Oregon Public Employees Retirement Fund lifted its holdings in The Ultimate Software Group, Inc. (NASDAQ:ULTI) by 2.7% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 10,955 shares of the technology company’s stock after purchasing an additional 288 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in The Ultimate Software Group were worth $2,077,000 as of its most recent filing with the SEC.

Other large investors have also added to or reduced their stakes in the company. FMR LLC lifted its holdings in shares of The Ultimate Software Group by 4.9% in 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 period. BlackRock Inc. lifted its holdings in shares of The Ultimate Software Group by 1.4% in the second quarter. BlackRock Inc. now owns 2,421,091 shares of the technology company’s stock valued at $508,574,000 after buying an additional 32,430 shares during the period. Vanguard Group Inc. lifted its holdings in shares of The Ultimate Software Group by 3.2% in the second quarter. Vanguard Group Inc. now owns 2,300,574 shares of the technology company’s stock valued at $483,258,000 after buying an additional 71,422 shares during the period. Janus Henderson Group PLC lifted its holdings in shares of The Ultimate Software Group by 819.9% in the second quarter. Janus Henderson Group PLC now owns 2,245,044 shares of the technology company’s stock valued at $471,594,000 after buying an additional 2,000,984 shares during the period. Finally, Harbour Capital Advisors LLC lifted its holdings in shares of 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 buying an additional 1,121,522 shares during the period.

In other The Ultimate Software Group news, Chairman Scott Scherr sold 43,537 shares of the company’s stock in a transaction dated Tuesday, November 7th. The stock was sold at an average price of $196.21, for a total value of $8,542,394.77. Following the transaction, the chairman now directly owns 426,427 shares of the company’s stock, valued at approximately $83,669,241.67. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Mitchell K. Dauerman sold 15,480 shares of the company’s stock in a transaction dated Tuesday, November 7th. The stock was sold at an average price of $196.00, for a total value of $3,034,080.00. Following the completion of the transaction, the chief financial officer now directly owns 122,045 shares in the company, valued at $23,920,820. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 110,700 shares of company stock worth $21,810,476. Insiders own 4.90% of the company’s stock.

Several brokerages have recently weighed in on ULTI. Bank of America Corporation began coverage on The Ultimate Software Group in a report on Monday, November 6th. They issued an “underperform” rating and a $187.00 price objective for the company. SunTrust Banks, Inc. restated a “buy” rating and issued a $225.00 price objective on shares of The Ultimate Software Group in a report on Friday, November 3rd. Robert W. Baird restated a “hold” rating and issued a $210.00 price objective on shares of The Ultimate Software Group in a report on Friday, November 3rd. Canaccord Genuity upped their price objective on The Ultimate Software Group from $225.00 to $240.00 and gave the company a “buy” rating in a report on Thursday, November 2nd. Finally, Wedbush restated an “outperform” rating and issued a $220.00 price objective (down previously from $226.00) on shares of The Ultimate Software Group in a report on Thursday, November 2nd. One analyst has rated the stock with a sell rating, seven have given a hold rating and sixteen have given a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $231.58.

The Ultimate Software Group, Inc. (ULTI) opened at $198.40 on Monday. The firm has a market capitalization of $5,927.36, a price-to-earnings ratio of 188.95, a P/E/G ratio of 15.38 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 company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.01.

The Ultimate Software Group (NASDAQ:ULTI) last posted its quarterly earnings results on Wednesday, November 1st. The technology company reported $1.05 earnings per share for the quarter, beating the consensus estimate of $0.88 by $0.17. The firm had revenue of $236.11 million for the quarter, compared to analyst estimates of $232.92 million. The Ultimate Software Group had a return on equity of 6.84% and a net margin of 3.31%. The Ultimate Software Group’s quarterly revenue was up 19.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.78 earnings per share. equities analysts predict that The Ultimate Software Group, Inc. will post 0.63 EPS for the current fiscal year.

ILLEGAL ACTIVITY NOTICE: This report was posted by Daily Political and is the sole property of of Daily Political. If you are accessing this report on another site, it was illegally stolen and republished in violation of United States and international trademark and copyright laws. The legal version of this report can be viewed at https://www.dailypolitical.com/2017/11/13/the-ultimate-software-group-inc-ulti-stake-lifted-by-oregon-public-employees-retirement-fund.html.

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.

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

Receive News & Ratings for The Ultimate Software Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Ultimate Software Group Inc. and related companies with MarketBeat.com's FREE daily email newsletter.