New York State Common Retirement Fund decreased its holdings in The Ultimate Software Group, Inc. (NASDAQ:ULTI) by 11.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 184,583 shares of the technology company’s stock after selling 23,792 shares during the quarter. New York State Common Retirement Fund owned 0.62% of The Ultimate Software Group worth $34,997,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Creative Planning raised its holdings in The Ultimate Software Group by 257.4% in the second quarter. Creative Planning now owns 504 shares of the technology company’s stock valued at $106,000 after acquiring an additional 363 shares in the last quarter. ETRADE Capital Management LLC acquired a new stake in The Ultimate Software Group in the second quarter valued at approximately $201,000. Turner Investments LLC raised its holdings in The Ultimate Software Group by 33.3% in the second quarter. Turner Investments LLC now owns 1,000 shares of the technology company’s stock valued at $210,000 after acquiring an additional 250 shares in the last quarter. Eagle Boston Investment Management Inc. acquired a new stake in The Ultimate Software Group in the second quarter valued at approximately $218,000. Finally, Nomura Holdings Inc. acquired a new stake in The Ultimate Software Group in the second quarter valued at approximately $229,000.

Several analysts recently weighed in on ULTI shares. Stifel Nicolaus raised their target price on shares of The Ultimate Software Group from $235.00 to $250.00 and gave the company a “buy” rating in a report on Thursday, November 2nd. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $216.00 target price on shares of The Ultimate Software Group in a report on Tuesday, October 10th. Zacks Investment Research raised shares of The Ultimate Software Group from a “sell” rating to a “hold” rating in a report on Wednesday, October 11th. BidaskClub raised shares of The Ultimate Software Group from a “sell” rating to a “hold” rating in a report on Wednesday, August 23rd. Finally, SunTrust Banks reaffirmed a “buy” rating and issued a $225.00 target price on shares of The Ultimate Software Group in a report on Friday, November 3rd. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and sixteen have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $231.58.

In other news, Director Alois T. Leiter sold 5,559 shares of The Ultimate Software Group stock in a transaction on Friday, November 10th. The shares were sold at an average price of $198.16, for a total value of $1,101,571.44. Following the transaction, the director now directly owns 165,596 shares of the company’s stock, valued at approximately $32,814,503.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Mitchell K. Dauerman sold 15,480 shares of The Ultimate Software Group stock in a transaction on Tuesday, November 7th. The shares were sold at an average price of $196.00, for a total transaction of $3,034,080.00. Following the completion of the transaction, the chief financial officer now directly owns 122,045 shares in the company, valued at $23,920,820. The disclosure for this sale can be found here. Insiders sold a total of 116,259 shares of company stock worth $22,912,048 over the last ninety days. Corporate insiders own 4.90% of the company’s stock.

Shares of The Ultimate Software Group, Inc. (ULTI) opened at $213.88 on Friday. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.01. The Ultimate Software Group, Inc. has a 1-year low of $180.29 and a 1-year high of $233.42. The firm has a market cap of $6,350.00, a P/E ratio of 197.24, a price-to-earnings-growth ratio of 16.06 and a beta of 1.08.

The Ultimate Software Group (NASDAQ:ULTI) last released its quarterly earnings data on Wednesday, November 1st. The technology company reported $1.05 earnings per share for the quarter, topping analysts’ consensus estimates of $0.88 by $0.17. The Ultimate Software Group had a net margin of 3.31% and a return on equity of 6.84%. The company had revenue of $236.11 million for the quarter, compared to analysts’ expectations of $232.92 million. During the same quarter last year, the company earned $0.78 earnings per share. The firm’s revenue for the quarter was up 19.9% on a year-over-year basis. sell-side analysts expect that The Ultimate Software Group, Inc. will post 0.63 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.

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

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