Schwab Charles Investment Management Inc. Raises Position in The Ultimate Software Group, Inc. (ULTI)

Schwab Charles Investment Management Inc. increased its stake in shares of The Ultimate Software Group, Inc. (NASDAQ:ULTI) by 4.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 93,064 shares of the technology company’s stock after purchasing an additional 4,294 shares during the period. Schwab Charles Investment Management Inc. owned 0.31% of The Ultimate Software Group worth $20,310,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Bank of Montreal Can raised its position in shares of The Ultimate Software Group by 28.9% during the 4th quarter. Bank of Montreal Can now owns 15,445 shares of the technology company’s stock worth $3,370,000 after purchasing an additional 3,463 shares during the last quarter. Summit Creek Advisors LLC raised its holdings in The Ultimate Software Group by 25.2% in the 4th quarter. Summit Creek Advisors LLC now owns 64,790 shares of the technology company’s stock valued at $14,139,000 after acquiring an additional 13,055 shares during the last quarter. AXA raised its holdings in The Ultimate Software Group by 16.6% in the 3rd quarter. AXA now owns 292,160 shares of the technology company’s stock valued at $55,394,000 after acquiring an additional 41,532 shares during the last quarter. GSA Capital Partners LLP acquired a new position in The Ultimate Software Group in the 3rd quarter valued at $232,000. Finally, Fieldpoint Private Securities LLC acquired a new position in The Ultimate Software Group in the 3rd quarter valued at $833,000.

Shares of The Ultimate Software Group, Inc. (NASDAQ ULTI) opened at $245.62 on Tuesday. The Ultimate Software Group, Inc. has a 12 month low of $181.59 and a 12 month high of $247.79. The stock has a market cap of $7,338.09, a price-to-earnings ratio of 511.71, a PEG ratio of 6.07 and a beta of 1.07. 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 (NASDAQ:ULTI) last announced its quarterly earnings data on Tuesday, February 6th. The technology company reported $1.11 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.87 by $0.24. The Ultimate Software Group had a net margin of 1.59% and a return on equity of 5.31%. The company had revenue of $251.43 million during the quarter, compared to analysts’ expectations of $244.83 million. During the same period in the previous year, the company earned $0.91 EPS. The business’s quarterly revenue was up 19.4% compared to the same quarter last year. sell-side analysts predict that The Ultimate Software Group, Inc. will post 1.83 earnings per share for the current fiscal year.

In related news, Director James A. Fitzpatrick, Jr. sold 4,230 shares of the company’s stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $228.63, for a total transaction of $967,104.90. Following the completion of the sale, the director now directly owns 9,145 shares of the company’s stock, valued at approximately $2,090,821.35. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP John C. Phenicie sold 7,088 shares of the company’s stock in a transaction on Monday, February 12th. The stock was sold at an average price of $226.48, for a total transaction of $1,605,290.24. Following the sale, the vice president now directly owns 32,158 shares of the company’s stock, valued at $7,283,143.84. The disclosure for this sale can be found here. Insiders have sold a total of 279,019 shares of company stock valued at $62,615,236 over the last three months. Corporate insiders own 4.90% of the company’s stock.

Several research analysts have weighed in on the company. Wedbush reiterated an “outperform” rating and issued a $234.00 price target (up from $226.00) on shares of The Ultimate Software Group in a report on Wednesday, February 7th. BidaskClub upgraded The Ultimate Software Group from a “hold” rating to a “buy” rating in a report on Friday. SunTrust Banks boosted their price target on The Ultimate Software Group to $250.00 and gave the company a “buy” rating in a report on Wednesday, February 7th. Bank of America boosted their price target on The Ultimate Software Group from $187.00 to $210.00 and gave the company an “underperform” rating in a report on Thursday, February 8th. Finally, Wells Fargo & Co reiterated an “outperform” rating and issued a $290.00 price target (up from $240.00) on shares of The Ultimate Software Group in a report on Wednesday, January 31st. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and eighteen have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $243.90.

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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.

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

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