The Ultimate Software Group, Inc. (NASDAQ:ULTI) COO Marc D. Scherr sold 29,992 shares of the company’s stock in a transaction on Tuesday, November 7th. The stock was sold at an average price of $196.25, for a total value of $5,885,930.00. Following the sale, the chief operating officer now owns 368,756 shares of the company’s stock, valued at approximately $72,368,365. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

The Ultimate Software Group, Inc. (ULTI) opened at $196.91 on Friday. The Ultimate Software Group, Inc. has a 1 year low of $180.29 and a 1 year high of $233.42. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.15 and a current ratio of 1.18. The company has a market capitalization of $5,859.54, a price-to-earnings ratio of 186.79, a PEG ratio of 15.21 and a beta of 1.09.

The Ultimate Software Group (NASDAQ:ULTI) last issued its quarterly earnings results on Wednesday, November 1st. The technology company reported $1.05 EPS for the quarter, beating analysts’ consensus estimates of $0.88 by $0.17. The firm had revenue of $236.11 million for the quarter, compared to analysts’ expectations of $232.92 million. The Ultimate Software Group had a return on equity of 3.69% and a net margin of 1.99%. The business’s revenue for the quarter was up 19.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.78 EPS. sell-side analysts forecast that The Ultimate Software Group, Inc. will post 0.63 earnings per share for the current fiscal year.

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ULTI has been the subject of several recent research reports. Piper Jaffray Companies reiterated an “overweight” rating and set a $250.00 price target on shares of The Ultimate Software Group in a report on Saturday, July 22nd. ValuEngine upgraded The Ultimate Software Group from a “sell” rating to a “hold” rating in a report on Friday, September 1st. Royal Bank Of Canada reiterated a “buy” rating and set a $210.00 price target on shares of The Ultimate Software Group in a report on Friday, October 20th. KeyCorp set a $255.00 price target on The Ultimate Software Group and gave the stock a “buy” rating in a report on Thursday, July 27th. Finally, Zacks Investment Research downgraded The Ultimate Software Group from a “hold” rating to a “sell” rating in a report on Thursday, October 19th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and sixteen have issued a buy rating to the company. The Ultimate Software Group currently has a consensus rating of “Buy” and an average target price of $231.58.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Wells Fargo & Company MN lifted its holdings in The Ultimate Software Group by 2.7% during the 3rd quarter. Wells Fargo & Company MN now owns 1,206,051 shares of the technology company’s stock worth $228,666,000 after purchasing an additional 31,945 shares in the last quarter. 1492 Capital Management LLC lifted its holdings in The Ultimate Software Group by 93.3% during the 3rd quarter. 1492 Capital Management LLC now owns 4,002 shares of the technology company’s stock worth $759,000 after purchasing an additional 1,932 shares in the last quarter. Schroder Investment Management Group purchased a new stake in The Ultimate Software Group during the 3rd quarter worth about $493,000. Trexquant Investment LP purchased a new stake in The Ultimate Software Group during the 3rd quarter worth about $305,000. Finally, JPMorgan Chase & Co. lifted its holdings in The Ultimate Software Group by 9,698.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 34,394 shares of the technology company’s stock worth $6,358,000 after purchasing an additional 34,043 shares in the last quarter.

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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