Airain ltd Has $4.327 Million Stake in The Ultimate Software Group, Inc. (ULTI)

Airain ltd increased its position in The Ultimate Software Group, Inc. (NASDAQ:ULTI) by 874.0% during the first quarter, Holdings Channel reports. The firm owned 22,168 shares of the technology company’s stock after buying an additional 19,892 shares during the period. Airain ltd’s holdings in The Ultimate Software Group were worth $4,327,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of ULTI. FMR LLC boosted its stake in The Ultimate Software Group by 8.7% in the fourth quarter. FMR LLC now owns 3,314,828 shares of the technology company’s stock worth $604,459,000 after buying an additional 266,227 shares during the period. TimesSquare Capital Management LLC boosted its stake in shares of The Ultimate Software Group by 1.9% in the third quarter. TimesSquare Capital Management LLC now owns 889,190 shares of the technology company’s stock worth $181,742,000 after buying an additional 16,235 shares during the last quarter. Janus Capital Management LLC boosted its stake in shares of 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 during the last quarter. Eagle Asset Management Inc. boosted its stake in shares of 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 during the last quarter. Finally, Wells Fargo & Company MN boosted its stake in shares of The Ultimate Software Group by 17.9% in the third quarter. Wells Fargo & Company MN now owns 417,956 shares of the technology company’s stock worth $85,425,000 after buying an additional 63,405 shares during the last quarter. 99.38% of the stock is currently owned by institutional investors.

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

Shares of The Ultimate Software Group, Inc. (NASDAQ:ULTI) traded up 2.23% on Friday, reaching $213.32. 159,651 shares of the company traded hands. The stock has a 50-day moving average price of $204.88 and a 200 day moving average price of $198.14. The firm has a market capitalization of $6.34 billion, a P/E ratio of 211.21 and a beta of 0.97. The Ultimate Software Group, Inc. has a 1-year low of $180.29 and a 1-year high of $224.07.

The Ultimate Software Group (NASDAQ:ULTI) last announced its quarterly earnings results on Tuesday, April 25th. The technology company reported $0.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.73 by $0.02. The company had revenue of $228.49 million for the quarter, compared to the consensus estimate of $228.87 million. The Ultimate Software Group had a net margin of 2.77% and a return on equity of 4.15%. The Ultimate Software Group’s revenue for the quarter was up 22.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.73 EPS. Analysts anticipate that The Ultimate Software Group, Inc. will post $3.99 EPS for the current fiscal year.

ILLEGAL ACTIVITY WARNING: “Airain ltd Has $4.327 Million Stake in The Ultimate Software Group, Inc. (ULTI)” was published by Mideast Time and is the sole property of of Mideast Time. If you are reading this piece on another website, it was illegally stolen and reposted in violation of United States & international copyright and trademark law. The correct version of this piece can be viewed at https://www.mideasttime.com/airain-ltd-has-4-327-million-stake-in-the-ultimate-software-group-inc-ulti/1709190.html.

A number of equities research analysts have issued reports on the stock. Wedbush lowered their target price on shares of The Ultimate Software Group from $240.00 to $236.00 and set an “outperform” rating on the stock in a report on Wednesday, April 26th. MKM Partners reissued a “buy” rating and set a $250.00 target price on shares of The Ultimate Software Group in a report on Friday, April 14th. Guggenheim assumed coverage on shares of The Ultimate Software Group in a report on Wednesday, April 12th. They set a “buy” rating and a $230.00 target price on the stock. Credit Suisse Group AG reissued an “outperform” rating and set a $260.00 target price on shares of The Ultimate Software Group in a report on Friday, April 7th. Finally, TheStreet raised shares of The Ultimate Software Group from a “c+” rating to a “b” rating in a report on Monday, March 13th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and fourteen have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $234.93.

In other The Ultimate Software Group news, Director James A. Fitzpatrick, Jr. sold 4,630 shares of The Ultimate Software Group stock in a transaction on Thursday, April 27th. The shares were sold at an average price of $198.95, for a total value of $921,138.50. Following the sale, the director now directly owns 15,421 shares in the company, valued at approximately $3,068,007.95. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Adam Rogers sold 3,482 shares of The Ultimate Software Group stock in a transaction 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 completion of the sale, the vice president now owns 51,477 shares in the company, valued at $10,239,804.84. The disclosure for this sale can be found here. Over the last quarter, insiders sold 8,312 shares of company stock worth $1,652,668. 5.60% of the stock is currently owned by 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.

12 Month Chart for NASDAQ:ULTI

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).

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



Leave a Reply

 
© 2006-2017 Mideast Time.