The Ultimate Software Group, Inc. (NASDAQ:ULTI) Shares Sold by Bbva Compass Bancshares Inc.

Bbva Compass Bancshares Inc. cut its stake in shares of The Ultimate Software Group, Inc. (NASDAQ:ULTI) by 28.2% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,403 shares of the technology company’s stock after selling 551 shares during the quarter. Bbva Compass Bancshares Inc.’s holdings in The Ultimate Software Group were worth $266,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in the company. Westpac Banking Corp lifted its stake in The Ultimate Software Group by 88.2% in the third quarter. Westpac Banking Corp now owns 25,633 shares of the technology company’s stock valued at $4,860,000 after buying an additional 12,012 shares during the last quarter. Conestoga Capital Advisors LLC lifted its stake in The Ultimate Software Group by 99.4% in the third quarter. Conestoga Capital Advisors LLC now owns 11,267 shares of the technology company’s stock valued at $2,136,000 after buying an additional 5,617 shares during the last quarter. Crossmark Global Holdings Inc. purchased a new stake in The Ultimate Software Group in the third quarter valued at approximately $752,000. Pictet Asset Management Ltd. lifted its stake in The Ultimate Software Group by 13.4% in the third quarter. Pictet Asset Management Ltd. now owns 106,797 shares of the technology company’s stock valued at $20,249,000 after buying an additional 12,605 shares during the last quarter. Finally, Peregrine Capital Management LLC lifted its stake in The Ultimate Software Group by 2.5% in the third quarter. Peregrine Capital Management LLC now owns 143,594 shares of the technology company’s stock valued at $27,225,000 after buying an additional 3,454 shares during the last quarter.

Shares of The Ultimate Software Group, Inc. (ULTI) opened at $198.37 on Wednesday. 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 $180.29 and a 12 month high of $233.42. The firm has a market capitalization of $5,915.41, a P/E ratio of 188.57, a price-to-earnings-growth ratio of 15.35 and a beta of 1.09.

The Ultimate Software Group (NASDAQ:ULTI) last released its earnings results on Wednesday, November 1st. The technology company reported $1.05 EPS for the quarter, topping analysts’ consensus estimates of $0.88 by $0.17. The Ultimate Software Group had a return on equity of 6.84% and a net margin of 3.31%. The company had revenue of $236.11 million for the quarter, compared to the consensus estimate of $232.92 million. During the same quarter last year, the business posted $0.78 EPS. The Ultimate Software Group’s quarterly revenue was up 19.9% compared to the same quarter last year. equities research analysts forecast that The Ultimate Software Group, Inc. will post 0.63 earnings per share for the current year.

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

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A number of research firms have recently issued reports on ULTI. Piper Jaffray Companies reissued an “overweight” rating and issued a $250.00 target price on shares of The Ultimate Software Group in a report on Saturday, July 22nd. Robert W. Baird reissued a “hold” rating and issued a $210.00 target price on shares of The Ultimate Software Group in a report on Friday, November 3rd. Credit Suisse Group reissued an “outperform” rating and issued a $245.00 target price (down previously from $260.00) on shares of The Ultimate Software Group in a report on Wednesday, August 2nd. Zacks Investment Research lowered The Ultimate Software Group from a “hold” rating to a “sell” rating in a report on Thursday, October 19th. Finally, Wedbush reissued an “outperform” rating and issued a $220.00 target price (down previously from $226.00) on shares of The Ultimate Software Group in a report on Thursday, November 2nd. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and sixteen have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $231.58.

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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