Cohen Klingenstein LLC maintained its position in The Ultimate Software Group Inc. (NASDAQ:ULTI) during the third quarter, Holdings Channel reports. The firm owned 11,245 shares of the company’s stock at the end of the third quarter. Cohen Klingenstein LLC’s holdings in The Ultimate Software Group were worth $2,298,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. FMR LLC boosted its position in The Ultimate Software Group by 5.2% in the second quarter. FMR LLC now owns 2,715,707 shares of the company’s stock worth $571,086,000 after buying an additional 133,926 shares during the last quarter. Vanguard Group Inc. boosted its position in The Ultimate Software Group by 3.0% in the second quarter. Vanguard Group Inc. now owns 2,003,616 shares of the company’s stock worth $421,339,000 after buying an additional 58,845 shares during the last quarter. BlackRock Fund Advisors boosted its position in The Ultimate Software Group by 4.0% in the second quarter. BlackRock Fund Advisors now owns 1,083,107 shares of the company’s stock worth $227,767,000 after buying an additional 42,096 shares during the last quarter. BlackRock Institutional Trust Company N.A. boosted its position in The Ultimate Software Group by 4.6% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 860,447 shares of the company’s stock worth $180,943,000 after buying an additional 38,217 shares during the last quarter. Finally, Alliancebernstein L.P. boosted its position in The Ultimate Software Group by 23.8% in the second quarter. Alliancebernstein L.P. now owns 755,869 shares of the company’s stock worth $158,952,000 after buying an additional 145,195 shares during the last quarter. Institutional investors and hedge funds own 99.24% of the company’s stock.

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

Shares of The Ultimate Software Group Inc. (NASDAQ:ULTI) traded down 1.72% during mid-day trading on Wednesday, reaching $204.93. The company’s stock had a trading volume of 307,352 shares. The Ultimate Software Group Inc. has a one year low of $148.26 and a one year high of $224.07. The firm has a market cap of $5.94 billion, a PE ratio of 233.41 and a beta of 0.98. The firm’s 50 day moving average is $206.71 and its 200 day moving average is $207.81.

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

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A number of research firms have recently weighed in on ULTI. Zacks Investment Research lowered The Ultimate Software Group from a “buy” rating to a “hold” rating in a research note on Tuesday, November 8th. MKM Partners reaffirmed a “buy” rating on shares of The Ultimate Software Group in a research report on Friday, November 4th. Wedbush raised The Ultimate Software Group from a “neutral” rating to an “outperform” rating and lowered their price target for the company from $248.00 to $242.00 in a research report on Monday, October 31st. Pacific Crest set a $245.00 price target on The Ultimate Software Group and gave the company a “buy” rating in a research report on Tuesday, October 11th. Finally, TheStreet lowered The Ultimate Software Group from a “buy” rating to a “hold” rating in a research report on Monday, August 29th. Five research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $228.50.

In other news, VP Robert Manne sold 7,500 shares of The Ultimate Software Group stock in a transaction that occurred on Thursday, November 3rd. The shares were sold at an average price of $210.00, for a total transaction of $1,575,000.00. Following the completion of the sale, the vice president now owns 88,908 shares of the company’s stock, valued at $18,670,680. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director James A. Fitzpatrick, Jr. sold 883 shares of The Ultimate Software Group stock in a transaction that occurred on Thursday, November 3rd. The shares were sold at an average price of $210.58, for a total transaction of $185,942.14. Following the sale, the director now directly owns 11,581 shares of the company’s stock, valued at approximately $2,438,726.98. The disclosure for this sale can be found here. 5.60% of the stock is currently owned by company insiders.

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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