The Ultimate Software Group, Inc. (ULTI) Director Alois T. Leiter Sells 5,559 Shares of Stock

The Ultimate Software Group, Inc. (NASDAQ:ULTI) Director Alois T. Leiter sold 5,559 shares of The Ultimate Software Group stock in a transaction that occurred on Friday, November 10th. The stock was sold at an average price of $198.16, for a total transaction of $1,101,571.44. Following the completion of the transaction, the director now owns 165,596 shares in the company, valued at approximately $32,814,503.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Shares of The Ultimate Software Group, Inc. (NASDAQ ULTI) traded up $0.37 during trading hours on Wednesday, hitting $198.37. 194,000 shares of the company’s stock were exchanged, compared to its average volume of 321,106. The firm has a market cap of $5,915.41, a price-to-earnings ratio of 188.57, a P/E/G ratio of 15.35 and a beta of 1.09. The Ultimate Software Group, Inc. has a 52 week low of $180.29 and a 52 week high of $233.42. 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 (NASDAQ:ULTI) last issued its earnings results on Wednesday, November 1st. The technology company reported $1.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.88 by $0.17. The company had revenue of $236.11 million during the quarter, compared to analyst estimates of $232.92 million. The Ultimate Software Group had a net margin of 3.31% and a return on equity of 6.84%. The company’s revenue for the quarter was up 19.9% on a year-over-year basis. During the same quarter last year, the business posted $0.78 EPS. sell-side analysts expect that The Ultimate Software Group, Inc. will post 0.63 earnings per share for the current year.

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Several large investors have recently modified their holdings of the business. Balyasny Asset Management LLC boosted its stake in shares of The Ultimate Software Group by 0.6% during the 2nd quarter. Balyasny Asset Management LLC now owns 1,668 shares of the technology company’s stock valued at $350,000 after buying an additional 10 shares during the period. M&T Bank Corp lifted its stake in shares of The Ultimate Software Group by 1.0% in the 2nd quarter. M&T Bank Corp now owns 5,641 shares of the technology company’s stock valued at $1,184,000 after purchasing an additional 56 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of The Ultimate Software Group by 5.2% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,147 shares of the technology company’s stock valued at $241,000 after purchasing an additional 57 shares during the last quarter. Teacher Retirement System of Texas lifted its stake in shares of The Ultimate Software Group by 3.2% in the 2nd quarter. Teacher Retirement System of Texas now owns 2,258 shares of the technology company’s stock valued at $474,000 after purchasing an additional 69 shares during the last quarter. Finally, World Asset Management Inc lifted its stake in shares of The Ultimate Software Group by 3.7% in the 2nd quarter. World Asset Management Inc now owns 2,122 shares of the technology company’s stock valued at $446,000 after purchasing an additional 75 shares during the last quarter.

Several research analysts have issued reports on ULTI shares. Piper Jaffray Companies restated an “overweight” rating and issued a $250.00 price target on shares of The Ultimate Software Group in a research report on Saturday, July 22nd. Royal Bank Of Canada restated a “buy” rating and issued a $210.00 price target on shares of The Ultimate Software Group in a research report on Friday, October 20th. ValuEngine upgraded shares of The Ultimate Software Group from a “sell” rating to a “hold” rating in a research report on Friday, September 1st. KeyCorp set a $255.00 price target on shares of The Ultimate Software Group and gave the stock a “buy” rating in a research report on Thursday, July 27th. Finally, Zacks Investment Research lowered shares of The Ultimate Software Group from a “hold” rating to a “sell” rating in a research report on Thursday, October 19th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and sixteen have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $231.58.

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.

Insider Buying and Selling by Quarter for The Ultimate Software Group (NASDAQ:ULTI)

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