Greenleaf Trust reduced its holdings in The Ultimate Software Group, Inc. (NASDAQ:ULTI) by 11.7% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 3,634 shares of the technology company’s stock after selling 483 shares during the quarter. Greenleaf Trust’s holdings in The Ultimate Software Group were worth $1,200,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Carroll Financial Associates Inc. boosted its holdings in The Ultimate Software Group by 66.2% during the first quarter. Carroll Financial Associates Inc. now owns 108 shares of the technology company’s stock valued at $35,000 after purchasing an additional 43 shares in the last quarter. Advisory Services Network LLC boosted its holdings in The Ultimate Software Group by 72.2% during the fourth quarter. Advisory Services Network LLC now owns 155 shares of the technology company’s stock valued at $38,000 after purchasing an additional 65 shares in the last quarter. Executive Wealth Management LLC acquired a new stake in The Ultimate Software Group during the fourth quarter valued at approximately $41,000. Fort L.P. acquired a new stake in The Ultimate Software Group during the fourth quarter valued at approximately $84,000. Finally, First Hawaiian Bank boosted its holdings in The Ultimate Software Group by 25.3% during the fourth quarter. First Hawaiian Bank now owns 426 shares of the technology company’s stock valued at $105,000 after purchasing an additional 86 shares in the last quarter. 91.20% of the stock is currently owned by institutional investors.

NASDAQ:ULTI opened at $331.36 on Wednesday. The Ultimate Software Group, Inc. has a 1 year low of $219.97 and a 1 year high of $365.86. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.02 and a quick ratio of 1.02. The company has a market capitalization of $10.50 billion, a PE ratio of 138.64, a PEG ratio of 6.51 and a beta of 1.29.

A number of research firms have weighed in on ULTI. SunTrust Banks downgraded The Ultimate Software Group from a “buy” rating to a “hold” rating and set a $332.93 price objective on the stock. in a report on Wednesday, February 20th. BidaskClub downgraded The Ultimate Software Group from a “strong-buy” rating to a “buy” rating in a report on Wednesday, March 20th. William Blair downgraded The Ultimate Software Group from an “outperform” rating to a “market perform” rating in a report on Thursday, March 28th. JPMorgan Chase & Co. downgraded The Ultimate Software Group from an “overweight” rating to a “neutral” rating in a report on Wednesday, March 27th. Finally, Royal Bank of Canada downgraded The Ultimate Software Group from an “outperform” rating to a “sector perform” rating and decreased their price objective for the company from $340.00 to $331.50 in a report on Tuesday, March 26th. Two investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and six have issued a buy rating to the company. The Ultimate Software Group presently has an average rating of “Hold” and a consensus target price of $317.11.

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The Ultimate Software Group Profile

The Ultimate Software Group, Inc provides cloud-based human capital management solutions to enterprise companies, mid-market companies, and companies in the strategic market in the United States, Canada, Europe, the Asia Pacific, and internationally. Its UltiPro software solution delivers the functionality businesses need to manage the employee life cycle from recruitment to retirement.

Further Reading: Fiduciary

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

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