Shares of The Ultimate Software Group Inc. (NASDAQ:ULTI) reached a new 52-week high during trading on Friday . The company traded as high as $217.32 and last traded at $216.71, with a volume of 80,308 shares changing hands. The stock had previously closed at $214.45.

A number of research firms have commented on ULTI. Roth Capital reaffirmed a “buy” rating on shares of The Ultimate Software Group in a research note on Saturday, April 23rd. Oppenheimer Holdings Inc. reaffirmed a “hold” rating on shares of The Ultimate Software Group in a research note on Wednesday, April 27th. Canaccord Genuity reaffirmed a “buy” rating on shares of The Ultimate Software Group in a research note on Tuesday, April 26th. Zacks Investment Research lowered shares of The Ultimate Software Group from a “hold” rating to a “sell” rating in a research note on Wednesday, April 6th. Finally, Wedbush reaffirmed a “neutral” rating and set a $203.00 price objective (up from $194.00) on shares of The Ultimate Software Group in a research note on Wednesday, April 27th. Six equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $215.45.

The company has a market capitalization of $6.23 billion and a PE ratio of 308.73. The stock has a 50 day moving average price of $205.96 and a 200 day moving average price of $187.96.

The Ultimate Software Group (NASDAQ:ULTI) last released its quarterly earnings data on Tuesday, April 26th. The company reported $0.73 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.66 by $0.07. During the same quarter last year, the firm earned $0.52 EPS. The business had revenue of $187 million for the quarter, compared to the consensus estimate of $180.16 million. The company’s revenue for the quarter was up 29.2% on a year-over-year basis. Equities analysts forecast that The Ultimate Software Group Inc. will post $3.30 EPS for the current fiscal year.

In other news, Director James A. Fitzpatrick, Jr. sold 931 shares of The Ultimate Software Group stock in a transaction dated Thursday, April 28th. The stock was sold at an average price of $199.38, for a total transaction of $185,622.78. Following the transaction, the director now owns 12,403 shares in the company, valued at approximately $2,472,910.14. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

A number of large investors have recently made changes to their positions in the stock. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in shares of The Ultimate Software Group by 0.7% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 8,308 shares of the company’s stock worth $1,624,000 after buying an additional 55 shares in the last quarter. Comerica Bank raised its stake in shares of The Ultimate Software Group by 0.4% in the fourth quarter. Comerica Bank now owns 19,980 shares of the company’s stock worth $3,558,000 after buying an additional 84 shares in the last quarter. Quantitative Investment Management LLC raised its stake in shares of The Ultimate Software Group by 1.7% in the fourth quarter. Quantitative Investment Management LLC now owns 5,900 shares of the company’s stock worth $1,153,000 after buying an additional 100 shares in the last quarter. Mutual of America Capital Management LLC raised its stake in shares of The Ultimate Software Group by 1.7% in the fourth quarter. Mutual of America Capital Management LLC now owns 19,502 shares of the company’s stock worth $3,813,000 after buying an additional 331 shares in the last quarter. Finally, Retirement Systems of Alabama raised its stake in shares of The Ultimate Software Group by 1.6% in the fourth quarter. Retirement Systems of Alabama now owns 36,821 shares of the company’s stock worth $7,199,000 after buying an additional 567 shares in the last quarter.

The Ultimate Software Group, Inc is a cloud provider of people management solutions, referred to as human capital management (HCM). The Company’s UltiPro product suite (UltiPro) is engaging solution that has human resources (HR), payroll, and benefits management and includes global people management, available in approximately 10 languages with over 35 country-specific localizations.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.