Tocqueville Asset Management L.P. Sells 400 Shares of The Ultimate Software Group, Inc. (ULTI)

Tocqueville Asset Management L.P. lowered its holdings in The Ultimate Software Group, Inc. (NASDAQ:ULTI) by 9.7% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,725 shares of the technology company’s stock after selling 400 shares during the period. Tocqueville Asset Management L.P.’s holdings in The Ultimate Software Group were worth $813,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of ULTI. Janus Henderson Group PLC lifted its holdings in shares of The Ultimate Software Group by 10.5% during the 3rd quarter. Janus Henderson Group PLC now owns 2,480,892 shares of the technology company’s stock worth $470,377,000 after acquiring an additional 235,848 shares during the period. BlackRock Inc. lifted its holdings in shares of The Ultimate Software Group by 0.7% during the 4th quarter. BlackRock Inc. now owns 2,379,320 shares of the technology company’s stock worth $519,239,000 after acquiring an additional 15,810 shares during the period. Wells Fargo & Company MN lifted its holdings in shares of The Ultimate Software Group by 2.7% during the 3rd quarter. Wells Fargo & Company MN now owns 1,206,051 shares of the technology company’s stock worth $228,666,000 after acquiring an additional 31,945 shares during the period. Eagle Asset Management Inc. lifted its holdings in shares of The Ultimate Software Group by 2.6% during the 4th quarter. Eagle Asset Management Inc. now owns 693,526 shares of the technology company’s stock worth $151,256,000 after acquiring an additional 17,897 shares during the period. Finally, Bamco Inc. NY lifted its holdings in shares of The Ultimate Software Group by 32.6% during the 3rd quarter. Bamco Inc. NY now owns 520,740 shares of the technology company’s stock worth $98,732,000 after acquiring an additional 128,099 shares during the period.

The Ultimate Software Group, Inc. (NASDAQ:ULTI) opened at $251.55 on Tuesday. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.18 and a quick ratio of 1.18. The Ultimate Software Group, Inc. has a 12-month low of $181.59 and a 12-month high of $257.93. The stock has a market cap of $7,762.00, a P/E ratio of 295.21, a price-to-earnings-growth ratio of 6.27 and a beta of 1.01.

The Ultimate Software Group (NASDAQ:ULTI) last announced its quarterly earnings results on Tuesday, February 6th. The technology company reported $1.11 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.87 by $0.24. The Ultimate Software Group had a net margin of 1.59% and a return on equity of 5.31%. The firm had revenue of $251.43 million during the quarter, compared to analysts’ expectations of $244.83 million. During the same period in the prior year, the company posted $0.91 EPS. The company’s revenue was up 19.4% on a year-over-year basis. equities research analysts predict that The Ultimate Software Group, Inc. will post 1.83 earnings per share for the current year.

In other The Ultimate Software Group news, Director James A. Fitzpatrick, Jr. sold 4,230 shares of the company’s stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $228.63, for a total value of $967,104.90. Following the completion of the transaction, the director now directly owns 9,145 shares in the company, valued at approximately $2,090,821.35. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP Robert Manne sold 5,000 shares of the company’s stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $228.85, for a total transaction of $1,144,250.00. Following the completion of the transaction, the vice president now owns 63,873 shares of the company’s stock, valued at $14,617,336.05. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 284,019 shares of company stock valued at $63,840,036. Corporate insiders own 4.90% of the company’s stock.

ULTI has been the subject of a number of recent analyst reports. Canaccord Genuity upped their price target on shares of The Ultimate Software Group from $240.00 to $245.00 and gave the stock a “buy” rating in a report on Wednesday, February 7th. SunTrust Banks upped their price target on shares of The Ultimate Software Group to $250.00 and gave the stock a “buy” rating in a report on Wednesday, February 7th. Zacks Investment Research raised shares of The Ultimate Software Group from a “hold” rating to a “buy” rating and set a $252.00 price target for the company in a report on Saturday, February 3rd. Guggenheim reaffirmed a “buy” rating and set a $245.00 price target on shares of The Ultimate Software Group in a report on Thursday, January 11th. Finally, Mizuho upgraded shares of The Ultimate Software Group from a “neutral” rating to a “buy” rating and set a $200.00 price objective for the company in a research report on Monday, January 8th. One analyst has rated the stock with a sell rating, five have issued a hold rating and seventeen have assigned a buy rating to the company’s stock. The Ultimate Software Group presently has an average rating of “Buy” and an average price target of $243.90.

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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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