Schwab Charles Investment Management Inc. raised its position in The Ultimate Software Group, Inc. (NASDAQ:ULTI) by 5.6% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 87,759 shares of the technology company’s stock after acquiring an additional 4,691 shares during the period. Schwab Charles Investment Management Inc. owned about 0.30% of The Ultimate Software Group worth $18,435,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Jane Street Group LLC raised its holdings in The Ultimate Software Group by 118.8% in the 1st quarter. Jane Street Group LLC now owns 3,089 shares of the technology company’s stock valued at $603,000 after acquiring an additional 19,508 shares in the last quarter. Swiss National Bank raised its holdings in The Ultimate Software Group by 0.4% in the 1st quarter. Swiss National Bank now owns 45,426 shares of the technology company’s stock valued at $8,868,000 after acquiring an additional 200 shares in the last quarter. Vanguard Group Inc. raised its holdings in The Ultimate Software Group by 5.2% in the 1st quarter. Vanguard Group Inc. now owns 2,229,152 shares of the technology company’s stock valued at $435,153,000 after acquiring an additional 109,592 shares in the last quarter. LS Investment Advisors LLC raised its holdings in The Ultimate Software Group by 15.9% in the 2nd quarter. LS Investment Advisors LLC now owns 2,730 shares of the technology company’s stock valued at $573,000 after acquiring an additional 374 shares in the last quarter. Finally, Teachers Advisors LLC raised its holdings in The Ultimate Software Group by 2.3% in the 1st quarter. Teachers Advisors LLC now owns 66,325 shares of the technology company’s stock valued at $12,947,000 after acquiring an additional 1,509 shares in the last quarter.

Shares of The Ultimate Software Group, Inc. (ULTI) opened at 185.36 on Friday. The company’s 50-day moving average price is $195.31 and its 200-day moving average price is $205.65. The company has a market capitalization of $5.53 billion, a price-to-earnings ratio of 191.29 and a beta of 1.09. The Ultimate Software Group, Inc. has a 52-week low of $180.29 and a 52-week high of $233.42.

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

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Several research firms have commented on ULTI. KeyCorp set a $235.00 price target on The Ultimate Software Group and gave the company a “buy” rating in a report on Wednesday, August 16th. Royal Bank Of Canada lowered their price objective on The Ultimate Software Group from $233.00 to $216.00 and set an “outperform” rating on the stock in a research note on Wednesday, August 2nd. SunTrust Banks, Inc. began coverage on The Ultimate Software Group in a research note on Monday, June 26th. They issued a “buy” rating and a $240.00 price objective on the stock. BidaskClub upgraded The Ultimate Software Group from a “buy” rating to a “strong-buy” rating in a research note on Saturday, June 24th. Finally, Roth Capital upped their price objective on The Ultimate Software Group from $254.00 to $280.00 and gave the company a “buy” rating in a research note on Monday, July 31st. Six analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $235.67.

In other The Ultimate Software Group news, VP Robert Manne sold 5,000 shares of the business’s 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 sale, the vice president now owns 78,633 shares of the company’s stock, valued at $15,757,266.87. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director James A. Fitzpatrick, Jr. sold 4,613 shares of the business’s 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 sale, the director now directly owns 15,000 shares in the company, valued at approximately $3,005,850. The disclosure for this sale can be found here. 4.90% of the stock is owned by insiders.

The Ultimate Software Group 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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