The Ultimate Software Group, Inc. (ULTI) Shares Bought by Cobiz Wealth LLC

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Cobiz Wealth LLC raised its position in The Ultimate Software Group, Inc. (NASDAQ:ULTI) by 1.6% in the 1st quarter, HoldingsChannel reports. The fund owned 25,490 shares of the technology company’s stock after purchasing an additional 410 shares during the period. The Ultimate Software Group accounts for 1.6% of Cobiz Wealth LLC’s holdings, making the stock its 20th biggest holding. Cobiz Wealth LLC’s holdings in The Ultimate Software Group were worth $8,415,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of ULTI. Carroll Financial Associates Inc. grew its position in shares of The Ultimate Software Group by 66.2% during the first quarter. Carroll Financial Associates Inc. now owns 108 shares of the technology company’s stock worth $35,000 after buying an additional 43 shares in the last quarter. Advisory Services Network LLC grew its position in shares of The Ultimate Software Group by 72.2% during the fourth quarter. Advisory Services Network LLC now owns 155 shares of the technology company’s stock worth $38,000 after buying an additional 65 shares in the last quarter. Executive Wealth Management LLC acquired a new stake in shares of The Ultimate Software Group during the fourth quarter worth approximately $41,000. Fort L.P. acquired a new stake in shares of The Ultimate Software Group during the fourth quarter worth approximately $84,000. Finally, First Hawaiian Bank grew its position in shares of The Ultimate Software Group by 25.3% during the fourth quarter. First Hawaiian Bank now owns 426 shares of the technology company’s stock worth $105,000 after buying an additional 86 shares in the last quarter. 94.63% of the stock is owned by institutional investors.

ULTI traded down $0.05 during trading hours on Thursday, hitting $330.35. 241,677 shares of the stock were exchanged, compared to its average volume of 607,063. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.07 and a quick ratio of 1.07. The stock has a market capitalization of $10.47 billion, a PE ratio of 138.22, a price-to-earnings-growth ratio of 6.49 and a beta of 1.33. The Ultimate Software Group, Inc. has a 12 month low of $219.97 and a 12 month high of $365.86.

The Ultimate Software Group (NASDAQ:ULTI) last posted its earnings results on Monday, February 4th. The technology company reported $1.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.58 by $1.37. The company had revenue of $304.80 million for the quarter, compared to analysts’ expectations of $300.60 million. The Ultimate Software Group had a return on equity of 9.90% and a net margin of 5.71%. The firm’s quarterly revenue was up 21.2% compared to the same quarter last year. During the same period last year, the business posted $1.11 earnings per share. As a group, research analysts anticipate that The Ultimate Software Group, Inc. will post 2.4 earnings per share for the current fiscal year.

A number of research firms have recently weighed in on ULTI. SunTrust Banks downgraded shares of The Ultimate Software Group from a “buy” rating to a “hold” rating and set a $332.93 price target for the company. in a research report on Wednesday, February 20th. BidaskClub downgraded shares of The Ultimate Software Group from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, March 20th. William Blair downgraded shares of The Ultimate Software Group from an “outperform” rating to a “market perform” rating in a research report on Thursday, March 28th. JPMorgan Chase & Co. cut The Ultimate Software Group from an “overweight” rating to a “neutral” rating in a research note on Wednesday, March 27th. Finally, Royal Bank of Canada cut The Ultimate Software Group from an “outperform” rating to a “sector perform” rating and reduced their price objective for the stock from $340.00 to $331.50 in a research note on Tuesday, March 26th. Two investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and seven have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $314.49.

In other The Ultimate Software Group news, VP Adam Rogers sold 5,495 shares of the firm’s stock in a transaction on Monday, February 11th. The stock was sold at an average price of $331.91, for a total value of $1,823,845.45. Following the sale, the vice president now directly owns 56,667 shares in the company, valued at $18,808,343.97. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Felicia Alvaro sold 3,929 shares of the firm’s stock in a transaction on Monday, February 11th. The shares were sold at an average price of $331.95, for a total value of $1,304,231.55. Following the completion of the sale, the chief financial officer now owns 42,680 shares in the company, valued at $14,167,626. The disclosure for this sale can be found here. Insiders sold 152,522 shares of company stock worth $50,593,109 over the last quarter. 3.00% of the stock is currently owned by company insiders.

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The Ultimate Software Group Profile

The Ultimate Software Group, Inc provides cloud-based human capital management solutions to enterprise companies, mid-market companies, and companies in the strategic market in the United States, Canada, Europe, the Asia Pacific, and internationally. Its UltiPro software solution delivers the functionality businesses need to manage the employee life cycle from recruitment to retirement.

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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)

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