Thrivent Financial For Lutherans grew its position in shares of The Ultimate Software Group, Inc. (NASDAQ:ULTI) by 0.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 53,900 shares of the technology company’s stock after acquiring an additional 430 shares during the quarter. Thrivent Financial For Lutherans owned about 0.18% of The Ultimate Software Group worth $11,322,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Creative Planning increased its holdings in shares of The Ultimate Software Group by 257.4% during 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. Sphera Funds Management LTD. bought a new stake in shares of The Ultimate Software Group during the first quarter valued at approximately $156,000. Huntington National Bank increased its holdings in shares of The Ultimate Software Group by 24.7% during the second quarter. Huntington National Bank now owns 857 shares of the technology company’s stock valued at $180,000 after acquiring an additional 170 shares in the last quarter. Benjamin F. Edwards & Company Inc. increased its holdings in shares of The Ultimate Software Group by 23.1% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 873 shares of the technology company’s stock valued at $183,000 after acquiring an additional 164 shares in the last quarter. Finally, FineMark National Bank & Trust bought a new stake in shares of The Ultimate Software Group during the second quarter valued at approximately $200,000.

In related news, Director James A. Fitzpatrick, Jr. sold 4,613 shares of The Ultimate Software Group stock in a transaction on Thursday, August 3rd. The stock was sold at an average price of $200.39, for a total value of $924,399.07. Following the completion of the sale, the director now owns 15,000 shares of the company’s stock, valued at $3,005,850. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Robert Manne sold 5,000 shares of The Ultimate Software Group stock in a transaction on Thursday, August 3rd. The stock was sold at an average price of $200.39, for a total value of $1,001,950.00. Following the completion of the sale, the vice president now directly owns 78,633 shares of the company’s stock, valued at approximately $15,757,266.87. The disclosure for this sale can be found here. 4.90% of the stock is currently owned by company insiders.

ULTI has been the subject of several recent research reports. Credit Suisse Group restated a “buy” rating on shares of The Ultimate Software Group in a report on Monday, July 3rd. Piper Jaffray Companies restated an “overweight” rating and set a $250.00 price objective on shares of The Ultimate Software Group in a report on Saturday, July 22nd. BidaskClub downgraded The Ultimate Software Group from a “strong-buy” rating to a “buy” rating in a report on Friday, June 30th. Royal Bank Of Canada restated an “outperform” rating and set a $216.00 price objective (down previously from $233.00) on shares of The Ultimate Software Group in a report on Tuesday, August 8th. Finally, ValuEngine upgraded The Ultimate Software Group from a “sell” rating to a “hold” rating in a report on Friday, September 1st. Six research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $235.67.

ILLEGAL ACTIVITY NOTICE: “Thrivent Financial For Lutherans Purchases 430 Shares of The Ultimate Software Group, Inc. (ULTI)” was first posted by Watch List News and is the sole property of of Watch List News. If you are reading this story on another site, it was illegally stolen and reposted in violation of U.S. & international trademark and copyright laws. The legal version of this story can be read at https://www.watchlistnews.com/thrivent-financial-for-lutherans-purchases-430-shares-of-the-ultimate-software-group-inc-ulti/1580122.html.

The Ultimate Software Group, Inc. (ULTI) opened at 185.36 on Friday. The firm has a 50-day moving average price of $195.31 and a 200-day moving average price of $205.65. The Ultimate Software Group, Inc. has a 52 week low of $180.29 and a 52 week high of $233.42. The company has a market cap of $5.53 billion, a P/E ratio of 191.29 and a beta of 1.09.

The Ultimate Software Group (NASDAQ:ULTI) last posted its earnings results on Tuesday, August 1st. The technology company reported $0.18 EPS for the quarter, missing the Zacks’ consensus estimate of $0.21 by ($0.03). The business had revenue of $224.70 million during the quarter, compared to the consensus estimate of $228.02 million. The Ultimate Software Group had a return on equity of 7.20% and a net margin of 3.47%. The firm’s revenue for the quarter was up 20.4% on a year-over-year basis. During the same period in the previous year, the business posted $0.76 EPS. Equities research analysts anticipate that The Ultimate Software Group, Inc. will post $3.53 EPS for the current fiscal year.

The Ultimate Software Group 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.

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

Receive News & Ratings for The Ultimate Software Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Ultimate Software Group Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.