SG Americas Securities LLC lifted its holdings in shares of The Ultimate Software Group, Inc. (NASDAQ:ULTI) by 346.5% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 4,612 shares of the technology company’s stock after acquiring an additional 3,579 shares during the period. SG Americas Securities LLC’s holdings in The Ultimate Software Group were worth $1,006,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of ULTI. Virtu KCG Holdings LLC purchased a new stake in shares of The Ultimate Software Group during the second quarter worth about $276,000. Balyasny Asset Management LLC grew its stake in shares of The Ultimate Software Group by 0.6% during the second quarter. Balyasny Asset Management LLC now owns 1,668 shares of the technology company’s stock worth $350,000 after acquiring an additional 10 shares during the last quarter. State Street Corp grew its stake in shares of 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 worth $158,949,000 after acquiring an additional 11,076 shares during the last quarter. The Manufacturers Life Insurance Company grew its stake in shares of The Ultimate Software Group by 1.9% during the second quarter. The Manufacturers Life Insurance Company now owns 43,615 shares of the technology company’s stock worth $9,161,000 after acquiring an additional 813 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. grew its stake in shares of The Ultimate Software Group by 8.2% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 4,827 shares of the technology company’s stock worth $1,014,000 after acquiring an additional 366 shares during the last quarter.

In other The Ultimate Software Group news, Director James A. Fitzpatrick, Jr. sold 4,230 shares of the business’s stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $228.63, for a total value of $967,104.90. Following the completion of the transaction, the director now directly owns 9,145 shares of the company’s stock, valued at $2,090,821.35. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Robert Manne sold 5,000 shares of the business’s stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $228.85, for a total value of $1,144,250.00. Following the completion of the transaction, the vice president now directly owns 63,873 shares of the company’s stock, valued at $14,617,336.05. The disclosure for this sale can be found here. In the last quarter, insiders sold 279,019 shares of company stock worth $62,615,236. 4.90% of the stock is owned by insiders.

ULTI has been the topic of a number of research analyst reports. SunTrust Banks restated a “buy” rating and set a $225.00 price target on shares of The Ultimate Software Group in a research note on Friday, November 3rd. Royal Bank of Canada restated a “buy” rating and set a $210.00 price target on shares of The Ultimate Software Group in a research note on Friday, October 20th. Canaccord Genuity boosted their price target on The Ultimate Software Group from $225.00 to $240.00 and gave the stock a “buy” rating in a research note on Thursday, November 2nd. Stifel Nicolaus boosted their price target on The Ultimate Software Group from $235.00 to $250.00 and gave the stock a “buy” rating in a research note on Thursday, November 2nd. Finally, BidaskClub upgraded The Ultimate Software Group from a “hold” rating to a “buy” rating in a research note on Thursday, December 21st. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and seventeen have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $243.90.

Shares of The Ultimate Software Group, Inc. (NASDAQ ULTI) opened at $239.77 on Thursday. The company has a market capitalization of $6,721.16, a P/E ratio of 499.52, a P/E/G ratio of 5.56 and a beta of 1.07. The Ultimate Software Group, Inc. has a 52-week low of $181.59 and a 52-week 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 Ultimate Software Group (NASDAQ:ULTI) last issued its earnings results on Tuesday, February 6th. The technology company reported $1.11 EPS for the quarter, beating the Zacks’ consensus estimate of $0.87 by $0.24. The firm had revenue of $251.43 million for the quarter, compared to analyst estimates of $244.83 million. The Ultimate Software Group had a return on equity of 5.31% and a net margin of 1.59%. The Ultimate Software Group’s revenue for the quarter 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 year.

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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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