Prudential Financial Inc. raised its stake in The Ultimate Software Group, Inc. (NASDAQ:ULTI) by 0.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 18,638 shares of the technology company’s stock after purchasing an additional 170 shares during the period. Prudential Financial Inc. owned 0.06% of The Ultimate Software Group worth $3,915,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. FMR LLC increased its stake in The Ultimate Software Group by 11.3% in the first quarter. FMR LLC now owns 3,689,071 shares of the technology company’s stock valued at $720,143,000 after purchasing an additional 374,243 shares in the last quarter. BlackRock Inc. increased its stake in The Ultimate Software Group by 13,409.8% in the first quarter. BlackRock Inc. now owns 2,388,661 shares of the technology company’s stock valued at $466,292,000 after purchasing an additional 2,370,980 shares in the last quarter. Vanguard Group Inc. increased 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 purchasing an additional 109,592 shares in the last quarter. Wellington Management Group LLP increased its stake in The Ultimate Software Group by 11.2% in the first quarter. Wellington Management Group LLP now owns 1,454,994 shares of the technology company’s stock valued at $284,029,000 after purchasing an additional 146,312 shares in the last quarter. Finally, Harbour Capital Advisors LLC increased its stake in The Ultimate Software Group by 20,578.4% in the second quarter. Harbour Capital Advisors LLC now owns 1,126,972 shares of the technology company’s stock valued at $5,365,000 after purchasing an additional 1,121,522 shares in the last quarter.

The Ultimate Software Group, Inc. (NASDAQ ULTI) opened at 185.36 on Friday. The stock has a market capitalization of $5.53 billion, a PE ratio of 191.29 and a beta of 1.09. 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 is $195.31 and its 200 day moving average is $205.65.

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

ULTI has been the subject of several research analyst reports. Stifel Nicolaus reaffirmed a “buy” rating and issued a $235.00 price target on shares of The Ultimate Software Group in a research note on Friday, July 28th. KeyCorp set a $255.00 price target on shares of The Ultimate Software Group and gave the company a “buy” rating in a research note on Thursday, July 27th. SunTrust Banks, Inc. initiated coverage on shares of The Ultimate Software Group in a research note on Monday, June 26th. They issued a “buy” rating and a $240.00 price target for the company. Credit Suisse Group reaffirmed a “buy” rating on shares of The Ultimate Software Group in a research note on Monday, July 3rd. Finally, BidaskClub downgraded shares of The Ultimate Software Group from a “strong-buy” rating to a “buy” rating in a research note on Friday, June 30th. Six equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $235.67.

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In other news, VP Robert Manne sold 5,000 shares of The Ultimate Software Group stock in a transaction that occurred on Thursday, August 3rd. The shares were sold at an average price of $200.39, for a total value of $1,001,950.00. Following the completion of the sale, the vice president now directly owns 78,633 shares in the company, valued at $15,757,266.87. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director James A. Fitzpatrick, Jr. sold 4,613 shares of The Ultimate Software Group stock in a transaction that occurred 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 completion of the sale, the director now owns 15,000 shares of the company’s stock, valued at $3,005,850. The disclosure for this sale can be found here. 4.90% of the stock is currently owned by company insiders.

About The Ultimate Software Group

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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