The Ultimate Software Group, Inc. (NASDAQ:ULTI) Director James A. Fitzpatrick, Jr. sold 531 shares of The Ultimate Software Group stock in a transaction that occurred on Thursday, February 7th. The stock was sold at an average price of $332.00, for a total transaction of $176,292.00. Following the sale, the director now owns 9,937 shares of the company’s stock, valued at approximately $3,299,084. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

NASDAQ ULTI traded down $0.32 during trading on Friday, reaching $331.74. 1,095,314 shares of the stock traded hands, compared to its average volume of 479,395. The stock has a market cap of $10.38 billion, a P/E ratio of 138.80, a P/E/G ratio of 5.71 and a beta of 1.25. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.04 and a current ratio of 1.07. The Ultimate Software Group, Inc. has a fifty-two week low of $216.87 and a fifty-two week high of $365.86.

The Ultimate Software Group (NASDAQ:ULTI) last issued its quarterly earnings data on Monday, February 4th. The technology company reported $1.95 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.58 by $1.37. The firm had revenue of $304.80 million during the quarter, compared to analysts’ expectations of $300.60 million. The Ultimate Software Group had a net margin of 5.71% and a return on equity of 9.90%. The business’s revenue for the quarter was up 21.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.11 earnings per share. Analysts predict that The Ultimate Software Group, Inc. will post 2.74 earnings per share for the current fiscal year.

ULTI has been the subject of several analyst reports. Raymond James cut shares of The Ultimate Software Group from an “outperform” rating to a “market perform” rating in a research report on Tuesday. SunTrust Banks lifted their price target on shares of The Ultimate Software Group to $331.50 in a research report on Wednesday. BidaskClub cut shares of The Ultimate Software Group from a “buy” rating to a “hold” rating in a research report on Thursday, November 1st. Evercore ISI upgraded shares of The Ultimate Software Group from an “in-line” rating to an “outperform” rating and set a $310.00 price target for the company in a research report on Thursday, December 13th. Finally, UBS Group cut shares of The Ultimate Software Group to a “neutral” rating and lifted their price target for the stock from $303.00 to $331.50 in a research report on Monday. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $314.60.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Cigna Investments Inc. New lifted its stake in The Ultimate Software Group by 4.0% in the fourth quarter. Cigna Investments Inc. New now owns 1,016 shares of the technology company’s stock valued at $249,000 after buying an additional 39 shares in the last quarter. Janney Montgomery Scott LLC lifted its position in shares of The Ultimate Software Group by 0.7% in the fourth quarter. Janney Montgomery Scott LLC now owns 5,835 shares of the technology company’s stock worth $1,429,000 after purchasing an additional 40 shares in the last quarter. Creative Planning lifted its position in shares of The Ultimate Software Group by 5.0% in the fourth quarter. Creative Planning now owns 886 shares of the technology company’s stock worth $217,000 after purchasing an additional 42 shares in the last quarter. Rothschild Capital Partners LLC lifted its position in shares of The Ultimate Software Group by 0.5% in the fourth quarter. Rothschild Capital Partners LLC now owns 12,523 shares of the technology company’s stock worth $3,067,000 after purchasing an additional 63 shares in the last quarter. Finally, Bbva Compass Bancshares Inc. lifted its position in shares of The Ultimate Software Group by 8.4% in the fourth quarter. Bbva Compass Bancshares Inc. now owns 986 shares of the technology company’s stock worth $241,000 after purchasing an additional 76 shares in the last quarter. 96.69% of the stock is currently owned by hedge funds and other institutional investors.

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The Ultimate Software Group Company 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 need to manage the employee life cycle from recruitment to retirement.

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