The Ultimate Software Group, Inc. (NASDAQ:ULTI) Shares Sold by California State Teachers Retirement System

California State Teachers Retirement System cut its position in The Ultimate Software Group, Inc. (NASDAQ:ULTI) by 9.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 45,823 shares of the technology company’s stock after selling 4,931 shares during the quarter. California State Teachers Retirement System owned approximately 0.15% of The Ultimate Software Group worth $8,688,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. ETRADE Capital Management LLC acquired a new position in The Ultimate Software Group in the 2nd quarter valued at $201,000. Eagle Boston Investment Management Inc. acquired a new position in The Ultimate Software Group in the 2nd quarter valued at $218,000. Nomura Holdings Inc. acquired a new position in The Ultimate Software Group in the 2nd quarter valued at $229,000. Banque Pictet & Cie SA acquired a new stake in The Ultimate Software Group in the 3rd quarter worth $209,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its position in 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 worth $241,000 after purchasing an additional 57 shares during the last quarter.

In related news, Director James A. Fitzpatrick, Jr. sold 4,585 shares of The Ultimate Software Group stock in a transaction dated Friday, November 3rd. The shares were sold at an average price of $205.82, for a total transaction of $943,684.70. Following the completion of the transaction, the director now directly owns 14,650 shares of the company’s stock, valued at approximately $3,015,263. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Robert Manne sold 5,000 shares of The Ultimate Software Group stock in a transaction dated Friday, November 3rd. The shares were sold at an average price of $206.08, for a total transaction of $1,030,400.00. Following the transaction, the vice president now directly owns 76,484 shares of the company’s stock, valued at $15,761,822.72. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 116,259 shares of company stock worth $22,912,048. 4.90% of the stock is owned by company insiders.

Several research firms have issued reports on ULTI. Robert W. Baird restated a “hold” rating and issued a $210.00 price target on shares of The Ultimate Software Group in a research report on Friday, November 3rd. Mizuho restated a “hold” rating and issued a $200.00 price target on shares of The Ultimate Software Group in a research report on Wednesday, December 6th. 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. Wedbush restated an “outperform” rating and issued a $220.00 price target (down from $226.00) on shares of The Ultimate Software Group in a research report on Thursday, November 2nd. Finally, Bank of America began coverage on shares of The Ultimate Software Group in a research report on Monday, November 6th. They issued an “underperform” rating and a $187.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and eighteen have assigned a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $232.37.

Shares of The Ultimate Software Group, Inc. (NASDAQ:ULTI) opened at $227.16 on Friday. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.01. The Ultimate Software Group, Inc. has a 12-month low of $181.59 and a 12-month high of $233.42. The firm has a market cap of $6,740.00, a PE ratio of 234.19, a PEG ratio of 8.24 and a beta of 1.08.

The Ultimate Software Group (NASDAQ:ULTI) last issued its earnings results on Wednesday, November 1st. The technology company reported $1.05 earnings per share for the quarter, beating the consensus estimate of $0.88 by $0.17. The Ultimate Software Group had a net margin of 1.99% and a return on equity of 3.69%. The business had revenue of $236.11 million for the quarter, compared to analyst estimates of $232.92 million. During the same period in the previous year, the business earned $0.78 EPS. The firm’s revenue was up 19.9% on a year-over-year basis. analysts anticipate that The Ultimate Software Group, Inc. will post 0.63 earnings per share for the current year.

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The Ultimate Software Group Profile

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.

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

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