Legal & General Group Plc Increases Position in The Ultimate Software Group, Inc. (ULTI)

Share on StockTwits

Legal & General Group Plc boosted its stake in The Ultimate Software Group, Inc. (NASDAQ:ULTI) by 5.1% in the second quarter, Holdings Channel reports. The fund owned 33,915 shares of the technology company’s stock after buying an additional 1,637 shares during the quarter. Legal & General Group Plc’s holdings in The Ultimate Software Group were worth $8,727,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Prudential Financial Inc. increased its stake in The Ultimate Software Group by 142.9% in the 1st quarter. Prudential Financial Inc. now owns 44,151 shares of the technology company’s stock worth $10,760,000 after acquiring an additional 25,974 shares during the last quarter. Swiss National Bank increased its stake in The Ultimate Software Group by 2.5% in the 1st quarter. Swiss National Bank now owns 49,426 shares of the technology company’s stock worth $12,045,000 after acquiring an additional 1,200 shares during the last quarter. Eaton Vance Management increased its stake in The Ultimate Software Group by 46.3% in the 1st quarter. Eaton Vance Management now owns 31,671 shares of the technology company’s stock worth $7,718,000 after acquiring an additional 10,016 shares during the last quarter. Schwab Charles Investment Management Inc. increased its stake in The Ultimate Software Group by 8.4% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 100,902 shares of the technology company’s stock worth $24,590,000 after acquiring an additional 7,838 shares during the last quarter. Finally, Aperio Group LLC increased its stake in The Ultimate Software Group by 5.3% in the 1st quarter. Aperio Group LLC now owns 20,884 shares of the technology company’s stock worth $5,089,000 after acquiring an additional 1,055 shares during the last quarter.

A number of equities analysts have weighed in on the company. BidaskClub lowered The Ultimate Software Group from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 31st. Roth Capital upped their target price on The Ultimate Software Group from $280.00 to $330.00 and gave the stock a “buy” rating in a research note on Wednesday, August 1st. Wells Fargo & Co set a $330.00 target price on The Ultimate Software Group and gave the stock a “buy” rating in a research note on Tuesday, July 24th. Credit Suisse Group upped their target price on The Ultimate Software Group from $280.00 to $310.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 1st. Finally, Guggenheim assumed coverage on The Ultimate Software Group in a research note on Monday, August 20th. They issued a “neutral” rating and a $300.00 target price on the stock. Two analysts have rated the stock with a sell rating, six have given a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. The Ultimate Software Group has an average rating of “Buy” and an average target price of $291.30.

In related news, Chairman Marc D. Scherr sold 10,000 shares of the stock in a transaction dated Thursday, August 2nd. The stock was sold at an average price of $279.41, for a total transaction of $2,794,100.00. Following the completion of the sale, the chairman now directly owns 202,571 shares in the company, valued at approximately $56,600,363.11. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director James A. Fitzpatrick, Jr. sold 505 shares of the stock in a transaction dated Thursday, August 2nd. The shares were sold at an average price of $276.70, for a total value of $139,733.50. The disclosure for this sale can be found here. Insiders have sold a total of 15,505 shares of company stock worth $4,329,184 over the last quarter. Corporate insiders own 3.00% of the company’s stock.

Shares of The Ultimate Software Group stock opened at $330.73 on Friday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.14 and a current ratio of 1.14. The stock has a market cap of $10.14 billion, a PE ratio of 408.31, a PEG ratio of 5.97 and a beta of 1.03. The Ultimate Software Group, Inc. has a 12 month low of $181.59 and a 12 month high of $332.35.

The Ultimate Software Group (NASDAQ:ULTI) last announced its quarterly earnings data on Tuesday, July 31st. The technology company reported $1.32 EPS for the quarter, beating the consensus estimate of $1.28 by $0.04. The firm had revenue of $271.16 million for the quarter, compared to analyst estimates of $268.84 million. The Ultimate Software Group had a return on equity of 7.74% and a net margin of 3.60%. research analysts forecast that The Ultimate Software Group, Inc. will post 2.24 EPS for the current year.

The Ultimate Software Group Profile

The Ultimate Software Group, Inc provides cloud-based human capital management solutions primarily to enterprise companies in the United States and Canada. The company's UltiPro software solution delivers the functionality businesses to manage the employee life cycle from recruitment to retirement.

Recommended Story: Fundamental Analysis and Individual Investors

Want to see what other hedge funds are holding ULTI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Ultimate Software Group, Inc. (NASDAQ:ULTI).

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

Receive News & Ratings for The Ultimate Software Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Ultimate Software Group and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Analysts Set Independence Realty Trust Inc  Price Target at $10.75
Analysts Set Independence Realty Trust Inc Price Target at $10.75
Signals Network Hits Market Capitalization of $410,113.00
Signals Network Hits Market Capitalization of $410,113.00
Zcash  Market Cap Reaches $657.61 Million
Zcash Market Cap Reaches $657.61 Million
Hilltop Holdings Inc.  Receives $25.00 Consensus PT from Analysts
Hilltop Holdings Inc. Receives $25.00 Consensus PT from Analysts
Domtar Corp  Announces Dividend Increase – $0.57 Per Share
Domtar Corp Announces Dividend Increase – $0.57 Per Share
Kosmos Energy  Lowered to “Outperform” at Raymond James
Kosmos Energy Lowered to “Outperform” at Raymond James


Leave a Reply

 
© 2006-2018 Zolmax.