The Ultimate Software Group, Inc. (ULTI) Shares Sold by Harbour Capital Advisors LLC

Share on StockTwits

Harbour Capital Advisors LLC trimmed its holdings in shares of The Ultimate Software Group, Inc. (NASDAQ:ULTI) by 3.0% during the first quarter, HoldingsChannel reports. The institutional investor owned 5,452 shares of the technology company’s stock after selling 166 shares during the quarter. Harbour Capital Advisors LLC’s holdings in The Ultimate Software Group were worth $1,800,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the business. Lee Capital Asset Management LLC bought a new position in shares of The Ultimate Software Group in the 4th quarter worth $3,778,000. Tygh Capital Management Inc. lifted its holdings in shares of The Ultimate Software Group by 68.9% in the 4th quarter. Tygh Capital Management Inc. now owns 52,249 shares of the technology company’s stock worth $12,794,000 after purchasing an additional 21,319 shares in the last quarter. Cowbird Capital LP bought a new position in shares of The Ultimate Software Group in the 4th quarter worth $7,197,000. MERIAN GLOBAL INVESTORS UK Ltd bought a new position in shares of The Ultimate Software Group in the 4th quarter worth $4,361,000. Finally, Oppenheimer Asset Management Inc. lifted its holdings in shares of The Ultimate Software Group by 0.7% in the 4th quarter. Oppenheimer Asset Management Inc. now owns 32,053 shares of the technology company’s stock worth $7,848,000 after purchasing an additional 230 shares in the last quarter. Hedge funds and other institutional investors own 94.63% of the company’s stock.

In other news, VP John C. Phenicie sold 5,000 shares of the firm’s stock in a transaction on Thursday, February 7th. The stock was sold at an average price of $331.97, for a total transaction of $1,659,850.00. Following the completion of the sale, the vice president now directly owns 51,677 shares of the company’s stock, valued at approximately $17,155,213.69. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, VP Adam Rogers sold 5,495 shares of the firm’s stock in a transaction on Monday, February 11th. The shares were sold at an average price of $331.91, for a total value of $1,823,845.45. Following the sale, the vice president now directly owns 56,667 shares of the company’s stock, valued at $18,808,343.97. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 152,522 shares of company stock valued at $50,593,109. Insiders own 3.00% of the company’s stock.

ULTI has been the topic of a number of recent research reports. Raymond James cut The Ultimate Software Group from an “outperform” rating to a “market perform” rating in a report on Tuesday, February 5th. SunTrust Banks increased their target price on The Ultimate Software Group to $331.50 in a report on Wednesday, February 6th. BidaskClub cut The Ultimate Software Group from a “hold” rating to a “sell” rating in a report on Wednesday, April 3rd. Zacks Investment Research cut The Ultimate Software Group from a “buy” rating to a “hold” rating in a report on Friday, April 12th. Finally, UBS Group cut The Ultimate Software Group to a “neutral” rating and increased their target price for the stock from $303.00 to $331.50 in a report on Monday, February 4th. Two equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and seven have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $314.49.

Shares of The Ultimate Software Group stock traded down $0.17 during trading hours on Wednesday, hitting $330.85. 1,010,749 shares of the company’s stock traded hands, compared to its average volume of 605,065. The Ultimate Software Group, Inc. has a 12-month low of $219.97 and a 12-month high of $365.86. The firm has a market cap of $10.47 billion, a PE ratio of 138.47, a P/E/G ratio of 6.49 and a beta of 1.33. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.07 and a quick ratio of 1.07.

The Ultimate Software Group (NASDAQ:ULTI) last announced its earnings results on Monday, February 4th. The technology company reported $1.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.58 by $1.37. The Ultimate Software Group had a return on equity of 9.90% and a net margin of 5.71%. The firm had revenue of $304.80 million during the quarter, compared to analyst estimates of $300.60 million. During the same period last year, the firm posted $1.11 EPS. The business’s revenue was up 21.2% compared to the same quarter last year. As a group, equities analysts anticipate that The Ultimate Software Group, Inc. will post 2.4 EPS for the current fiscal year.

COPYRIGHT VIOLATION NOTICE: “The Ultimate Software Group, Inc. (ULTI) Shares Sold by Harbour Capital Advisors LLC” was originally reported by Ticker Report and is the property of of Ticker Report. If you are viewing this story on another site, it was stolen and republished in violation of international copyright and trademark law. The legal version of this story can be viewed at https://www.tickerreport.com/banking-finance/4315314/the-ultimate-software-group-inc-ulti-shares-sold-by-harbour-capital-advisors-llc.html.

The Ultimate Software Group Profile

The Ultimate Software Group, Inc provides cloud-based human capital management solutions to enterprise companies, mid-market companies, and companies in the strategic market in the United States, Canada, Europe, the Asia Pacific, and internationally. Its UltiPro software solution delivers the functionality businesses need to manage the employee life cycle from recruitment to retirement.

Further Reading: Call Option Volume

Want to see what other hedge funds are holding ULTI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Ultimate Software Group, Inc. (NASDAQ:ULTI).

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

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



Latest News

Mitchells & Butlers  Receives “Hold” Rating from Liberum Capital
Mitchells & Butlers Receives “Hold” Rating from Liberum Capital
Prudential  Given New GBX 2,300 Price Target at HSBC
Prudential Given New GBX 2,300 Price Target at HSBC
JPMorgan Chase & Co. Reaffirms Underweight Rating for Marks and Spencer Group
JPMorgan Chase & Co. Reaffirms Underweight Rating for Marks and Spencer Group
Symantec  Lifted to Sell at BidaskClub
Symantec Lifted to Sell at BidaskClub
Maxim Group Reaffirms Hold Rating for Pure Storage
Maxim Group Reaffirms Hold Rating for Pure Storage
Morgan Stanley Raises Sempra Energy  Price Target to $142.00
Morgan Stanley Raises Sempra Energy Price Target to $142.00


© 2006-2019 Ticker Report