The Ultimate Software Group, Inc. (NASDAQ:ULTI) VP Robert Manne sold 5,000 shares of the stock in a transaction on Friday, November 3rd. The stock was sold at an average price of $206.08, for a total transaction of $1,030,400.00. Following the transaction, the vice president now owns 76,484 shares of the company’s stock, valued at approximately $15,761,822.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Shares of The Ultimate Software Group, Inc. (NASDAQ ULTI) opened at $196.13 on Wednesday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.15 and a current ratio of 1.18. The stock has a market cap of $5,870.00, a PE ratio of 196.93, a PEG ratio of 18.68 and a beta of 1.09. The Ultimate Software Group, Inc. has a 12 month low of $180.29 and a 12 month high of $233.42.

The Ultimate Software Group (NASDAQ:ULTI) last posted its earnings results on Wednesday, November 1st. The technology company reported $1.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.88 by $0.17. The company had revenue of $236.11 million during the quarter, compared to analysts’ expectations of $232.92 million. The Ultimate Software Group had a net margin of 3.31% and a return on equity of 6.84%. The Ultimate Software Group’s quarterly revenue was up 19.9% compared to the same quarter last year. During the same quarter last year, the company posted $0.78 EPS. research analysts forecast that The Ultimate Software Group, Inc. will post 0.55 earnings per share for the current year.

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Several research analysts recently commented on the stock. KeyCorp set a $255.00 target price on shares of The Ultimate Software Group and gave the stock a “buy” rating in a report on Thursday, July 27th. Roth Capital increased their target price on shares of The Ultimate Software Group from $254.00 to $280.00 and gave the stock a “buy” rating in a report on Monday, July 31st. Credit Suisse Group restated an “outperform” rating and set a $245.00 target price (down previously from $260.00) on shares of The Ultimate Software Group in a report on Wednesday, August 2nd. Stephens restated an “equal weight” rating and set a $203.00 target price (down previously from $215.00) on shares of The Ultimate Software Group in a report on Wednesday, August 2nd. Finally, Deutsche Bank AG cut shares of The Ultimate Software Group from a “buy” rating to a “hold” rating and reduced their target price for the stock from $230.00 to $210.00 in a report on Wednesday, August 2nd. One analyst has rated the stock with a sell rating, seven have issued a hold rating and sixteen have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $231.58.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Balyasny Asset Management LLC lifted its stake in shares of The Ultimate Software Group by 0.6% during the 2nd quarter. Balyasny Asset Management LLC now owns 1,668 shares of the technology company’s stock worth $350,000 after buying an additional 10 shares during the last quarter. M&T Bank Corp lifted its stake in shares of The Ultimate Software Group by 1.0% during the 2nd quarter. M&T Bank Corp now owns 5,641 shares of the technology company’s stock worth $1,184,000 after buying an additional 56 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of The Ultimate Software Group by 5.2% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,147 shares of the technology company’s stock worth $241,000 after buying an additional 57 shares during the last quarter. Teacher Retirement System of Texas lifted its stake in shares of The Ultimate Software Group by 3.2% during the 2nd quarter. Teacher Retirement System of Texas now owns 2,258 shares of the technology company’s stock worth $474,000 after buying an additional 69 shares during the last quarter. Finally, World Asset Management Inc lifted its stake in shares of The Ultimate Software Group by 3.7% during the 2nd quarter. World Asset Management Inc now owns 2,122 shares of the technology company’s stock worth $446,000 after buying an additional 75 shares during the last quarter.

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. As of December 31, 2016, UltiPro included global people management, available in 14 languages with more than 35 country-specific localizations.

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

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