Today: Today, Arizona State Retirement System decides to keep it stake in The Ultimate Software Group Inc. (ULTI) to the level of $2,623,000

Today, Arizona State Retirement System decides to keep it stake in The Ultimate Software Group Inc. (ULTI) to the level of $2,623,000

Arizona State Retirement System maintained its position in The Ultimate Software Group Inc. (NASDAQ:ULTI) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 12,835 shares of the company’s stock at the end of the third quarter. Arizona State Retirement System’s holdings in The Ultimate Software Group were worth $2,623,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of ULTI. FMR LLC increased 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 valued at $571,086,000 after buying an additional 133,926 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of 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 valued at $421,339,000 after buying an additional 58,845 shares in the last quarter. BlackRock Fund Advisors increased its stake in shares of 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 valued at $227,767,000 after buying an additional 42,096 shares in the last quarter. BlackRock Institutional Trust Company N.A. increased its stake in shares of 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 valued at $180,943,000 after buying an additional 38,217 shares in the last quarter. Finally, Alliancebernstein L.P. increased its stake in shares of The Ultimate Software Group by 23.8% in the second quarter. Alliancebernstein L.P. now owns 755,869 shares of the company’s stock valued at $158,952,000 after buying an additional 145,195 shares in the last quarter. 98.93% of the stock is currently owned by hedge funds and other institutional investors.

The Ultimate Software Group Inc. (NASDAQ:ULTI) opened at 211.30 on Friday. The Ultimate Software Group Inc. has a 52 week low of $148.26 and a 52 week high of $224.07. The company has a market cap of $6.13 billion, a PE ratio of 240.66 and a beta of 0.98. The firm’s 50-day moving average is $206.52 and its 200-day moving average is $207.49.

The Ultimate Software Group (NASDAQ:ULTI) last issued its quarterly earnings results on Tuesday, November 1st. The company reported $0.78 EPS for the quarter, topping the consensus estimate of $0.77 by $0.01. The Ultimate Software Group had a net margin of 2.42% and a return on equity of 3.26%. The firm had revenue of $197 million for the quarter, compared to analysts’ expectations of $196.94 million. During the same period in the previous year, the firm posted $0.69 EPS. The company’s revenue for the quarter was up 26.9% on a year-over-year basis. On average, analysts expect that The Ultimate Software Group Inc. will post $3.23 EPS for the current fiscal year.

Several equities research analysts have recently issued reports on the company. MKM Partners reaffirmed a “buy” rating on shares of The Ultimate Software Group in a research report on Friday, November 4th. Pacific Crest assumed coverage on The Ultimate Software Group in a research report on Monday, September 19th. They issued an “overweight” rating and a $245.00 price target on the stock. Zacks Investment Research downgraded The Ultimate Software Group from a “buy” rating to a “hold” rating in a research report on Tuesday, November 8th. 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. Finally, TheStreet downgraded The Ultimate Software Group from a “buy” rating to a “hold” rating in a research report on Monday, August 29th. Five analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $228.50.

In other news, Director Leroy Vander Putten sold 1,350 shares of the company’s stock in a transaction dated Tuesday, November 15th. The shares were sold at an average price of $199.25, for a total value of $268,987.50. Following the sale, the director now directly owns 21,668 shares of the company’s stock, valued at approximately $4,317,349. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP Gregory Swick sold 16,142 shares of the company’s stock in a transaction dated Tuesday, November 8th. The shares were sold at an average price of $209.78, for a total transaction of $3,386,268.76. Following the completion of the sale, the vice president now directly owns 62,136 shares in the company, valued at $13,034,890.08. 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.

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