The Ultimate Software Group, Inc. (NASDAQ:ULTI) VP John C. Phenicie sold 7,088 shares of the stock in a transaction on Monday, February 12th. The shares were sold at an average price of $226.48, for a total transaction of $1,605,290.24. Following the transaction, the vice president now owns 32,158 shares of the company’s stock, valued at approximately $7,283,143.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Shares of The Ultimate Software Group, Inc. (NASDAQ ULTI) traded up $5.98 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 stock has a market capitalization of $6,837.67, a P/E ratio of 468.69, a P/E/G ratio of 5.65 and a beta of 1.07. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.01.

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

Several research firms have commented on ULTI. Wedbush reiterated an “outperform” rating and set a $234.00 price objective (up previously from $226.00) on shares of The Ultimate Software Group in a research report on Wednesday, February 7th. SunTrust Banks increased their price objective on shares of The Ultimate Software Group to $250.00 and gave the company a “buy” rating in a research report on Wednesday, February 7th. Canaccord Genuity increased their price objective on shares of The Ultimate Software Group from $240.00 to $245.00 and gave the company a “buy” rating in a research report on Wednesday, February 7th. Citigroup reiterated an “overweight” rating and set a $232.00 price objective on shares of The Ultimate Software Group in a research report on Wednesday, February 7th. Finally, Royal Bank of Canada increased their price objective on shares of The Ultimate Software Group to $260.00 and gave the company a “positive” rating in a research report on Tuesday, January 30th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and seventeen have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $243.90.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Amundi Pioneer Asset Management Inc. purchased a new stake in shares of The Ultimate Software Group in the fourth quarter valued at $14,502,000. Kennedy Capital Management Inc. increased its stake in The Ultimate Software Group by 2.8% in the 4th quarter. Kennedy Capital Management Inc. now owns 31,877 shares of the technology company’s stock worth $6,957,000 after buying an additional 868 shares during the period. Amalgamated Bank increased its stake in The Ultimate Software Group by 5.6% in the 4th quarter. Amalgamated Bank now owns 5,983 shares of the technology company’s stock worth $1,306,000 after buying an additional 316 shares during the period. Carillon Tower Advisers Inc. purchased a new position in The Ultimate Software Group in the 4th quarter worth about $137,283,000. Finally, Eaton Vance Management increased its stake in The Ultimate Software Group by 100.5% in the 4th quarter. Eaton Vance Management now owns 21,655 shares of the technology company’s stock worth $4,726,000 after buying an additional 10,856 shares during the period.

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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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