The Ultimate Software Group, Inc. (ULTI) VP Adam Rogers Sells 5,495 Shares

The Ultimate Software Group, Inc. (NASDAQ:ULTI) VP Adam Rogers sold 5,495 shares of the firm’s stock in a transaction that occurred on Monday, February 11th. The stock was sold at an average price of $331.91, for a total value of $1,823,845.45. Following the transaction, the vice president now owns 56,667 shares of the company’s stock, valued at approximately $18,808,343.97. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Shares of ULTI opened at $331.49 on Wednesday. The firm has a market capitalization of $10.37 billion, a price-to-earnings ratio of 138.70, a price-to-earnings-growth ratio of 6.30 and a beta of 1.25. The Ultimate Software Group, Inc. has a 52-week low of $219.97 and a 52-week high of $365.86. The company has a quick ratio of 1.04, a current ratio of 1.07 and a debt-to-equity ratio of 0.01.

The Ultimate Software Group (NASDAQ:ULTI) last released its earnings results on Monday, February 4th. The technology company reported $1.95 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.58 by $1.37. The company had revenue of $304.80 million during the quarter, compared to analysts’ expectations of $300.60 million. The Ultimate Software Group had a return on equity of 9.90% and a net margin of 5.71%. The business’s revenue for the quarter was up 21.2% on a year-over-year basis. During the same period last year, the firm earned $1.11 EPS. On average, equities research analysts forecast that The Ultimate Software Group, Inc. will post 2.48 earnings per share for the current year.

Several equities analysts recently commented on the company. Roth Capital downgraded The Ultimate Software Group from a “buy” rating to a “neutral” rating in a research report on Monday, February 4th. Deutsche Bank downgraded The Ultimate Software Group from a “buy” rating to a “hold” rating in a research report on Tuesday, February 5th. SunTrust Banks raised their target price on The Ultimate Software Group to $331.50 in a research report on Wednesday, February 6th. Zacks Investment Research upgraded The Ultimate Software Group from a “strong sell” rating to a “hold” rating in a research report on Saturday, January 5th. Finally, BidaskClub upgraded The Ultimate Software Group from a “sell” rating to a “hold” rating in a research report on Friday, November 23rd. One analyst has rated the stock with a sell rating, eleven have given a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The Ultimate Software Group currently has a consensus rating of “Hold” and an average price target of $314.60.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ULTI. FMR LLC increased its stake in shares of The Ultimate Software Group by 6.6% in the 2nd quarter. FMR LLC now owns 3,875,957 shares of the technology company’s stock valued at $997,322,000 after buying an additional 241,385 shares during the period. Bank of New York Mellon Corp increased its stake in shares of The Ultimate Software Group by 1.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 343,204 shares of the technology company’s stock valued at $88,309,000 after buying an additional 6,540 shares during the period. We Are One Seven LLC acquired a new stake in shares of The Ultimate Software Group in the 3rd quarter valued at $207,000. State of Alaska Department of Revenue increased its stake in shares of The Ultimate Software Group by 7.3% in the 3rd quarter. State of Alaska Department of Revenue now owns 3,722 shares of the technology company’s stock valued at $1,199,000 after buying an additional 252 shares during the period. Finally, Bank of Montreal Can increased its stake in shares of The Ultimate Software Group by 23.1% in the 3rd quarter. Bank of Montreal Can now owns 28,944 shares of the technology company’s stock valued at $9,325,000 after buying an additional 5,440 shares during the period. 96.74% of the stock is owned by institutional investors.

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About The Ultimate Software Group

The Ultimate Software Group, Inc provides cloud-based human capital management solutions primarily to enterprise companies in the United States and Canada. The company's UltiPro software solution delivers the functionality businesses need to manage the employee life cycle from recruitment to retirement.

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