Advisor Group Inc. lifted its position in shares of The Ultimate Software Group, Inc. (NASDAQ:ULTI) by 158.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,113 shares of the technology company’s stock after purchasing an additional 2,523 shares during the period. Advisor Group Inc.’s holdings in The Ultimate Software Group were worth $780,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Creative Planning increased its stake in shares of The Ultimate Software Group by 257.4% during the 2nd quarter. Creative Planning now owns 504 shares of the technology company’s stock worth $106,000 after purchasing an additional 363 shares during the last quarter. Huntington National Bank increased its stake in shares of The Ultimate Software Group by 24.7% during the 2nd quarter. Huntington National Bank now owns 857 shares of the technology company’s stock worth $180,000 after purchasing an additional 170 shares during the last quarter. Benjamin F. Edwards & Company Inc. increased its stake in shares of The Ultimate Software Group by 23.1% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 873 shares of the technology company’s stock worth $183,000 after purchasing an additional 164 shares during the last quarter. FineMark National Bank & Trust acquired a new position in The Ultimate Software Group in the 2nd quarter valued at about $200,000. Finally, ETRADE Capital Management LLC acquired a new position in The Ultimate Software Group in the 2nd quarter valued at about $201,000.

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In related news, Chairman Scott Scherr sold 43,537 shares of the stock in a transaction that occurred on Tuesday, November 7th. The shares were sold at an average price of $196.21, for a total value of $8,542,394.77. Following the completion of the transaction, the chairman now owns 426,427 shares of the company’s stock, valued at approximately $83,669,241.67. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Alois T. Leiter sold 5,559 shares of the stock in a transaction that occurred on Friday, November 10th. The shares were sold at an average price of $198.16, for a total transaction of $1,101,571.44. Following the completion of the transaction, the director now directly owns 165,596 shares of the company’s stock, valued at approximately $32,814,503.36. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 116,259 shares of company stock valued at $22,912,048. 4.90% of the stock is currently owned by insiders.

Shares of The Ultimate Software Group, Inc. (NASDAQ:ULTI) opened at $196.98 on Thursday. The Ultimate Software Group, Inc. has a twelve month low of $180.29 and a twelve month high of $233.42. 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 firm has a market cap of $5,936.32, a P/E ratio of 189.24, a PEG ratio of 15.41 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 earnings per share for the quarter, topping the Zacks’ consensus estimate 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 during the quarter, compared to the consensus estimate of $232.92 million. During the same quarter in the prior year, the firm posted $0.78 EPS. The firm’s quarterly revenue was up 19.9% on a year-over-year basis. research analysts forecast that The Ultimate Software Group, Inc. will post 0.63 earnings per share for the current year.

ULTI has been the topic of a number of research reports. Roth Capital upped their price target on shares of The Ultimate Software Group from $254.00 to $280.00 and gave the company a “buy” rating in a research note on Monday, July 31st. Stifel Nicolaus reiterated a “buy” rating and issued a $235.00 price target on shares of The Ultimate Software Group in a research note on Friday, July 28th. KeyCorp set a $255.00 price target on shares of The Ultimate Software Group and gave the company a “buy” rating in a research note on Thursday, July 27th. Canaccord Genuity decreased their price target on shares of The Ultimate Software Group from $240.00 to $225.00 and set a “buy” rating on the stock in a research note on Wednesday, August 2nd. Finally, Royal Bank Of Canada reiterated a “buy” rating and issued a $216.00 price target on shares of The Ultimate Software Group in a research note on Tuesday, October 10th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and sixteen have issued a buy rating to the stock. The Ultimate Software Group has an average rating of “Buy” and an average price target of $231.58.

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.

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

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