The Ultimate Software Group, Inc. (ULTI) Shares Sold by Sei Investments Co.

Sei Investments Co. cut its stake in shares of The Ultimate Software Group, Inc. (NASDAQ:ULTI) by 4.1% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 64,557 shares of the technology company’s stock after selling 2,759 shares during the period. Sei Investments Co. owned about 0.22% of The Ultimate Software Group worth $12,240,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Balyasny Asset Management LLC increased its holdings in The Ultimate Software Group by 0.6% in the second quarter. Balyasny Asset Management LLC now owns 1,668 shares of the technology company’s stock valued at $350,000 after purchasing an additional 10 shares during the period. M&T Bank Corp increased its holdings in The Ultimate Software Group by 1.0% in the second quarter. M&T Bank Corp now owns 5,641 shares of the technology company’s stock valued at $1,184,000 after purchasing an additional 56 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in The Ultimate Software Group by 5.2% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,147 shares of the technology company’s stock valued at $241,000 after purchasing an additional 57 shares during the period. Teacher Retirement System of Texas increased its holdings in The Ultimate Software Group by 3.2% in the second quarter. Teacher Retirement System of Texas now owns 2,258 shares of the technology company’s stock valued at $474,000 after purchasing an additional 69 shares during the period. Finally, World Asset Management Inc increased its holdings in The Ultimate Software Group by 3.7% in the second quarter. World Asset Management Inc now owns 2,122 shares of the technology company’s stock valued at $446,000 after purchasing an additional 75 shares during the period.

A number of research firms recently weighed in on ULTI. Piper Jaffray Companies restated an “overweight” rating and issued a $250.00 price objective on shares of The Ultimate Software Group in a report on Saturday, July 22nd. 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. Credit Suisse Group restated an “outperform” rating and issued a $245.00 price objective (down from $260.00) on shares of The Ultimate Software Group in a report on Wednesday, August 2nd. Zacks Investment Research downgraded The Ultimate Software Group from a “hold” rating to a “sell” rating in a report on Thursday, October 19th. Finally, Wedbush reiterated an “outperform” rating and set a $220.00 price target (down from $226.00) on shares of The Ultimate Software Group in a report on Thursday, November 2nd. One research analyst has rated the stock with a sell rating, seven have given a hold rating and sixteen have assigned a buy rating to the company. The Ultimate Software Group has an average rating of “Buy” and an average price target of $231.58.

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In related news, VP Robert Manne sold 5,000 shares of the firm’s stock in a transaction dated Friday, November 3rd. The shares were sold at an average price of $206.08, for a total value of $1,030,400.00. Following the transaction, the vice president now owns 76,484 shares of the company’s stock, valued at approximately $15,761,822.72. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Chairman Scott Scherr sold 43,537 shares of the firm’s stock in a transaction dated Tuesday, November 7th. The shares were sold at an average price of $196.21, for a total transaction of $8,542,394.77. Following the completion of the transaction, the chairman now directly owns 426,427 shares in the company, valued at approximately $83,669,241.67. The disclosure for this sale can be found here. Insiders have sold a total of 116,259 shares of company stock worth $22,912,048 in the last three months. Insiders own 4.90% of the company’s stock.

The Ultimate Software Group, Inc. (NASDAQ:ULTI) opened at $197.72 on Friday. The stock has a market cap of $5,900.00, a PE ratio of 188.92, a PEG ratio of 15.38 and a beta of 1.09. 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, Inc. has a 1 year low of $180.29 and a 1 year high of $233.42.

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

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. As of December 31, 2016, UltiPro included global people management, available in 14 languages with more than 35 country-specific localizations.

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

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