World Asset Management Inc boosted its position in The Ultimate Software Group, Inc. (NASDAQ:ULTI) by 3.7% during the second quarter, Holdings Channel reports. The firm owned 2,122 shares of the technology company’s stock after buying an additional 75 shares during the period. World Asset Management Inc’s holdings in The Ultimate Software Group were worth $446,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Jane Street Group LLC increased its stake in The Ultimate Software Group by 118.8% in the first quarter. Jane Street Group LLC now owns 3,089 shares of the technology company’s stock worth $603,000 after buying an additional 19,508 shares during the period. Swiss National Bank increased its stake in The Ultimate Software Group by 0.4% in the first quarter. Swiss National Bank now owns 45,426 shares of the technology company’s stock worth $8,868,000 after buying an additional 200 shares during the period. Airain ltd increased its stake in The Ultimate Software Group by 874.0% in the first quarter. Airain ltd now owns 22,168 shares of the technology company’s stock worth $4,327,000 after buying an additional 19,892 shares during the period. Vanguard Group Inc. increased its stake in The Ultimate Software Group by 5.2% in the first quarter. Vanguard Group Inc. now owns 2,229,152 shares of the technology company’s stock worth $435,153,000 after buying an additional 109,592 shares during the period. Finally, Louisiana State Employees Retirement System increased its stake in The Ultimate Software Group by 4.2% in the first quarter. Louisiana State Employees Retirement System now owns 7,500 shares of the technology company’s stock worth $1,464,000 after buying an additional 300 shares during the period.

Shares of The Ultimate Software Group, Inc. (NASDAQ ULTI) opened at 193.13 on Friday. The Ultimate Software Group, Inc. has a 52-week low of $180.29 and a 52-week high of $233.42. The stock has a market capitalization of $5.76 billion, a PE ratio of 199.31 and a beta of 1.08. The stock has a 50 day moving average price of $213.66 and a 200-day moving average price of $205.82.

The Ultimate Software Group (NASDAQ:ULTI) last issued its quarterly earnings data on Tuesday, August 1st. The technology company reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by $0.03. The firm had revenue of $224.70 million for the quarter, compared to analyst estimates of $228.02 million. The Ultimate Software Group had a return on equity of 7.20% and a net margin of 3.47%. The business’s revenue for the quarter was up 20.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.76 earnings per share. On average, equities research analysts anticipate that The Ultimate Software Group, Inc. will post $3.53 EPS for the current fiscal year.

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ULTI has been the subject of a number of research reports. Zacks Investment Research downgraded The Ultimate Software Group from a “hold” rating to a “sell” rating in a report on Tuesday, May 2nd. Credit Suisse Group reaffirmed a “buy” rating on shares of The Ultimate Software Group in a report on Monday, July 3rd. Mitsubishi UFJ Financial Group reaffirmed an “overweight” rating on shares of The Ultimate Software Group in a report on Tuesday, April 25th. Canaccord Genuity reaffirmed a “buy” rating and set a $240.00 target price on shares of The Ultimate Software Group in a report on Friday, April 21st. Finally, Guggenheim reaffirmed a “buy” rating and set a $230.00 target price on shares of The Ultimate Software Group in a report on Tuesday, April 18th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and sixteen have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $236.78.

In other The Ultimate Software Group news, Director James A. Fitzpatrick, Jr. sold 4,613 shares of the firm’s stock in a transaction on Thursday, August 3rd. The stock was sold at an average price of $200.39, for a total transaction of $924,399.07. Following the completion of the transaction, the director now owns 15,000 shares of the company’s stock, valued at $3,005,850. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Robert Manne sold 5,000 shares of the firm’s 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 transaction, 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. Insiders own 5.60% of the company’s stock.

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.

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

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