DF Dent & Co. Inc. lifted its holdings in shares of The Ultimate Software Group, Inc. (NASDAQ:ULTI) by 12.3% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 2,787 shares of the technology company’s stock after acquiring an additional 305 shares during the period. DF Dent & Co. Inc.’s holdings in The Ultimate Software Group were worth $528,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of ULTI. Creative Planning grew its stake in shares of The Ultimate Software Group by 257.4% during the second quarter. Creative Planning now owns 504 shares of the technology company’s stock worth $106,000 after acquiring an additional 363 shares during the last quarter. Zions Bancorporation purchased a new stake in shares of The Ultimate Software Group during the third quarter worth about $182,000. ETRADE Capital Management LLC acquired a new stake in shares of The Ultimate Software Group during the second quarter worth about $201,000. Banque Pictet & Cie SA acquired a new stake in shares of The Ultimate Software Group during the third quarter worth about $209,000. Finally, Turner Investments LLC lifted its holdings in shares of The Ultimate Software Group by 33.3% during the second quarter. Turner Investments LLC now owns 1,000 shares of the technology company’s stock worth $210,000 after purchasing an additional 250 shares during the period.

A number of equities research analysts recently commented on the company. Mizuho reaffirmed a “hold” rating and set a $200.00 target price on shares of The Ultimate Software Group in a report on Wednesday, December 6th. Bank of America assumed coverage on The Ultimate Software Group in a report on Monday, November 6th. They set an “underperform” rating and a $187.00 target price for the company. SunTrust Banks reaffirmed a “buy” rating and set a $225.00 target price on shares of The Ultimate Software Group in a report on Friday, November 3rd. Robert W. Baird reaffirmed a “hold” rating and set a $210.00 target price on shares of The Ultimate Software Group in a report on Friday, November 3rd. Finally, Canaccord Genuity lifted their target price on The Ultimate Software Group from $225.00 to $240.00 and gave the stock a “buy” rating in a report on Thursday, November 2nd. One research analyst has rated the stock with a sell rating, seven have given a hold rating and sixteen have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $231.58.

In other news, Director Alois T. Leiter sold 5,559 shares of the business’s stock in a transaction that occurred on Friday, November 10th. The stock was sold at an average price of $198.16, for a total value of $1,101,571.44. Following the completion of the sale, the director now directly owns 165,596 shares in the company, valued at $32,814,503.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director James A. Fitzpatrick, Jr. sold 4,585 shares of the business’s stock in a transaction that occurred on Friday, November 3rd. The shares were sold at an average price of $205.82, for a total value of $943,684.70. Following the completion of the sale, the director now owns 14,650 shares of the company’s stock, valued at $3,015,263. The disclosure for this sale can be found here. Insiders sold 116,259 shares of company stock valued at $22,912,048 over the last three months. 4.90% of the stock is currently owned by corporate insiders.

The Ultimate Software Group, Inc. (NASDAQ:ULTI) opened at $213.25 on Wednesday. The Ultimate Software Group, Inc. has a twelve month low of $180.29 and a twelve month high of $233.42. The stock has a market capitalization of $6,416.42, a P/E ratio of 204.54, a price-to-earnings-growth ratio of 16.65 and a beta of 1.08. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.18 and a quick ratio of 1.18.

The Ultimate Software Group (NASDAQ:ULTI) last announced its quarterly earnings results on Wednesday, November 1st. The technology company reported $1.05 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate 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 company had revenue of $236.11 million during the quarter, compared to the consensus estimate of $232.92 million. During the same period in the previous year, the company posted $0.78 earnings per share. The Ultimate Software Group’s revenue for the quarter was up 19.9% on a year-over-year basis. equities research analysts predict that The Ultimate Software Group, Inc. will post 0.63 EPS for the current fiscal year.

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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.

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

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