AQR Capital Management LLC reduced its position in shares of The Ultimate Software Group, Inc. (NASDAQ:ULTI) by 9.2% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,866 shares of the technology company’s stock after selling 596 shares during the period. AQR Capital Management LLC’s holdings in The Ultimate Software Group were worth $1,145,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the stock. Teachers Advisors LLC raised its stake in shares of The Ultimate Software Group by 3.0% in the fourth quarter. Teachers Advisors LLC now owns 64,816 shares of the technology company’s stock worth $11,819,000 after buying an additional 1,881 shares during the last quarter. Foundry Partners LLC raised its stake in shares of The Ultimate Software Group by 2.3% in the first quarter. Foundry Partners LLC now owns 18,727 shares of the technology company’s stock worth $3,656,000 after buying an additional 416 shares during the last quarter. Raymond James Trust N.A. purchased a new stake in shares of The Ultimate Software Group during the first quarter worth approximately $216,000. CrestPoint Capital Management LLC purchased a new stake in shares of The Ultimate Software Group during the first quarter worth approximately $293,000. Finally, Capstone Asset Management Co. raised its stake in shares of The Ultimate Software Group by 7.5% in the first quarter. Capstone Asset Management Co. now owns 3,289 shares of the technology company’s stock worth $642,000 after buying an additional 230 shares during the last quarter.

The Ultimate Software Group, Inc. (NASDAQ:ULTI) traded down 0.99% during trading on Monday, reaching $194.29. The company had a trading volume of 100,904 shares. The firm has a market capitalization of $5.78 billion, a PE ratio of 200.51 and a beta of 1.08. The Ultimate Software Group, Inc. has a 12-month low of $180.29 and a 12-month high of $233.42. The firm’s 50 day moving average price is $217.85 and its 200 day moving average price is $206.02.

The Ultimate Software Group (NASDAQ:ULTI) last posted its earnings results on Tuesday, August 1st. The technology company reported $0.18 EPS for the quarter, missing analysts’ consensus estimates of $0.21 by $0.03. The company had revenue of $224.70 million during the quarter, compared to the consensus estimate of $228.02 million. The Ultimate Software Group had a return on equity of 7.20% and a net margin of 3.47%. The company’s revenue for the quarter was up 20.4% on a year-over-year basis. During the same period last year, the firm posted $0.76 EPS. Equities research analysts forecast that The Ultimate Software Group, Inc. will post $3.53 EPS for the current year.

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A number of analysts recently commented on ULTI shares. Guggenheim started coverage on The Ultimate Software Group in a research report on Wednesday, April 12th. They issued a “buy” rating and a $230.00 target price for the company. MKM Partners reissued a “buy” rating and set a $250.00 price objective on shares of The Ultimate Software Group in a report on Friday, April 14th. Canaccord Genuity reissued a “buy” rating and set a $240.00 price objective on shares of The Ultimate Software Group in a report on Friday, April 21st. Wedbush decreased their price objective on The Ultimate Software Group from $240.00 to $236.00 and set an “outperform” rating for the company in a report on Wednesday, April 26th. Finally, Mitsubishi UFJ Financial Group reissued an “overweight” rating on shares of The Ultimate Software Group in a report on Tuesday, April 25th. Five equities research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $236.78.

In other news, VP Robert Manne sold 5,000 shares of The Ultimate Software Group stock in a transaction on Thursday, August 3rd. The shares were sold at an average price of $200.39, for a total transaction of $1,001,950.00. Following the transaction, the vice president now owns 78,633 shares in the company, valued at approximately $15,757,266.87. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director James A. Fitzpatrick, Jr. sold 4,613 shares of The Ultimate Software Group stock in a transaction on Thursday, August 3rd. The stock was sold at an average price of $200.39, for a total transaction of $924,399.07. Following the transaction, the director now owns 15,000 shares in the company, valued at approximately $3,005,850. The disclosure for this sale can be found here. Company insiders own 5.60% of the company’s stock.

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.

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

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