The Ultimate Software Group, Inc. (ULTI) Holdings Raised by Rhumbline Advisers

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Rhumbline Advisers boosted its position in The Ultimate Software Group, Inc. (NASDAQ:ULTI) by 1.6% in the first quarter, HoldingsChannel reports. The firm owned 90,041 shares of the technology company’s stock after buying an additional 1,381 shares during the quarter. Rhumbline Advisers’ holdings in The Ultimate Software Group were worth $29,725,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of ULTI. Carroll Financial Associates Inc. grew its position in The Ultimate Software Group by 66.2% in the 1st quarter. Carroll Financial Associates Inc. now owns 108 shares of the technology company’s stock worth $35,000 after purchasing an additional 43 shares in the last quarter. Advisory Services Network LLC grew its position in The Ultimate Software Group by 72.2% in the 4th quarter. Advisory Services Network LLC now owns 155 shares of the technology company’s stock worth $38,000 after purchasing an additional 65 shares in the last quarter. Executive Wealth Management LLC bought a new stake in The Ultimate Software Group in the 4th quarter worth about $41,000. Fort L.P. bought a new stake in The Ultimate Software Group in the 4th quarter worth about $84,000. Finally, First Hawaiian Bank grew its position in The Ultimate Software Group by 25.3% in the 4th quarter. First Hawaiian Bank now owns 426 shares of the technology company’s stock worth $105,000 after purchasing an additional 86 shares in the last quarter. 91.20% of the stock is owned by institutional investors and hedge funds.

In other The Ultimate Software Group news, CFO Felicia Alvaro sold 3,929 shares of the stock in a transaction that occurred on Monday, February 11th. The shares were sold at an average price of $331.95, for a total value of $1,304,231.55. Following the sale, the chief financial officer now directly owns 42,680 shares in the company, valued at approximately $14,167,626. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Adam Rogers sold 5,495 shares of the stock in a transaction that occurred on Monday, February 11th. The stock was sold at an average price of $331.91, for a total transaction of $1,823,845.45. Following the completion of the sale, the vice president now owns 56,667 shares in the company, valued at $18,808,343.97. The disclosure for this sale can be found here. Insiders have sold a total of 146,991 shares of company stock worth $48,756,967 over the last 90 days. 3.00% of the stock is currently owned by corporate insiders.

Shares of ULTI stock opened at $331.36 on Friday. The company has a market cap of $10.50 billion, a P/E ratio of 138.64, a price-to-earnings-growth ratio of 6.51 and a beta of 1.29. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.02 and a current ratio of 1.02. The Ultimate Software Group, Inc. has a 12 month low of $219.97 and a 12 month high of $365.86.

The Ultimate Software Group (NASDAQ:ULTI) last announced its quarterly earnings results on Monday, February 4th. The technology company reported $1.95 EPS for the quarter, beating the Zacks’ consensus estimate of $0.58 by $1.37. The company had revenue of $304.80 million for the quarter, compared to analysts’ expectations of $300.60 million. The Ultimate Software Group had a net margin of 4.78% and a return on equity of 8.84%. The Ultimate Software Group’s revenue was up 21.2% compared to the same quarter last year. During the same period in the prior year, the company posted $1.11 EPS. As a group, research analysts forecast that The Ultimate Software Group, Inc. will post 2.4 EPS for the current year.

ULTI has been the subject of a number of research reports. SunTrust Banks increased their target price on shares of The Ultimate Software Group to $331.50 in a research report on Wednesday, February 6th. Deutsche Bank initiated coverage on shares of The Ultimate Software Group in a research report on Friday, January 25th. They set a “buy” rating and a $267.32 target price for the company. BidaskClub downgraded shares of The Ultimate Software Group from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, March 20th. ValuEngine downgraded shares of The Ultimate Software Group from a “strong-buy” rating to a “buy” rating in a research report on Monday, April 1st. Finally, Jefferies Financial Group downgraded shares of The Ultimate Software Group from a “buy” rating to a “hold” rating and set a $332.54 target price for the company. in a research report on Tuesday, February 5th. Two research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and six have assigned a buy rating to the company’s stock. The Ultimate Software Group currently has an average rating of “Hold” and an average price target of $317.11.

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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.

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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)

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