UBS Asset Management Americas Inc. raised its stake in shares of The Ultimate Software Group Inc. (NASDAQ:ULTI) by 35.9% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 85,335 shares of the company’s stock after buying an additional 22,533 shares during the period. UBS Asset Management Americas Inc. owned approximately 0.29% of The Ultimate Software Group worth $17,945,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the stock. Wellington Management Group LLP boosted its position in shares of The Ultimate Software Group by 1,113.6% in the first quarter. Wellington Management Group LLP now owns 436,380 shares of the company’s stock valued at $84,440,000 after buying an additional 400,422 shares during the period. Norges Bank acquired a new position in shares of The Ultimate Software Group during the fourth quarter valued at about $43,315,000. Royal Bank of Canada boosted its position in shares of The Ultimate Software Group by 55.9% in the first quarter. Royal Bank of Canada now owns 333,014 shares of the company’s stock valued at $64,439,000 after buying an additional 119,442 shares during the period. 1832 Asset Management L.P. boosted its position in shares of The Ultimate Software Group by 25.4% in the first quarter. 1832 Asset Management L.P. now owns 345,700 shares of the company’s stock valued at $107,356,000 after buying an additional 70,000 shares during the period. Finally, Emerald Acquisition Ltd. acquired a new position in shares of The Ultimate Software Group during the second quarter valued at about $14,470,000. Hedge funds and other institutional investors own 97.60% of the company’s stock.

The Ultimate Software Group Inc. (NASDAQ:ULTI) traded up 0.16% on Tuesday, hitting $204.70. 75,553 shares of the company were exchanged. The stock has a market capitalization of $5.92 billion, a P/E ratio of 320.34 and a beta of 1.26. The company has a 50 day moving average price of $209.47 and a 200-day moving average price of $201.29. The Ultimate Software Group Inc. has a 52 week low of $148.26 and a 52 week high of $224.07.

The Ultimate Software Group (NASDAQ:ULTI) last posted its quarterly earnings results on Tuesday, July 26th. The company reported $0.76 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.76. The company earned $186.50 million during the quarter, compared to analyst estimates of $187.06 million. The Ultimate Software Group had a net margin of 2.71% and a return on equity of 3.71%. The firm’s revenue was up 94.6% compared to the same quarter last year. During the same period in the prior year, the business posted $0.62 EPS. On average, equities analysts expect that The Ultimate Software Group Inc. will post $3.29 earnings per share for the current fiscal year.

Several equities analysts have issued reports on ULTI shares. Wedbush restated a “neutral” rating and issued a $203.00 price target on shares of The Ultimate Software Group in a research report on Monday, July 25th. Deutsche Bank AG upped their price target on shares of The Ultimate Software Group from $215.00 to $240.00 and gave the company a “buy” rating in a research report on Wednesday, July 27th. MKM Partners upped their price target on shares of The Ultimate Software Group from $230.00 to $250.00 and gave the company a “buy” rating in a research report on Wednesday, July 27th. Zacks Investment Research upgraded shares of The Ultimate Software Group from a “hold” rating to a “buy” rating and set a $224.00 price target for the company in a research report on Wednesday, June 29th. Finally, TheStreet cut shares of The Ultimate Software Group from a “buy” rating to a “hold” rating in a research report on Monday, August 29th. Eight analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. The Ultimate Software Group has a consensus rating of “Buy” and a consensus price target of $221.38.

In other news, Director Leroy Vander Putten sold 1,351 shares of the company’s stock in a transaction dated Monday, August 8th. The shares were sold at an average price of $210.22, for a total value of $284,007.22. Following the sale, the director now directly owns 21,934 shares of the company’s stock, valued at approximately $4,610,965.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP John C. Phenicie sold 3,504 shares of the company’s stock in a transaction dated Thursday, July 28th. The stock was sold at an average price of $209.45, for a total transaction of $733,912.80. Following the completion of the sale, the vice president now directly owns 55,524 shares in the company, valued at $11,629,501.80. The disclosure for this sale can be found here. 5.60% of the stock is currently owned by insiders.

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, and includes global people management, available in over 10 languages with approximately 40 country-specific localizations.

5 Day Chart for NASDAQ:ULTI

Receive News & Ratings for The Ultimate Software Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Ultimate Software Group Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.