Investors purchased shares of The Ultimate Software Group, Inc. (NASDAQ:ULTI) on weakness during trading hours on Wednesday. $38.86 million flowed into the stock on the tick-up and $24.17 million flowed out of the stock on the tick-down, for a money net flow of $14.69 million into the stock. Of all stocks tracked, The Ultimate Software Group had the 29th highest net in-flow for the day. The Ultimate Software Group traded down ($0.16) for the day and closed at $331.82

ULTI has been the topic of several research analyst reports. Raymond James lowered The Ultimate Software Group from an “outperform” rating to a “market perform” rating in a report on Tuesday, February 5th. SunTrust Banks raised their price objective on The Ultimate Software Group to $331.50 in a report on Wednesday, February 6th. BidaskClub raised The Ultimate Software Group from a “sell” rating to a “hold” rating in a report on Friday, November 23rd. Evercore ISI raised The Ultimate Software Group from an “in-line” rating to an “outperform” rating and set a $310.00 price objective on the stock in a report on Thursday, December 13th. Finally, UBS Group downgraded The Ultimate Software Group to a “neutral” rating and raised their target price for the company from $303.00 to $331.50 in a research report on Monday, February 4th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $314.68.

The stock has a market capitalization of $10.52 billion, a P/E ratio of 138.77, a P/E/G ratio of 6.52 and a beta of 1.33. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.07 and a quick ratio of 1.07.

The Ultimate Software Group (NASDAQ:ULTI) last announced its quarterly earnings data on Monday, February 4th. The technology company reported $1.95 EPS for the quarter, topping the Zacks’ 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 firm had revenue of $304.80 million for the quarter, compared to the consensus estimate of $300.60 million. During the same quarter last year, the business posted $1.11 earnings per share. The firm’s revenue was up 21.2% compared to the same quarter last year. As a group, analysts expect that The Ultimate Software Group, Inc. will post 2.4 earnings per share for the current fiscal year.

In related news, CEO Scott Scherr sold 70,809 shares of The Ultimate Software Group stock in a transaction that occurred on Monday, February 11th. The stock was sold at an average price of $331.68, for a total transaction of $23,485,929.12. Following the transaction, the chief executive officer now owns 251,777 shares in the company, valued at $83,509,395.36. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director James A. Fitzpatrick, Jr. sold 531 shares of The Ultimate Software Group stock in a transaction that occurred on Thursday, February 7th. The stock was sold at an average price of $332.00, for a total value of $176,292.00. Following the transaction, the director now owns 9,937 shares in the company, valued at approximately $3,299,084. The disclosure for this sale can be found here. In the last quarter, insiders have sold 152,522 shares of company stock worth $50,593,109. 3.00% of the stock is currently owned by company insiders.

Institutional investors have recently made changes to their positions in the stock. Norges Bank purchased a new stake in The Ultimate Software Group in the fourth quarter valued at $58,132,000. BlackRock Inc. raised its position in The Ultimate Software Group by 7.2% in the third quarter. BlackRock Inc. now owns 2,785,246 shares of the technology company’s stock valued at $897,379,000 after purchasing an additional 186,650 shares during the period. Rehmann Capital Advisory Group raised its position in The Ultimate Software Group by 32,899.0% in the third quarter. Rehmann Capital Advisory Group now owns 136,286 shares of the technology company’s stock valued at $423,000 after purchasing an additional 135,873 shares during the period. Westfield Capital Management Co. LP raised its position in The Ultimate Software Group by 80.7% in the fourth quarter. Westfield Capital Management Co. LP now owns 303,800 shares of the technology company’s stock valued at $74,392,000 after purchasing an additional 135,633 shares during the period. Finally, American Century Companies Inc. raised its position in The Ultimate Software Group by 285.4% in the fourth quarter. American Century Companies Inc. now owns 157,081 shares of the technology company’s stock valued at $38,464,000 after purchasing an additional 116,321 shares during the period. Hedge funds and other institutional investors own 95.21% of the company’s stock.

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The Ultimate Software Group Company Profile (NASDAQ:ULTI)

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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