Nationwide Fund Advisors lowered its position in The Ultimate Software Group, Inc. (NASDAQ:ULTI) by 8.9% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 216,944 shares of the technology company’s stock after selling 21,190 shares during the period. Nationwide Fund Advisors owned about 0.73% of The Ultimate Software Group worth $41,133,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of ULTI. Dimensional Fund Advisors LP grew its holdings in shares of The Ultimate Software Group by 0.4% in the first quarter. Dimensional Fund Advisors LP now owns 74,444 shares of the technology company’s stock worth $14,532,000 after acquiring an additional 260 shares during the period. Bank of Montreal Can grew its holdings in shares of The Ultimate Software Group by 1.3% in the second quarter. Bank of Montreal Can now owns 11,872 shares of the technology company’s stock worth $2,494,000 after acquiring an additional 147 shares during the period. Creative Planning grew its holdings in shares of The Ultimate Software Group by 257.4% in the second quarter. Creative Planning now owns 504 shares of the technology company’s stock worth $106,000 after acquiring an additional 363 shares during the period. Oregon Public Employees Retirement Fund grew its holdings in shares of The Ultimate Software Group by 4.7% in the second quarter. Oregon Public Employees Retirement Fund now owns 10,667 shares of the technology company’s stock worth $2,241,000 after acquiring an additional 483 shares during the period. Finally, LS Investment Advisors LLC grew its holdings in shares of The Ultimate Software Group by 15.9% in the second quarter. LS Investment Advisors LLC now owns 2,730 shares of the technology company’s stock worth $573,000 after acquiring an additional 374 shares during the period.

Several brokerages recently commented on ULTI. BidaskClub lowered The Ultimate Software Group from a “hold” rating to a “sell” rating in a report on Wednesday, August 9th. KeyCorp set a $235.00 price target on The Ultimate Software Group and gave the company a “buy” rating in a report on Wednesday, August 16th. Royal Bank Of Canada cut their price target on The Ultimate Software Group from $233.00 to $216.00 and set an “outperform” rating for the company in a report on Wednesday, August 2nd. Stephens reissued an “equal weight” rating and set a $203.00 price target (down previously from $215.00) on shares of The Ultimate Software Group in a report on Wednesday, August 2nd. Finally, Canaccord Genuity reissued a “buy” rating and set a $225.00 price target (down previously from $240.00) on shares of The Ultimate Software Group in a report on Tuesday, August 8th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and sixteen have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $231.58.

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Shares of The Ultimate Software Group, Inc. (NASDAQ ULTI) opened at $196.98 on Friday. The Ultimate Software Group, Inc. has a 52-week low of $180.29 and a 52-week high of $233.42. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.18 and a current ratio of 1.18. The stock has a market capitalization of $5,884.93, a P/E ratio of 187.60, a price-to-earnings-growth ratio of 15.27 and a beta of 1.09.

The Ultimate Software Group (NASDAQ:ULTI) last issued its quarterly earnings data on Wednesday, November 1st. The technology company reported $1.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.88 by $0.17. The Ultimate Software Group had a return on equity of 6.84% and a net margin of 3.31%. The business had revenue of $236.11 million for the quarter, compared to the consensus estimate of $232.92 million. During the same period in the prior year, the business posted $0.78 earnings per share. The company’s quarterly revenue was up 19.9% compared to the same quarter last year. equities research analysts predict that The Ultimate Software Group, Inc. will post 0.63 EPS for the current year.

In other news, Director James A. Fitzpatrick, Jr. sold 4,585 shares of the company’s stock in a transaction that occurred on Friday, November 3rd. The stock was sold at an average price of $205.82, for a total transaction of $943,684.70. Following the transaction, the director now owns 14,650 shares of the company’s stock, valued at $3,015,263. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Alois T. Leiter sold 5,559 shares of the company’s stock in a transaction that occurred on Friday, November 10th. The shares were sold at an average price of $198.16, for a total value of $1,101,571.44. Following the transaction, the director now directly owns 165,596 shares in the company, valued at approximately $32,814,503.36. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 116,259 shares of company stock worth $22,912,048. Company insiders own 4.90% of the company’s stock.

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.

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Institutional Ownership by Quarter for The Ultimate Software Group (NASDAQ:ULTI)

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