Robert Yanover Sells 200 Shares of The Ultimate Software Group, Inc. (ULTI) Stock

The Ultimate Software Group, Inc. (NASDAQ:ULTI) Director Robert Yanover sold 200 shares of the firm’s stock in a transaction that occurred on Wednesday, February 15th. The shares were sold at an average price of $196.58, for a total value of $39,316.00. Following the completion of the sale, the director now directly owns 36,353 shares in the company, valued at $7,146,272.74. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Shares of The Ultimate Software Group, Inc. (NASDAQ:ULTI) traded down 0.29% during midday trading on Friday, hitting $196.78. The stock had a trading volume of 78,226 shares. The stock has a 50-day moving average price of $193.64 and a 200-day moving average price of $201.68. The stock has a market cap of $5.75 billion, a P/E ratio of 198.77 and a beta of 0.97. The Ultimate Software Group, Inc. has a 12-month low of $157.04 and a 12-month high of $224.07.

The Ultimate Software Group (NASDAQ:ULTI) last announced its earnings results on Tuesday, February 7th. The company reported $0.91 EPS for the quarter, missing analysts’ consensus estimates of $0.95 by $0.04. The company had revenue of $210.50 million for the quarter, compared to analyst estimates of $210.01 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 quarterly revenue was up 23.3% compared to the same quarter last year. During the same quarter last year, the company posted $0.83 EPS. Equities analysts forecast that The Ultimate Software Group, Inc. will post $3.97 earnings per share for the current year.

Insider Buying and Selling by Quarter for The Ultimate Software Group (NASDAQ:ULTI)

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Large investors have recently made changes to their positions in the stock. Ladenburg Thalmann Financial Services Inc. boosted its stake in shares of The Ultimate Software Group by 11.7% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 859 shares of the company’s stock worth $156,000 after buying an additional 90 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of The Ultimate Software Group by 19.4% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 875 shares of the company’s stock worth $179,000 after buying an additional 142 shares in the last quarter. Bank of Hawaii acquired a new position in shares of The Ultimate Software Group during the second quarter worth $213,000. Tower Research Capital LLC TRC raised its position in shares of The Ultimate Software Group by 132.9% in the third quarter. Tower Research Capital LLC TRC now owns 1,034 shares of the company’s stock worth $211,000 after buying an additional 590 shares in the last quarter. Finally, Cigna Investments Inc. New acquired a new position in shares of The Ultimate Software Group during the fourth quarter worth $205,000. Hedge funds and other institutional investors own 99.38% of the company’s stock.

ULTI has been the topic of several research reports. William Blair restated an “outperform” rating on shares of The Ultimate Software Group in a research report on Tuesday, February 7th. Wedbush decreased their target price on The Ultimate Software Group from $248.00 to $240.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 8th. Needham & Company LLC restated a “buy” rating and issued a $250.00 target price on shares of The Ultimate Software Group in a research report on Wednesday, February 8th. MKM Partners restated a “buy” rating on shares of The Ultimate Software Group in a research report on Friday, November 4th. Finally, Zacks Investment Research downgraded The Ultimate Software Group from a “buy” rating to a “hold” rating in a research report on Tuesday, November 8th. Four analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $231.00.

About The Ultimate Software Group

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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