The Ultimate Software Group, Inc. (NASDAQ:ULTI) CFO Mitchell K. Dauerman sold 28,125 shares of the company’s stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $224.68, for a total transaction of $6,319,125.00. Following the completion of the transaction, the chief financial officer now owns 102,349 shares of the company’s stock, valued at $22,995,773.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

The Ultimate Software Group, Inc. (NASDAQ:ULTI) traded up $5.98 during mid-day trading on Tuesday, hitting $230.95. 226,602 shares of the stock traded hands, compared to its average volume of 320,953. The Ultimate Software Group, Inc. has a 1 year low of $181.59 and a 1 year high of $242.93. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.18 and a quick ratio of 1.18. The stock has a market capitalization of $6,837.67, a P/E ratio of 468.69, a PEG ratio of 5.65 and a beta of 1.07.

The Ultimate Software Group (NASDAQ:ULTI) last released its quarterly earnings results on Tuesday, February 6th. The technology company reported $1.11 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.87 by $0.24. The company had revenue of $251.43 million for the quarter, compared to the consensus estimate of $244.83 million. The Ultimate Software Group had a net margin of 1.59% and a return on equity of 5.31%. The Ultimate Software Group’s revenue was up 19.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.91 earnings per share. equities analysts expect that The Ultimate Software Group, Inc. will post 1.83 EPS for the current fiscal year.

A number of equities analysts have weighed in on ULTI shares. Royal Bank of Canada reiterated a “buy” rating and issued a $210.00 price target on shares of The Ultimate Software Group in a research report on Friday, October 20th. Zacks Investment Research upgraded shares of The Ultimate Software Group from a “sell” rating to a “hold” rating in a research report on Tuesday, October 31st. Piper Jaffray Companies reiterated an “overweight” rating and issued a $250.00 price target on shares of The Ultimate Software Group in a research report on Tuesday, January 16th. Mizuho reiterated a “hold” rating and issued a $200.00 price target on shares of The Ultimate Software Group in a research report on Thursday, December 14th. Finally, Bank of America started coverage on shares of The Ultimate Software Group in a research report on Monday, November 6th. They issued an “underperform” rating and a $187.00 price target for the company. One analyst has rated the stock with a sell rating, five have given a hold rating and seventeen have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $243.90.

A number of institutional investors have recently added to or reduced their stakes in the stock. Janus Henderson Group PLC raised its stake in The Ultimate Software Group by 10.5% during the third quarter. Janus Henderson Group PLC now owns 2,480,892 shares of the technology company’s stock valued at $470,377,000 after purchasing an additional 235,848 shares in the last quarter. BlackRock Inc. raised its stake in The Ultimate Software Group by 0.7% during the fourth quarter. BlackRock Inc. now owns 2,379,320 shares of the technology company’s stock valued at $519,239,000 after purchasing an additional 15,810 shares in the last quarter. Wells Fargo & Company MN raised its stake in The Ultimate Software Group by 2.7% during the third quarter. Wells Fargo & Company MN now owns 1,206,051 shares of the technology company’s stock valued at $228,666,000 after purchasing an additional 31,945 shares in the last quarter. State Street Corp raised its stake in The Ultimate Software Group by 1.5% during the second quarter. State Street Corp now owns 756,678 shares of the technology company’s stock valued at $158,949,000 after purchasing an additional 11,076 shares in the last quarter. Finally, Eagle Asset Management Inc. raised its stake in The Ultimate Software Group by 2.6% during the fourth quarter. Eagle Asset Management Inc. now owns 693,526 shares of the technology company’s stock valued at $151,256,000 after purchasing an additional 17,897 shares in the last quarter.

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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. 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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