last quarter. 98.93% of the stock is owned by hedge funds and other institutional investors.

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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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