Bank of Montreal Can raised its stake in shares of The Ultimate Software Group, Inc. (NASDAQ:ULTI) by 1.3% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 11,872 shares of the technology company’s stock after buying an additional 147 shares during the period. Bank of Montreal Can’s holdings in The Ultimate Software Group were worth $2,494,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of ULTI. Jane Street Group LLC boosted its stake in The Ultimate Software Group by 118.8% in the first quarter. Jane Street Group LLC now owns 3,089 shares of the technology company’s stock valued at $603,000 after buying an additional 19,508 shares in the last quarter. Swiss National Bank boosted its stake in The Ultimate Software Group by 0.4% in the first quarter. Swiss National Bank now owns 45,426 shares of the technology company’s stock valued at $8,868,000 after buying an additional 200 shares in the last quarter. Airain ltd boosted its stake in The Ultimate Software Group by 874.0% in the first quarter. Airain ltd now owns 22,168 shares of the technology company’s stock valued at $4,327,000 after buying an additional 19,892 shares in the last quarter. Vanguard Group Inc. boosted its stake in The Ultimate Software Group by 5.2% in the first quarter. Vanguard Group Inc. now owns 2,229,152 shares of the technology company’s stock valued at $435,153,000 after buying an additional 109,592 shares in the last quarter. Finally, Louisiana State Employees Retirement System boosted its stake in The Ultimate Software Group by 4.2% in the first quarter. Louisiana State Employees Retirement System now owns 7,500 shares of the technology company’s stock valued at $1,464,000 after buying an additional 300 shares in the last quarter.

Shares of The Ultimate Software Group, Inc. (NASDAQ ULTI) traded down 1.31% during midday trading on Thursday, hitting $189.69. The stock had a trading volume of 62,924 shares. The Ultimate Software Group, Inc. has a 12-month low of $180.29 and a 12-month high of $233.42. The company’s 50-day moving average price is $215.24 and its 200-day moving average price is $205.96. The firm has a market cap of $5.64 billion, a price-to-earnings ratio of 195.76 and a beta of 1.08.

The Ultimate Software Group (NASDAQ:ULTI) last issued its quarterly earnings data on Tuesday, August 1st. The technology company reported $0.18 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.21 by $0.03. The business 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 quarter in the prior year, the company posted $0.76 earnings per share. Equities research analysts forecast that The Ultimate Software Group, Inc. will post $3.53 EPS for the current year.

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ULTI has been the subject of several research analyst reports. Zacks Investment Research downgraded The Ultimate Software Group from a “hold” rating to a “sell” rating in a research note on Tuesday, May 2nd. Credit Suisse Group reaffirmed a “buy” rating on shares of The Ultimate Software Group in a research note on Monday, July 3rd. Mitsubishi UFJ Financial Group reaffirmed an “overweight” rating on shares of The Ultimate Software Group in a research note on Tuesday, April 25th. Canaccord Genuity reaffirmed a “buy” rating and issued a $240.00 price objective on shares of The Ultimate Software Group in a research note on Friday, April 21st. Finally, Guggenheim reaffirmed a “buy” rating and issued a $230.00 price objective on shares of The Ultimate Software Group in a research note on Tuesday, April 18th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and sixteen have assigned a buy rating to the company’s stock. The Ultimate Software Group has an average rating of “Buy” and a consensus price target of $236.78.

In other The Ultimate Software Group news, Director James A. Fitzpatrick, Jr. sold 4,613 shares of the company’s stock in a transaction dated Thursday, August 3rd. The shares were sold at an average price of $200.39, for a total transaction of $924,399.07. Following the completion of the sale, the director now directly owns 15,000 shares in the company, valued at $3,005,850. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Robert Manne sold 5,000 shares of the company’s stock in a transaction dated 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 sale, the vice president now owns 78,633 shares of the company’s stock, valued at $15,757,266.87. The disclosure for this sale can be found here. 5.60% of the stock is owned by corporate 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. As of December 31, 2016, UltiPro included global people management, available in 14 languages with more than 35 country-specific localizations.

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

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