The Ultimate Software Group, Inc. (NASDAQ:ULTI) COO Marc D. Scherr sold 32,156 shares of The Ultimate Software Group stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $222.36, for a total transaction of $7,150,208.16. Following the completion of the transaction, the chief operating officer now directly owns 304,939 shares in the company, valued at approximately $67,806,236.04. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

The Ultimate Software Group, Inc. (ULTI) opened at $230.95 on Wednesday. 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, Inc. has a 12 month low of $181.59 and a 12 month high of $242.93. The stock has a market cap of $6,837.67, a price-to-earnings ratio of 481.15, a P/E/G ratio of 5.65 and a beta of 1.07.

The Ultimate Software Group (NASDAQ:ULTI) last posted its earnings results on Tuesday, February 6th. The technology company reported $1.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.87 by $0.24. The Ultimate Software Group had a net margin of 1.59% and a return on equity of 5.31%. The firm had revenue of $251.43 million during the quarter, compared to analysts’ expectations of $244.83 million. During the same period in the previous year, the business posted $0.91 EPS. The business’s revenue was up 19.4% compared to the same quarter last year. research analysts anticipate that The Ultimate Software Group, Inc. will post 1.83 earnings per share for the current year.

A number of analysts recently commented on ULTI shares. Guggenheim reiterated a “buy” rating and issued a $245.00 target price on shares of The Ultimate Software Group in a research note on Thursday, January 11th. Piper Jaffray Companies reiterated an “overweight” rating and issued a $250.00 target price on shares of The Ultimate Software Group in a research note on Tuesday, January 16th. Citigroup reiterated an “overweight” rating and issued a $232.00 target price on shares of The Ultimate Software Group in a research note on Wednesday, February 7th. Wedbush reiterated an “outperform” rating and issued a $234.00 target price (up from $226.00) on shares of The Ultimate Software Group in a research note on Wednesday, February 7th. Finally, Credit Suisse Group reiterated an “outperform” rating and issued a $255.00 target price (up from $245.00) on shares of The Ultimate Software Group in a research note on Wednesday, February 7th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and seventeen have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $243.90.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Westpac Banking Corp lifted its stake in shares of The Ultimate Software Group by 88.2% in the 3rd quarter. Westpac Banking Corp now owns 25,633 shares of the technology company’s stock valued at $4,860,000 after purchasing an additional 12,012 shares during the period. Bamco Inc. NY lifted its stake in shares of The Ultimate Software Group by 32.6% in the 3rd quarter. Bamco Inc. NY now owns 520,740 shares of the technology company’s stock valued at $98,732,000 after purchasing an additional 128,099 shares during the period. Bank of Nova Scotia acquired a new position in shares of The Ultimate Software Group in the 2nd quarter valued at $1,884,000. Quantbot Technologies LP acquired a new position in shares of The Ultimate Software Group in the 3rd quarter valued at $1,161,000. Finally, Schroder Investment Management Group purchased a new stake in The Ultimate Software Group in the 3rd quarter worth $493,000.

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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.

Insider Buying and Selling by Quarter for The Ultimate Software Group (NASDAQ:ULTI)

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