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

Twin Tree Management LP raised its stake in The Ultimate Software Group, Inc. (NASDAQ:ULTI) by 204.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 2,008 shares of the technology company’s stock after purchasing an additional 3,937 shares during the quarter. Twin Tree Management LP’s holdings in The Ultimate Software Group were worth $647,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the business. Swiss National Bank grew its stake in shares of The Ultimate Software Group by 0.4% in the 3rd quarter. Swiss National Bank now owns 50,726 shares of the technology company’s stock valued at $16,343,000 after purchasing an additional 200 shares during the last quarter. Liberty Mutual Group Asset Management Inc. grew its stake in shares of The Ultimate Software Group by 3.6% in the 2nd quarter. Liberty Mutual Group Asset Management Inc. now owns 5,791 shares of the technology company’s stock valued at $1,490,000 after purchasing an additional 201 shares during the last quarter. PNC Financial Services Group Inc. grew its stake in shares of The Ultimate Software Group by 4.8% in the 2nd quarter. PNC Financial Services Group Inc. now owns 4,741 shares of the technology company’s stock valued at $1,219,000 after purchasing an additional 217 shares during the last quarter. Macquarie Group Ltd. grew its stake in shares of The Ultimate Software Group by 3.1% in the 2nd quarter. Macquarie Group Ltd. now owns 8,416 shares of the technology company’s stock valued at $2,165,000 after purchasing an additional 251 shares during the last quarter. Finally, State of Alaska Department of Revenue grew its stake in shares of The Ultimate Software Group by 7.3% in the 3rd quarter. State of Alaska Department of Revenue now owns 3,722 shares of the technology company’s stock valued at $1,199,000 after purchasing an additional 252 shares during the last quarter. Institutional investors own 98.63% of the company’s stock.

ULTI opened at $244.21 on Thursday. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.01. The firm has a market cap of $7.52 billion, a price-to-earnings ratio of 301.49, a PEG ratio of 5.36 and a beta of 1.19. The Ultimate Software Group, Inc. has a one year low of $194.80 and a one year high of $332.43.

The Ultimate Software Group (NASDAQ:ULTI) last posted its earnings results on Tuesday, October 30th. The technology company reported $1.33 EPS for the quarter, topping the Zacks’ consensus estimate of $1.32 by $0.01. The company had revenue of $287.83 million for the quarter, compared to the consensus estimate of $287.22 million. The Ultimate Software Group had a return on equity of 8.17% and a net margin of 4.57%. The Ultimate Software Group’s quarterly revenue was up 21.9% compared to the same quarter last year. During the same period in the previous year, the business earned $1.05 earnings per share. On average, equities analysts anticipate that The Ultimate Software Group, Inc. will post 2.11 earnings per share for the current year.

Several brokerages have weighed in on ULTI. BidaskClub downgraded The Ultimate Software Group from a “hold” rating to a “sell” rating in a research note on Wednesday, November 7th. Jefferies Financial Group lowered their target price on The Ultimate Software Group to $330.00 and set a “buy” rating on the stock in a research note on Wednesday, October 31st. Bank of America lifted their target price on The Ultimate Software Group from $258.00 to $266.00 and gave the company an “underperform” rating in a research note on Wednesday, September 26th. Needham & Company LLC lifted their price target on The Ultimate Software Group to $370.00 and gave the company a “buy” rating in a research note on Monday, September 17th. Finally, Piper Jaffray Companies restated an “overweight” rating and issued a $360.00 price target on shares of The Ultimate Software Group in a research note on Monday, August 27th. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and thirteen have assigned a buy rating to the stock. The Ultimate Software Group currently has an average rating of “Hold” and an average target price of $296.38.

In other The Ultimate Software Group news, Director James A. Fitzpatrick, Jr. sold 494 shares of the business’s stock in a transaction on Friday, November 2nd. The stock was sold at an average price of $267.20, for a total transaction of $131,996.80. Following the sale, the director now directly owns 9,969 shares in the company, valued at $2,663,716.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Gregory Swick sold 4,252 shares of the business’s stock in a transaction on Tuesday, November 6th. The stock was sold at an average price of $257.00, for a total value of $1,092,764.00. Following the sale, the vice president now owns 25,460 shares in the company, valued at $6,543,220. The disclosure for this sale can be found here. 3.00% of the stock is currently owned by insiders.

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The Ultimate Software Group Company 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.

See Also: Depreciation

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

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