The Ultimate Software Group, Inc. (NASDAQ:ULTI) VP Robert Manne sold 5,000 shares of the stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $228.85, for a total value of $1,144,250.00. Following the transaction, the vice president now directly owns 63,873 shares in the company, valued at $14,617,336.05. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Shares of The Ultimate Software Group, Inc. (NASDAQ ULTI) traded down $10.08 during trading on Thursday, reaching $222.09. The company had a trading volume of 585,784 shares, compared to its average volume of 274,583. The Ultimate Software Group, Inc. has a one year low of $181.59 and a one year high of $242.93. The company has a market cap of $6,620.00, a PE ratio of 482.80, a P/E/G ratio of 8.03 and a beta of 1.07. 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 (NASDAQ:ULTI) last announced its earnings results on Tuesday, February 6th. The technology company reported $1.11 EPS for the quarter, topping the Zacks’ consensus estimate of $0.87 by $0.24. The company 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 5.39% and a net margin of 1.59%. The Ultimate Software Group’s revenue for the quarter was up 19.4% compared to the same quarter last year. During the same period last year, the firm earned $0.91 EPS. equities research analysts anticipate that The Ultimate Software Group, Inc. will post 1.32 EPS for the current fiscal year.

Several equities analysts have recently weighed in on the company. Bank of America increased their price target on The Ultimate Software Group from $187.00 to $210.00 and gave the company an “underperform” rating in a report on Thursday. Stephens reissued a “hold” rating and set a $240.00 price target on shares of The Ultimate Software Group in a report on Wednesday. Robert W. Baird increased their price target on The Ultimate Software Group from $210.00 to $235.00 and gave the company a “neutral” rating in a report on Wednesday. Canaccord Genuity increased their price target on The Ultimate Software Group from $240.00 to $245.00 and gave the company a “buy” rating in a report on Wednesday. Finally, SunTrust Banks increased their price target on The Ultimate Software Group to $250.00 and gave the company a “buy” rating in a report on Wednesday. One research analyst has rated the stock with a sell rating, five have issued a hold rating and eighteen have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $244.19.

A number of large investors have recently bought and sold shares of ULTI. Zions Bancorporation bought a new stake in The Ultimate Software Group during the third quarter valued at about $182,000. Banque Pictet & Cie SA bought a new stake in The Ultimate Software Group during the third quarter valued at about $209,000. CIBC Asset Management Inc bought a new stake in The Ultimate Software Group during the fourth quarter valued at about $213,000. FineMark National Bank & Trust bought a new stake in The Ultimate Software Group during the fourth quarter valued at about $217,000. Finally, Nomura Holdings Inc. bought a new stake in The Ultimate Software Group during the second quarter valued at 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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