The Ultimate Software Group, Inc. (ULTI) Shares Bought by Peregrine Capital Management LLC

Peregrine Capital Management LLC raised its holdings in shares of The Ultimate Software Group, Inc. (NASDAQ:ULTI) by 2.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 143,594 shares of the technology company’s stock after acquiring an additional 3,454 shares during the period. Peregrine Capital Management LLC owned about 0.48% of The Ultimate Software Group worth $27,225,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of ULTI. Creative Planning boosted its stake in shares of The Ultimate Software Group by 257.4% during the second quarter. Creative Planning now owns 504 shares of the technology company’s stock valued at $106,000 after purchasing an additional 363 shares during the period. Huntington National Bank lifted its stake in The Ultimate Software Group by 24.7% in the second quarter. Huntington National Bank now owns 857 shares of the technology company’s stock worth $180,000 after acquiring an additional 170 shares during the period. Benjamin F. Edwards & Company Inc. lifted its stake in The Ultimate Software Group by 23.1% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 873 shares of the technology company’s stock worth $183,000 after acquiring an additional 164 shares during the period. FineMark National Bank & Trust purchased a new stake in The Ultimate Software Group in the second quarter worth $200,000. Finally, ETRADE Capital Management LLC purchased a new stake in The Ultimate Software Group in the second quarter worth $201,000.

Shares of The Ultimate Software Group, Inc. (ULTI) traded down $0.40 during trading hours on Tuesday, hitting $198.00. 271,700 shares of the company were exchanged, compared to its average volume of 321,687. The stock has a market cap of $5,910.00, a P/E ratio of 188.95, a P/E/G ratio of 15.38 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 posted its quarterly earnings data on Wednesday, November 1st. The technology company reported $1.05 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.88 by $0.17. The company had revenue of $236.11 million for the quarter, compared to analysts’ expectations of $232.92 million. The Ultimate Software Group had a net margin of 3.31% and a return on equity of 6.84%. The Ultimate Software Group’s revenue for the quarter was up 19.9% compared to the same quarter last year. During the same period in the prior year, the business earned $0.78 earnings per share. analysts predict that The Ultimate Software Group, Inc. will post 0.63 EPS for the current year.

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In other The Ultimate Software Group news, CFO Mitchell K. Dauerman sold 15,480 shares of The Ultimate Software Group stock in a transaction that occurred on Tuesday, November 7th. The stock was sold at an average price of $196.00, for a total value of $3,034,080.00. Following the sale, the chief financial officer now owns 122,045 shares of the company’s stock, valued at approximately $23,920,820. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Chairman Scott Scherr sold 43,537 shares of the business’s stock in a transaction that occurred on Tuesday, November 7th. The shares were sold at an average price of $196.21, for a total value of $8,542,394.77. Following the transaction, the chairman now directly owns 426,427 shares in the company, valued at approximately $83,669,241.67. The disclosure for this sale can be found here. Insiders sold a total of 116,259 shares of company stock valued at $22,912,048 over the last quarter. 4.90% of the stock is owned by corporate insiders.

A number of brokerages recently commented on ULTI. KeyCorp set a $235.00 price target on The Ultimate Software Group and gave the stock a “buy” rating in a research note on Wednesday, August 16th. Royal Bank Of Canada cut their price objective on The Ultimate Software Group from $233.00 to $216.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 2nd. Wedbush reiterated an “outperform” rating and issued a $220.00 target price (down from $226.00) on shares of The Ultimate Software Group in a report on Thursday, November 2nd. Mizuho reaffirmed a “neutral” rating and set a $200.00 target price (down from $220.00) on shares of The Ultimate Software Group in a research report on Tuesday, August 1st. Finally, Roth Capital increased their price objective on The Ultimate Software Group from $254.00 to $280.00 and gave the company a “buy” rating in a report on Monday, July 31st. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and sixteen have assigned a buy rating to the company’s stock. The Ultimate Software Group has a consensus 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.

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

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