State of Wisconsin Investment Board decreased its position in shares of The Ultimate Software Group Inc. (NASDAQ:ULTI) by 1.7% during the third quarter, Holdings Channel reports. The institutional investor owned 17,610 shares of the company’s stock after selling 300 shares during the period. State of Wisconsin Investment Board’s holdings in The Ultimate Software Group were worth $3,599,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in ULTI. Wells Fargo & Company MN increased its stake in shares of The Ultimate Software Group by 17.9% in the third quarter. Wells Fargo & Company MN now owns 417,956 shares of the company’s stock worth $85,425,000 after buying an additional 63,405 shares in the last quarter. Peregrine Capital Management LLC acquired a new stake in shares of The Ultimate Software Group during the third quarter worth $31,517,000. Sumitomo Mitsui Asset Management Company LTD increased its stake in shares of The Ultimate Software Group by 15.9% in the third quarter. Sumitomo Mitsui Asset Management Company LTD now owns 14,600 shares of the company’s stock worth $2,984,000 after buying an additional 2,000 shares in the last quarter. World Asset Management Inc increased its stake in shares of The Ultimate Software Group by 32.9% in the third quarter. World Asset Management Inc now owns 1,871 shares of the company’s stock worth $382,000 after buying an additional 463 shares in the last quarter. Finally, Shell Asset Management Co. acquired a new stake in shares of The Ultimate Software Group during the third quarter worth $1,098,000. 99.24% of the stock is owned by institutional investors and hedge funds.

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

The Ultimate Software Group Inc. (NASDAQ:ULTI) traded down 0.90% during midday trading on Tuesday, hitting $208.51. 336,711 shares of the stock were exchanged. The company has a 50 day moving average price of $206.71 and a 200 day moving average price of $207.81. The Ultimate Software Group Inc. has a one year low of $148.26 and a one year high of $224.07.

The Ultimate Software Group (NASDAQ:ULTI) last released its quarterly earnings results on Tuesday, November 1st. The company reported $0.78 earnings per share for the quarter, beating the consensus estimate of $0.77 by $0.01. The business earned $197 million during the quarter, compared to analysts’ expectations of $196.94 million. The Ultimate Software Group had a return on equity of 3.26% and a net margin of 2.42%. The firm’s revenue for the quarter was up 26.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.69 EPS. On average, equities research analysts predict that The Ultimate Software Group Inc. will post $3.23 EPS for the current fiscal year.

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Several research analysts have commented on ULTI shares. Zacks Investment Research cut shares of The Ultimate Software Group from a “buy” rating to a “hold” rating in a research report on Tuesday, November 8th. MKM Partners restated a “buy” rating on shares of The Ultimate Software Group in a research report on Friday, November 4th. TheStreet cut shares of The Ultimate Software Group from a “buy” rating to a “hold” rating in a research report on Monday, August 29th. Wedbush upgraded shares of The Ultimate Software Group from a “neutral” rating to an “outperform” rating and decreased their target price for the stock from $248.00 to $242.00 in a research report on Monday, October 31st. Finally, Pacific Crest started coverage on shares of The Ultimate Software Group in a research report on Monday, September 19th. They issued an “overweight” rating and a $245.00 target price for the company. Five analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $228.50.

In other news, CFO Mitchell K. Dauerman sold 27,090 shares of the firm’s stock in a transaction that occurred on Tuesday, November 8th. The stock was sold at an average price of $209.61, for a total value of $5,678,334.90. Following the completion of the sale, the chief financial officer now directly owns 133,890 shares of the company’s stock, valued at approximately $28,064,682.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Rick Wilber sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, November 21st. The shares were sold at an average price of $210.07, for a total value of $1,050,350.00. Following the completion of the sale, the director now directly owns 119,425 shares of the company’s stock, valued at $25,087,609.75. The disclosure for this sale can be found here. Company insiders own 5.60% of the company’s stock.

The Ultimate Software Group Company 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, and includes global people management, available in over 10 languages with approximately 40 country-specific localizations.

5 Day Chart for NASDAQ:ULTI

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