Ultimate Software Group, Inc. (ULTI) Shares Bought by Eaton Vance Management

Eaton Vance Management lifted its holdings in shares of Ultimate Software Group, Inc. (NASDAQ:ULTI) by 46.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 31,671 shares of the technology company’s stock after buying an additional 10,016 shares during the quarter. Eaton Vance Management owned approximately 0.10% of Ultimate Software Group worth $7,718,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in ULTI. Dimensional Fund Advisors LP raised its stake in shares of Ultimate Software Group by 7.6% during the 3rd quarter. Dimensional Fund Advisors LP now owns 77,546 shares of the technology company’s stock worth $14,701,000 after buying an additional 5,484 shares during the period. Bank of Montreal Can raised its stake in shares of Ultimate Software Group by 28.9% during the 4th quarter. Bank of Montreal Can now owns 15,445 shares of the technology company’s stock worth $3,370,000 after buying an additional 3,463 shares during the period. Schwab Charles Investment Management Inc. raised its stake in shares of Ultimate Software Group by 4.8% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 93,064 shares of the technology company’s stock worth $20,310,000 after buying an additional 4,294 shares during the period. State of Alaska Department of Revenue acquired a new position in shares of Ultimate Software Group during the 4th quarter worth approximately $458,000. Finally, SG Americas Securities LLC raised its stake in shares of Ultimate Software Group by 346.5% during the 4th quarter. SG Americas Securities LLC now owns 4,612 shares of the technology company’s stock worth $1,006,000 after buying an additional 3,579 shares during the period.

ULTI has been the subject of several research analyst reports. BidaskClub raised Ultimate Software Group from a “hold” rating to a “buy” rating in a research note on Friday, May 4th. SunTrust Banks increased their price objective on Ultimate Software Group to $250.00 and gave the company a “buy” rating in a research note on Wednesday, February 7th. Wedbush reissued an “outperform” rating and issued a $234.00 price objective (up from $226.00) on shares of Ultimate Software Group in a research note on Wednesday, February 7th. ValuEngine raised Ultimate Software Group from a “hold” rating to a “buy” rating in a research note on Monday, April 2nd. Finally, TheStreet raised Ultimate Software Group from a “c+” rating to a “b-” rating in a research note on Tuesday, May 1st. One research analyst has rated the stock with a sell rating, four have issued a hold rating and eighteen have issued a buy rating to the company. Ultimate Software Group presently has a consensus rating of “Buy” and a consensus price target of $253.29.

Shares of ULTI opened at $265.16 on Friday. Ultimate Software Group, Inc. has a 52-week low of $181.59 and a 52-week high of $267.92. The firm has a market capitalization of $8.08 billion, a price-to-earnings ratio of 327.36, a P/E/G ratio of 5.39 and a beta of 0.99. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.08 and a quick ratio of 1.08.

Ultimate Software Group (NASDAQ:ULTI) last issued its earnings results on Tuesday, May 1st. The technology company reported $1.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.13 by $0.17. Ultimate Software Group had a return on equity of 6.24% and a net margin of 2.90%. The business had revenue of $277.00 million during the quarter, compared to the consensus estimate of $270.80 million. During the same period last year, the company earned $0.75 EPS. The company’s revenue for the quarter was up 21.2% on a year-over-year basis. sell-side analysts forecast that Ultimate Software Group, Inc. will post 2.25 EPS for the current fiscal year.

In other Ultimate Software Group news, Director James A. Fitzpatrick, Jr. sold 4,375 shares of the firm’s stock in a transaction on Thursday, May 3rd. The stock was sold at an average price of $247.43, for a total value of $1,082,506.25. Following the completion of the sale, the director now directly owns 10,200 shares of the company’s stock, valued at approximately $2,523,786. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Rick Wilber sold 5,000 shares of the stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $244.96, for a total value of $1,224,800.00. The disclosure for this sale can be found here. Insiders sold a total of 16,375 shares of company stock valued at $4,044,586 over the last ninety days. Corporate insiders own 3.00% of the company’s stock.

Ultimate Software Group Profile

The Ultimate Software Group, Inc provides cloud-based human capital management solutions primarily to enterprise companies in the United States and Canada. The company's UltiPro software solution delivers the functionality businesses to manage the employee life cycle from recruitment to retirement.

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

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