The Ultimate Software Group, Inc. (ULTI) Shares Bought by Twin Tree Management LP

Twin Tree Management LP boosted its holdings in The Ultimate Software Group, Inc. (NASDAQ:ULTI) by 533.8% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,990 shares of the technology company’s stock after purchasing an additional 1,676 shares during the quarter. Twin Tree Management LP’s holdings in The Ultimate Software Group were worth $418,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the business. Suntrust Banks Inc. increased its holdings in The Ultimate Software Group by 1.5% in the first quarter. Suntrust Banks Inc. now owns 2,627 shares of the technology company’s stock worth $512,000 after purchasing an additional 40 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings in The Ultimate Software Group by 0.9% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 4,333 shares of the technology company’s stock worth $846,000 after purchasing an additional 40 shares in the last quarter. 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 worth $241,000 after purchasing an additional 57 shares in the last quarter. 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 worth $474,000 after purchasing an additional 69 shares in the last quarter. 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 worth $446,000 after purchasing an additional 75 shares in the last quarter.

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In other news, Director James A. Fitzpatrick, Jr. sold 4,613 shares of the firm’s stock in a transaction on Thursday, August 3rd. The stock was sold at an average price of $200.39, for a total value of $924,399.07. Following the transaction, the director now directly owns 15,000 shares in the company, valued at approximately $3,005,850. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, VP Robert Manne sold 5,000 shares of the firm’s stock in a transaction on Thursday, August 3rd. The stock was sold at an average price of $200.39, for a total value of $1,001,950.00. Following the completion of the transaction, the vice president now owns 78,633 shares in the company, valued at $15,757,266.87. The disclosure for this sale can be found here. Company insiders own 4.90% of the company’s stock.

Shares of The Ultimate Software Group, Inc. (NASDAQ ULTI) opened at 185.16 on Friday. The Ultimate Software Group, Inc. has a 52 week low of $180.29 and a 52 week high of $233.42. The company has a market capitalization of $5.52 billion, a price-to-earnings ratio of 191.08 and a beta of 1.09. The firm has a 50 day moving average price of $195.31 and a 200 day moving average price of $205.65.

The Ultimate Software Group (NASDAQ:ULTI) last released its quarterly earnings results on Tuesday, August 1st. The technology company reported $0.18 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.21 by ($0.03). The firm had revenue of $224.70 million during the quarter, compared to analysts’ expectations of $228.02 million. The Ultimate Software Group had a return on equity of 7.20% and a net margin of 3.47%. The business’s quarterly revenue was up 20.4% on a year-over-year basis. During the same quarter last year, the business earned $0.76 earnings per share. Equities analysts forecast that The Ultimate Software Group, Inc. will post $3.53 EPS for the current year.

ULTI has been the subject of a number of research reports. Zacks Investment Research raised The Ultimate Software Group from a “strong sell” rating to a “hold” rating in a research note on Wednesday, June 28th. Credit Suisse Group reissued a “buy” rating on shares of The Ultimate Software Group in a research note on Monday, July 3rd. Piper Jaffray Companies reissued an “overweight” rating and issued a $250.00 price objective on shares of The Ultimate Software Group in a research note on Saturday, July 22nd. SunTrust Banks, Inc. initiated coverage on The Ultimate Software Group in a research note on Monday, June 26th. They issued a “buy” rating and a $240.00 price objective for the company. Finally, ValuEngine raised The Ultimate Software Group from a “sell” rating to a “hold” rating in a research note on Friday, September 1st. Six analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $235.67.

About The Ultimate Software Group

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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