The Ultimate Software Group, Inc. (NASDAQ:ULTI) COO Marc D. Scherr sold 32,156 shares of The Ultimate Software Group stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $222.36, for a total transaction of $7,150,208.16. Following the completion of the sale, the chief operating officer now owns 304,939 shares in the company, valued at $67,806,236.04. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

The Ultimate Software Group, Inc. (NASDAQ:ULTI) opened at $239.77 on Thursday. The stock has a market cap of $6,721.16, a P/E ratio of 499.52, a PEG ratio of 5.56 and a beta of 1.07. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.01. The Ultimate Software Group, Inc. has a 52 week low of $181.59 and a 52 week high of $242.93.

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

Several analysts recently weighed in on ULTI shares. Stifel Nicolaus lifted their price objective on shares of The Ultimate Software Group from $235.00 to $250.00 and gave the company a “buy” rating in a research report on Thursday, November 2nd. Mizuho reiterated a “hold” rating and issued a $200.00 price objective on shares of The Ultimate Software Group in a research report on Thursday, December 14th. BidaskClub upgraded shares of The Ultimate Software Group from a “hold” rating to a “buy” rating in a research report on Thursday, December 21st. Canaccord Genuity lifted their price objective on shares of The Ultimate Software Group from $225.00 to $240.00 and gave the company a “buy” rating in a research report on Thursday, November 2nd. Finally, Zacks Investment Research downgraded shares of The Ultimate Software Group from a “hold” rating to a “sell” rating in a research report on Thursday, October 19th. 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 stock. The company presently has a consensus rating of “Buy” and a consensus price target of $243.90.

Several institutional investors and hedge funds have recently made changes to their positions in ULTI. Virtu KCG Holdings LLC acquired a new position in shares of The Ultimate Software Group in the 2nd quarter worth approximately $276,000. Stifel Financial Corp grew its stake in shares of The Ultimate Software Group by 22.1% in the 2nd quarter. Stifel Financial Corp now owns 9,868 shares of the technology company’s stock worth $2,073,000 after purchasing an additional 1,785 shares during the last quarter. Balyasny Asset Management LLC grew its stake in shares of The Ultimate Software Group by 0.6% in the 2nd quarter. Balyasny Asset Management LLC now owns 1,668 shares of the technology company’s stock worth $350,000 after purchasing an additional 10 shares during the last quarter. State Street Corp grew its stake in shares of The Ultimate Software Group by 1.5% in the 2nd quarter. State Street Corp now owns 756,678 shares of the technology company’s stock worth $158,949,000 after purchasing an additional 11,076 shares during the last quarter. Finally, The Manufacturers Life Insurance Company grew its stake in shares of The Ultimate Software Group by 1.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 43,615 shares of the technology company’s stock worth $9,161,000 after purchasing an additional 813 shares during 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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