The Ultimate Software Group, Inc. (NASDAQ:ULTI) Director James A. Fitzpatrick, Jr. sold 4,230 shares of the stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $228.63, for a total value of $967,104.90. Following the transaction, the director now owns 9,145 shares of the company’s stock, valued at approximately $2,090,821.35. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

Shares of The Ultimate Software Group, Inc. (ULTI) opened at $228.87 on Friday. The stock has a market capitalization of $6,635.11, a PE ratio of 476.81, a P/E/G ratio of 7.16 and a beta of 1.07. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.18 and a current ratio of 1.18. The Ultimate Software Group, Inc. has a 1-year low of $181.59 and a 1-year high of $242.93.

The Ultimate Software Group (NASDAQ:ULTI) last issued its quarterly earnings data on Tuesday, February 6th. The technology company reported $1.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.87 by $0.24. The business had revenue of $251.43 million for the quarter, compared to analysts’ expectations of $244.83 million. The Ultimate Software Group had a return on equity of 5.31% and a net margin of 1.59%. The firm’s quarterly revenue was up 19.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.91 EPS. analysts expect that The Ultimate Software Group, Inc. will post 1.44 earnings per share for the current fiscal year.

Several research analysts have recently weighed in on the company. Wedbush reiterated an “outperform” rating and set a $234.00 price target (up previously from $226.00) on shares of The Ultimate Software Group in a research note on Wednesday. SunTrust Banks increased their price target on The Ultimate Software Group to $250.00 and gave the stock a “buy” rating in a research note on Wednesday. Canaccord Genuity increased their price target on The Ultimate Software Group from $240.00 to $245.00 and gave the stock a “buy” rating in a research note on Wednesday. Citigroup reiterated an “overweight” rating and set a $232.00 price target on shares of The Ultimate Software Group in a research note on Wednesday. Finally, Stephens reiterated a “hold” rating and set a $240.00 price target on shares of The Ultimate Software Group in a research note on Wednesday. One analyst has rated the stock with a sell rating, five have issued a hold rating and seventeen have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $243.90.

Institutional investors and hedge funds have recently modified their holdings of the stock. Zions Bancorporation purchased a new stake in The Ultimate Software Group during the 3rd quarter worth about $182,000. Banque Pictet & Cie SA purchased a new stake in The Ultimate Software Group during the 3rd quarter worth about $209,000. CIBC Asset Management Inc purchased a new stake in The Ultimate Software Group during the 4th quarter worth about $213,000. FineMark National Bank & Trust purchased a new stake in The Ultimate Software Group during the 4th quarter worth about $217,000. Finally, Nomura Holdings Inc. purchased a new stake in The Ultimate Software Group during the 2nd quarter worth about $229,000.

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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.

Insider Buying and Selling by Quarter for The Ultimate Software Group (NASDAQ:ULTI)

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