The Ultimate Software Group, Inc. (ULTI) Position Held by Utah Retirement Systems

Utah Retirement Systems maintained its stake in shares of The Ultimate Software Group, Inc. (NASDAQ:ULTI) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,000 shares of the technology company’s stock at the end of the first quarter. Utah Retirement Systems’ holdings in The Ultimate Software Group were worth $976,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. FMR LLC raised its stake in shares of The Ultimate Software Group by 11.3% in the first quarter. FMR LLC now owns 3,689,071 shares of the technology company’s stock valued at $720,143,000 after buying an additional 374,243 shares in the last quarter. Wellington Management Group LLP raised its position in The Ultimate Software Group by 11.2% in the first quarter. Wellington Management Group LLP now owns 1,454,994 shares of the technology company’s stock worth $284,029,000 after buying an additional 146,312 shares in the last quarter. Janus Capital Management LLC raised its position in The Ultimate Software Group by 10.0% in the fourth quarter. Janus Capital Management LLC now owns 780,168 shares of the technology company’s stock worth $142,284,000 after buying an additional 70,727 shares in the last quarter. Eagle Asset Management Inc. raised its position in The Ultimate Software Group by 0.4% in the first quarter. Eagle Asset Management Inc. now owns 690,808 shares of the technology company’s stock worth $134,852,000 after buying an additional 2,698 shares in the last quarter. Finally, Blair William & Co. IL raised its position in The Ultimate Software Group by 10.0% in the first quarter. Blair William & Co. IL now owns 469,620 shares of the technology company’s stock worth $91,075,000 after buying an additional 42,841 shares in the last quarter. Hedge funds and other institutional investors own 99.38% of the company’s stock.

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

Shares of The Ultimate Software Group, Inc. (NASDAQ ULTI) traded up 0.07% during trading on Tuesday, reaching $216.65. 58,963 shares of the company traded hands. The firm has a market capitalization of $6.44 billion, a PE ratio of 214.50 and a beta of 1.10. The Ultimate Software Group, Inc. has a 12 month low of $180.29 and a 12 month high of $225.62. The firm has a 50-day moving average price of $213.92 and a 200-day moving average price of $199.51.

The Ultimate Software Group (NASDAQ:ULTI) last posted its quarterly earnings results on Tuesday, April 25th. The technology company reported $0.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.73 by $0.02. The business had revenue of $228.49 million during the quarter, compared to analyst estimates of $228.87 million. The Ultimate Software Group had a net margin of 3.23% and a return on equity of 6.88%. The firm’s revenue was up 22.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.73 earnings per share. Equities research analysts anticipate that The Ultimate Software Group, Inc. will post $3.99 EPS for the current year.

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A number of research firms have commented on ULTI. Wedbush dropped their price objective on shares of The Ultimate Software Group from $240.00 to $236.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 26th. BidaskClub downgraded shares of The Ultimate Software Group from a “strong-buy” rating to a “buy” rating in a report on Tuesday, June 13th. Canaccord Genuity reaffirmed a “buy” rating and issued a $240.00 target price on shares of The Ultimate Software Group in a report on Thursday, May 25th. MKM Partners reaffirmed a “buy” rating and issued a $250.00 target price on shares of The Ultimate Software Group in a report on Friday, April 14th. Finally, ValuEngine raised shares of The Ultimate Software Group from a “sell” rating to a “hold” rating in a report on Friday, June 2nd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and fifteen have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $238.54.

In related news, VP Adam Rogers sold 3,482 shares of the firm’s stock in a transaction that occurred on Thursday, April 27th. The shares were sold at an average price of $198.92, for a total transaction of $692,639.44. Following the transaction, the vice president now owns 51,477 shares of the company’s stock, valued at $10,239,804.84. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director James A. Fitzpatrick, Jr. sold 4,630 shares of the firm’s stock in a transaction that occurred on Thursday, April 27th. The shares were sold at an average price of $198.95, for a total transaction of $921,138.50. Following the transaction, the director now directly owns 15,421 shares in the company, valued at approximately $3,068,007.95. The disclosure for this sale can be found here. 5.60% of the stock is currently owned by company insiders.

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:ULTI”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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