United Services Automobile Association grew its holdings in shares of The Ultimate Software Group, Inc. (NASDAQ:ULTI) by 3.0% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 20,632 shares of the technology company’s stock after purchasing an additional 600 shares during the quarter. United Services Automobile Association’s holdings in The Ultimate Software Group were worth $5,309,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in ULTI. Summit Trail Advisors LLC increased its position in shares of The Ultimate Software Group by 23,735.4% during the 1st quarter. Summit Trail Advisors LLC now owns 115,840 shares of the technology company’s stock valued at $116,000 after purchasing an additional 115,354 shares during the last quarter. Kornitzer Capital Management Inc. KS purchased a new stake in The Ultimate Software Group in the 2nd quarter worth about $201,000. Reliance Trust Co. of Delaware purchased a new stake in The Ultimate Software Group in the 2nd quarter worth about $202,000. Alps Advisors Inc. purchased a new stake in The Ultimate Software Group in the 2nd quarter worth about $205,000. Finally, Sawtooth Solutions LLC purchased a new stake in The Ultimate Software Group in the 2nd quarter worth about $205,000.

ULTI stock opened at $293.03 on Friday. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.01. The stock has a market cap of $10.05 billion, a price-to-earnings ratio of 361.77, a P/E/G ratio of 5.91 and a beta of 1.02. The Ultimate Software Group, Inc. has a twelve month low of $190.01 and a twelve month high of $332.43.

The Ultimate Software Group (NASDAQ:ULTI) last posted its earnings results on Tuesday, July 31st. The technology company reported $1.32 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.28 by $0.04. The business had revenue of $271.16 million during the quarter, compared to analyst estimates of $268.84 million. The Ultimate Software Group had a return on equity of 7.74% and a net margin of 3.60%. Sell-side analysts expect that The Ultimate Software Group, Inc. will post 2.24 EPS for the current fiscal year.

Several equities research analysts recently weighed in on the company. ValuEngine lowered The Ultimate Software Group from a “buy” rating to a “hold” rating in a report on Tuesday, June 26th. Roth Capital lifted their price objective on The Ultimate Software Group from $280.00 to $330.00 and gave the stock a “buy” rating in a report on Wednesday, August 1st. BidaskClub lowered The Ultimate Software Group from a “strong-buy” rating to a “buy” rating in a report on Tuesday, June 26th. Evercore ISI reissued a “hold” rating and issued a $290.00 price objective on shares of The Ultimate Software Group in a report on Sunday, August 5th. Finally, Stifel Nicolaus lifted their price objective on The Ultimate Software Group from $275.00 to $340.00 and gave the stock a “buy” rating in a report on Wednesday, August 1st. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and thirteen have issued a buy rating to the company. The Ultimate Software Group has a consensus rating of “Buy” and a consensus target price of $298.29.

In other The Ultimate Software Group news, VP John C. Phenicie sold 5,000 shares of The Ultimate Software Group stock in a transaction dated Thursday, August 2nd. The stock was sold at an average price of $279.07, for a total transaction of $1,395,350.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman Marc D. Scherr sold 10,000 shares of The Ultimate Software Group stock in a transaction dated Thursday, August 2nd. The shares were sold at an average price of $279.41, for a total value of $2,794,100.00. Following the transaction, the chairman now directly owns 202,571 shares of the company’s stock, valued at approximately $56,600,363.11. The disclosure for this sale can be found here. Insiders have sold a total of 15,505 shares of company stock valued at $4,329,184 in the last ninety days. Insiders own 3.00% of the company’s stock.

The Ultimate Software Group Profile

The Ultimate Software Group, Inc provides cloud-based human capital management solutions primarily to enterprise companies in the United States and Canada. The company's UltiPro software solution delivers the functionality businesses to manage the employee life cycle from recruitment to retirement.

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

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