Stifel Financial Corp increased its position in The Ultimate Software Group, Inc. (NASDAQ:ULTI) by 22.1% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 9,868 shares of the technology company’s stock after purchasing an additional 1,785 shares during the quarter. Stifel Financial Corp’s holdings in The Ultimate Software Group were worth $2,073,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. BlackRock Inc. raised its stake in The Ultimate Software Group by 13,409.8% during the first quarter. BlackRock Inc. now owns 2,388,661 shares of the technology company’s stock valued at $466,292,000 after buying an additional 2,370,980 shares during the last quarter. Harbour Capital Advisors LLC raised its stake in The Ultimate Software Group by 20,578.4% during 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 buying an additional 1,121,522 shares during the last quarter. FMR LLC raised its stake in The Ultimate Software Group by 4.9% during the second quarter. FMR LLC now owns 3,869,769 shares of the technology company’s stock valued at $812,884,000 after buying an additional 180,698 shares during the last quarter. Janus Capital Management LLC raised its stake in The Ultimate Software Group by 15.9% during the first quarter. Janus Capital Management LLC now owns 903,969 shares of the technology company’s stock valued at $176,458,000 after buying an additional 123,801 shares during the last quarter. Finally, Vanguard Group Inc. raised its stake in The Ultimate Software Group by 5.2% during 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 during the last quarter.

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In related news, VP Robert Manne sold 5,000 shares of the firm’s stock in a transaction on Thursday, August 3rd. The stock was sold at an average price of $200.39, for a total value of $1,001,950.00. Following the completion of 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 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 firm’s stock in a transaction on Thursday, August 3rd. The stock was sold at an average price of $200.39, for a total value of $924,399.07. Following the completion of the transaction, the director now owns 15,000 shares of the company’s stock, valued at approximately $3,005,850. The disclosure for this sale can be found here. Corporate insiders own 4.90% of the company’s stock.

Shares of The Ultimate Software Group, Inc. (NASDAQ:ULTI) opened at 197.92 on Monday. The firm has a 50 day moving average price of $191.63 and a 200-day moving average price of $205.09. The Ultimate Software Group, Inc. has a 12-month low of $180.29 and a 12-month high of $233.42. The company has a market cap of $5.90 billion, a price-to-earnings ratio of 204.25 and a beta of 1.07.

The Ultimate Software Group (NASDAQ:ULTI) last issued 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 business had revenue of $224.70 million for the quarter, compared to analysts’ expectations of $228.02 million. During the same quarter in the prior year, the company posted $0.76 EPS. The business’s revenue for the quarter was up 20.4% on a year-over-year basis. On average, equities 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 a number of recent research reports. Royal Bank Of Canada reiterated a “buy” rating and set a $216.00 price objective on shares of The Ultimate Software Group in a research note on Tuesday, October 10th. Canaccord Genuity lowered their price objective on The Ultimate Software Group from $240.00 to $225.00 and set a “buy” rating for the company in a research note on Wednesday, August 2nd. Zacks Investment Research upgraded The Ultimate Software Group from a “sell” rating to a “hold” rating in a research note on Wednesday, October 11th. Deutsche Bank AG cut The Ultimate Software Group from a “buy” rating to a “hold” rating and lowered their price objective for the company from $230.00 to $210.00 in a research note on Wednesday, August 2nd. Finally, Roth Capital lifted 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 equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $235.29.

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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