Transamerica Financial Advisors Inc. increased its holdings in shares of The Ultimate Software Group, Inc. (NASDAQ:ULTI) by 4.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,371 shares of the technology company’s stock after buying an additional 107 shares during the quarter. Transamerica Financial Advisors Inc.’s holdings in The Ultimate Software Group were worth $581,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of ULTI. First Hawaiian Bank grew its stake in The Ultimate Software Group by 25.3% in the fourth quarter. First Hawaiian Bank now owns 426 shares of the technology company’s stock valued at $105,000 after purchasing an additional 86 shares in the last quarter. Brown Brothers Harriman & Co. grew its stake in The Ultimate Software Group by 56.3% in the third quarter. Brown Brothers Harriman & Co. now owns 555 shares of the technology company’s stock valued at $179,000 after purchasing an additional 200 shares in the last quarter. We Are One Seven LLC purchased a new position in The Ultimate Software Group in the third quarter valued at about $207,000. Alpine Global Management LLC purchased a new position in The Ultimate Software Group in the third quarter valued at about $217,000. Finally, Creative Planning grew its stake in The Ultimate Software Group by 5.0% in the fourth quarter. Creative Planning now owns 886 shares of the technology company’s stock valued at $217,000 after purchasing an additional 42 shares in the last quarter. Institutional investors and hedge funds own 96.74% of the company’s stock.

Shares of NASDAQ ULTI traded down $0.65 during trading hours on Monday, hitting $331.76. 1,197,147 shares of the company’s stock were exchanged, compared to its average volume of 632,834. The Ultimate Software Group, Inc. has a 1-year low of $216.87 and a 1-year high of $365.86. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.04 and a current ratio of 1.07. The stock has a market capitalization of $10.39 billion, a PE ratio of 138.81, a P/E/G ratio of 6.30 and a beta of 1.25.

The Ultimate Software Group (NASDAQ:ULTI) last posted its quarterly earnings data on Monday, February 4th. The technology company reported $1.95 earnings per share for the quarter, topping the consensus estimate of $0.58 by $1.37. The Ultimate Software Group had a return on equity of 9.90% and a net margin of 5.71%. The business had revenue of $304.80 million during the quarter, compared to analysts’ expectations of $300.60 million. During the same quarter in the previous year, the firm earned $1.11 EPS. The firm’s revenue was up 21.2% compared to the same quarter last year. As a group, equities research analysts forecast that The Ultimate Software Group, Inc. will post 2.48 EPS for the current fiscal year.

A number of analysts have weighed in on the company. BidaskClub raised The Ultimate Software Group from a “hold” rating to a “buy” rating in a research report on Monday, October 15th. Jefferies Financial Group reduced their price target on The Ultimate Software Group to $330.00 and set a “buy” rating for the company in a research report on Wednesday, October 31st. Evercore ISI raised The Ultimate Software Group from an “in-line” rating to an “outperform” rating and set a $310.00 price target for the company in a research report on Thursday, December 13th. Zacks Investment Research raised The Ultimate Software Group from a “strong sell” rating to a “hold” rating in a research report on Saturday, January 5th. Finally, Deutsche Bank assumed coverage on The Ultimate Software Group in a research report on Friday, January 25th. They issued a “buy” rating and a $267.32 price target for the company. One research analyst has rated the stock with a sell rating, eleven have given a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The Ultimate Software Group has a consensus rating of “Hold” and an average target price of $314.60.

In other The Ultimate Software Group news, VP John C. Phenicie sold 5,000 shares of the company’s stock in a transaction that occurred on Thursday, February 7th. The stock was sold at an average price of $331.97, for a total value of $1,659,850.00. Following the completion of the transaction, the vice president now owns 51,677 shares of the company’s stock, valued at approximately $17,155,213.69. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director James A. Fitzpatrick, Jr. sold 531 shares of the company’s stock in a transaction that occurred on Thursday, February 7th. The shares were sold at an average price of $332.00, for a total value of $176,292.00. Following the completion of the transaction, the director now directly owns 9,937 shares of the company’s stock, valued at approximately $3,299,084. The disclosure for this sale can be found here. 3.00% of the stock is currently owned by insiders.

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About The Ultimate Software Group

The Ultimate Software Group, Inc provides cloud-based human capital management solutions primarily to enterprise companies in the United States and Canada. The company's UltiPro software solution delivers the functionality businesses need to manage the employee life cycle from recruitment to retirement.

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

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