Janus Henderson Group PLC grew its stake in The Ultimate Software Group, Inc. (NASDAQ:ULTI) by 819.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,245,044 shares of the technology company’s stock after acquiring an additional 2,000,984 shares during the quarter. Janus Henderson Group PLC owned about 7.53% of The Ultimate Software Group worth $471,594,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the company. FMR LLC increased its holdings in shares of The Ultimate Software Group by 4.9% in the 2nd quarter. FMR LLC now owns 3,869,769 shares of the technology company’s stock valued at $812,884,000 after acquiring an additional 180,698 shares during the period. BlackRock Inc. increased its holdings in shares of The Ultimate Software Group by 1.4% in the 2nd quarter. BlackRock Inc. now owns 2,421,091 shares of the technology company’s stock valued at $508,574,000 after acquiring an additional 32,430 shares during the period. Vanguard Group Inc. increased its holdings in shares of The Ultimate Software Group by 3.2% in the 2nd quarter. Vanguard Group Inc. now owns 2,300,574 shares of the technology company’s stock valued at $483,258,000 after acquiring an additional 71,422 shares during the period. Harbour Capital Advisors LLC increased its holdings in shares of The Ultimate Software Group by 20,578.4% in the 2nd quarter. Harbour Capital Advisors LLC now owns 1,126,972 shares of the technology company’s stock valued at $5,365,000 after acquiring an additional 1,121,522 shares during the period. Finally, Janus Capital Management LLC grew its stake in The Ultimate Software Group by 15.9% during the 1st quarter. Janus Capital Management LLC now owns 903,969 shares of the technology company’s stock worth $176,458,000 after buying an additional 123,801 shares during the last quarter.

In related news, VP Robert Manne sold 5,000 shares of the firm’s stock in a transaction dated Thursday, August 3rd. The stock was sold at an average price of $200.39, for a total transaction of $1,001,950.00. Following the transaction, the vice president now owns 78,633 shares of the company’s stock, valued at $15,757,266.87. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director James A. Fitzpatrick, Jr. sold 4,613 shares of the firm’s stock in a transaction dated Thursday, August 3rd. The stock was sold at an average price of $200.39, for a total value of $924,399.07. Following the transaction, the director now directly owns 15,000 shares in the company, valued at approximately $3,005,850. The disclosure for this sale can be found here. Company insiders own 4.90% of the company’s stock.

ULTI has been the topic of several research analyst reports. Credit Suisse Group restated a “buy” rating on shares of The Ultimate Software Group in a research note on Monday, July 3rd. Piper Jaffray Companies restated an “overweight” rating and set a $250.00 target price on shares of The Ultimate Software Group in a research note on Saturday, July 22nd. ValuEngine upgraded The Ultimate Software Group from a “sell” rating to a “hold” rating in a research note on Friday, September 1st. SunTrust Banks, Inc. initiated coverage on The Ultimate Software Group in a research note on Monday, June 26th. They set a “buy” rating and a $240.00 target price on the stock. Finally, Pacific Crest restated an “overweight” rating and set a $255.00 target price (up from $240.00) on shares of The Ultimate Software Group in a research note on Monday, June 26th. One analyst has rated the stock with a sell rating, five have issued a hold rating and sixteen have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $235.29.

Shares of The Ultimate Software Group, Inc. (ULTI) traded up 0.63% during mid-day trading on Thursday, reaching $191.48. The company’s stock had a trading volume of 49,373 shares. The company’s 50-day moving average is $191.89 and its 200-day moving average is $204.89. The stock has a market capitalization of $5.71 billion, a price-to-earnings ratio of 197.61 and a beta of 1.07. The Ultimate Software Group, Inc. has a 52 week low of $180.29 and a 52 week high of $233.42.

The Ultimate Software Group (NASDAQ:ULTI) last released its quarterly earnings results on Tuesday, August 1st. The technology company reported $0.18 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.21 by ($0.03). The Ultimate Software Group had a return on equity of 7.20% and a net margin of 3.47%. The company had revenue of $224.70 million for the quarter, compared to analysts’ expectations of $228.02 million. During the same period in the prior year, the business earned $0.76 EPS. The business’s quarterly revenue was up 20.4% compared to the same quarter last year. Equities analysts predict that The Ultimate Software Group, Inc. will post $3.53 EPS for the current 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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