Ithaka Group LLC Sells 9,037 Shares of The Ultimate Software Group, Inc. (ULTI)

Ithaka Group LLC cut its position in shares of The Ultimate Software Group, Inc. (NASDAQ:ULTI) by 15.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 51,343 shares of the company’s stock after selling 9,037 shares during the period. The Ultimate Software Group accounts for 1.8% of Ithaka Group LLC’s portfolio, making the stock its 24th largest position. Ithaka Group LLC owned approximately 0.18% of The Ultimate Software Group worth $9,362,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of ULTI. Bank of Montreal Can bought a new stake in The Ultimate Software Group during the second quarter worth about $2,704,000. Nordea Investment Management AB bought a new stake in The Ultimate Software Group during the second quarter worth about $661,000. Bank of Hawaii bought a new stake in The Ultimate Software Group during the second quarter worth about $213,000. Alliancebernstein L.P. raised its stake in The Ultimate Software Group by 23.8% in the second quarter. Alliancebernstein L.P. now owns 755,869 shares of the company’s stock worth $158,952,000 after buying an additional 145,195 shares during the period. Finally, Baird Financial Group Inc. raised its stake in The Ultimate Software Group by 4.7% in the second quarter. Baird Financial Group Inc. now owns 205,734 shares of the company’s stock worth $43,265,000 after buying an additional 9,155 shares during the period. Institutional investors and hedge funds own 99.38% of the company’s stock.

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

The Ultimate Software Group, Inc. (NASDAQ:ULTI) traded down 0.81% during mid-day trading on Monday, reaching $194.03. The company had a trading volume of 493,613 shares. The company’s 50 day moving average is $192.72 and its 200 day moving average is $201.84. The stock has a market capitalization of $5.67 billion, a price-to-earnings ratio of 195.99 and a beta of 0.97. The Ultimate Software Group, Inc. has a 52-week low of $155.86 and a 52-week high of $224.07.

The Ultimate Software Group (NASDAQ:ULTI) last issued its earnings results on Tuesday, February 7th. The company reported $0.91 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.95 by $0.04. The Ultimate Software Group had a net margin of 2.77% and a return on equity of 4.15%. The firm earned $210.50 million during the quarter, compared to analyst estimates of $210.01 million. During the same quarter last year, the business posted $0.83 earnings per share. The company’s revenue for the quarter was up 23.3% on a year-over-year basis. Equities analysts predict that The Ultimate Software Group, Inc. will post $3.97 earnings per share for the current year.

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ULTI has been the subject of a number of analyst reports. Wedbush raised The Ultimate Software Group from a “neutral” rating to an “outperform” rating and reduced their price target for the company from $248.00 to $242.00 in a report on Monday, October 31st. Zacks Investment Research raised The Ultimate Software Group from a “hold” rating to a “strong-buy” rating and set a $242.00 price target for the company in a report on Thursday, November 3rd. MKM Partners reaffirmed a “buy” rating on shares of The Ultimate Software Group in a report on Friday, November 4th. William Blair reaffirmed an “outperform” rating on shares of The Ultimate Software Group in a report on Tuesday, February 7th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $250.00 target price on shares of The Ultimate Software Group in a report on Wednesday, February 8th. Four analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $231.00.

In other The Ultimate Software Group news, Director Rick Wilber sold 5,000 shares of the stock in a transaction dated Monday, November 21st. The shares were sold at an average price of $210.07, for a total value of $1,050,350.00. Following the transaction, the director now directly owns 119,425 shares of the company’s stock, valued at approximately $25,087,609.75. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Leroy Vander Putten sold 1,350 shares of the stock in a transaction dated Tuesday, November 15th. The shares were sold at an average price of $199.25, for a total transaction of $268,987.50. Following the completion of the transaction, the director now directly owns 21,668 shares in the company, valued at $4,317,349. The disclosure for this sale can be found here. Insiders sold a total of 56,875 shares of company stock valued at $11,113,315 over the last quarter. 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, and includes global people management, available in over 10 languages with approximately 40 country-specific localizations.

5 Day Chart for NASDAQ:ULTI

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