Aperio Group LLC Purchases 7,199 Shares of The Ultimate Software Group, Inc. (ULTI)

Aperio Group LLC boosted its stake in The Ultimate Software Group, Inc. (NASDAQ:ULTI) by 43.9% during the second quarter, Holdings Channel reports. The institutional investor owned 23,615 shares of the technology company’s stock after buying an additional 7,199 shares during the period. Aperio Group LLC’s holdings in The Ultimate Software Group were worth $4,961,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in ULTI. Creative Planning raised its stake in shares of The Ultimate Software Group by 257.4% in the second quarter. Creative Planning now owns 504 shares of the technology company’s stock valued at $106,000 after buying an additional 363 shares in the last quarter. Acrospire Investment Management LLC raised its stake in shares of The Ultimate Software Group by 50.0% in the first quarter. Acrospire Investment Management LLC now owns 600 shares of the technology company’s stock valued at $117,000 after buying an additional 200 shares in the last quarter. Benjamin F. Edwards & Company Inc. raised its stake in shares of The Ultimate Software Group by 1,318.0% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 709 shares of the technology company’s stock valued at $138,000 after buying an additional 659 shares in the last quarter. Sphera Funds Management LTD. purchased a new stake in shares of The Ultimate Software Group during the first quarter valued at about $156,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of The Ultimate Software Group by 24.6% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,090 shares of the technology company’s stock valued at $213,000 after buying an additional 215 shares in the last quarter.

Shares of The Ultimate Software Group, Inc. (ULTI) traded down 0.97% during midday trading on Monday, hitting $225.01. The stock had a trading volume of 73,595 shares. The firm has a market capitalization of $6.69 billion, a PE ratio of 222.78 and a beta of 1.08. The company’s 50 day moving average price is $216.82 and its 200-day moving average price is $205.46. The Ultimate Software Group, Inc. has a 1-year low of $180.29 and a 1-year high of $233.42.

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ULTI has been the subject of several recent research reports. Royal Bank Of Canada reiterated a “buy” rating and set a $233.00 price objective on shares of The Ultimate Software Group in a report on Monday, May 29th. Canaccord Genuity reiterated a “buy” rating and set a $240.00 price objective on shares of The Ultimate Software Group in a report on Thursday, May 25th. Guggenheim reiterated a “buy” rating and set a $230.00 price objective on shares of The Ultimate Software Group in a report on Tuesday, April 18th. MKM Partners reiterated a “buy” rating and set a $250.00 price objective on shares of The Ultimate Software Group in a report on Friday, April 14th. Finally, BidaskClub lowered The Ultimate Software Group from a “strong-buy” rating to a “buy” rating in a report on Tuesday, June 13th. Three analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $241.07.

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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