6,127 Shares in The Ultimate Software Group, Inc. (ULTI) Acquired by Quantbot Technologies LP

Quantbot Technologies LP bought a new position in shares of The Ultimate Software Group, Inc. (NASDAQ:ULTI) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 6,127 shares of the technology company’s stock, valued at approximately $1,161,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in ULTI. Janus Henderson Group PLC lifted its position in The Ultimate Software Group by 819.9% during the second quarter. Janus Henderson Group PLC now owns 2,245,044 shares of the technology company’s stock worth $471,594,000 after buying an additional 2,000,984 shares during the period. Harbour Capital Advisors LLC increased its stake in The Ultimate Software Group by 20,578.4% during the second quarter. Harbour Capital Advisors LLC now owns 1,126,972 shares of the technology company’s stock worth $5,365,000 after acquiring an additional 1,121,522 shares during the last quarter. FMR LLC increased its stake in The Ultimate Software Group by 4.9% during the second quarter. FMR LLC now owns 3,869,769 shares of the technology company’s stock worth $812,884,000 after acquiring an additional 180,698 shares during the last quarter. Vanguard Group Inc. increased its stake in The Ultimate Software Group by 3.2% during the second quarter. Vanguard Group Inc. now owns 2,300,574 shares of the technology company’s stock worth $483,258,000 after acquiring an additional 71,422 shares during the last quarter. Finally, Bain Capital Public Equity Management LLC acquired a new stake in The Ultimate Software Group during the second quarter worth about $14,984,000.

In other The Ultimate Software Group news, Director James A. Fitzpatrick, Jr. sold 4,585 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the director now owns 14,650 shares in the company, valued at approximately $3,015,263. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Gregory Swick sold 12,106 shares of the firm’s stock in a transaction that occurred on Tuesday, November 7th. The shares were sold at an average price of $196.10, for a total value of $2,373,986.60. Following the sale, the vice president now owns 29,381 shares of the company’s stock, valued at approximately $5,761,614.10. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 116,259 shares of company stock valued at $22,912,048. 4.90% of the stock is owned by insiders.

Shares of The Ultimate Software Group, Inc. (NASDAQ ULTI) traded up $0.94 during midday trading on Tuesday, reaching $198.66. The company’s stock had a trading volume of 240,600 shares, compared to its average volume of 320,076. The Ultimate Software Group, Inc. has a 12-month low of $180.29 and a 12-month high of $233.42. 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 firm has a market cap of $5,907.04, a price-to-earnings ratio of 188.30, a PEG ratio of 15.33 and a beta of 1.09.

The Ultimate Software Group (NASDAQ:ULTI) last issued its quarterly earnings data on Wednesday, November 1st. The technology company reported $1.05 earnings per share for the quarter, beating 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 firm had revenue of $236.11 million during the quarter, compared to analyst estimates of $232.92 million. During the same quarter last year, the firm earned $0.78 EPS. The Ultimate Software Group’s quarterly revenue was up 19.9% on a year-over-year basis. equities analysts anticipate that The Ultimate Software Group, Inc. will post 0.63 EPS for the current year.

ULTI has been the subject of several research analyst reports. Roth Capital upped their price target on The Ultimate Software Group from $254.00 to $280.00 and gave the stock a “buy” rating in a research note on Monday, July 31st. Stifel Nicolaus restated a “buy” rating and set a $235.00 price target on shares of The Ultimate Software Group in a research note on Friday, July 28th. KeyCorp set a $255.00 price target on The Ultimate Software Group and gave the stock a “buy” rating in a research note on Thursday, July 27th. Canaccord Genuity dropped their price target on The Ultimate Software Group from $240.00 to $225.00 and set a “buy” rating for the company in a research note on Wednesday, August 2nd. Finally, Royal Bank Of Canada restated a “buy” rating and set a $216.00 price target on shares of The Ultimate Software Group in a research note on Tuesday, October 10th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and sixteen have issued a buy rating to the company. The Ultimate Software Group presently has a consensus rating of “Buy” and an average target price of $231.58.

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The Ultimate Software Group Company 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.

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

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