Legal & General Group Plc Purchases 4,083 Shares of The Ultimate Software Group, Inc. (ULTI)

Legal & General Group Plc increased its position in shares of The Ultimate Software Group, Inc. (NASDAQ:ULTI) by 21.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 22,731 shares of the technology company’s stock after acquiring an additional 4,083 shares during the period. Legal & General Group Plc owned about 0.08% of The Ultimate Software Group worth $4,775,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Jane Street Group LLC raised its holdings in shares of The Ultimate Software Group by 118.8% during the first quarter. Jane Street Group LLC now owns 3,089 shares of the technology company’s stock worth $603,000 after acquiring an additional 19,508 shares in the last quarter. Swiss National Bank raised its holdings in shares of The Ultimate Software Group by 0.4% during the first quarter. Swiss National Bank now owns 45,426 shares of the technology company’s stock worth $8,868,000 after acquiring an additional 200 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of The Ultimate Software Group by 5.2% during the first quarter. Vanguard Group Inc. now owns 2,229,152 shares of the technology company’s stock worth $435,153,000 after acquiring an additional 109,592 shares in the last quarter. LS Investment Advisors LLC raised its holdings in shares of The Ultimate Software Group by 15.9% during the second quarter. LS Investment Advisors LLC now owns 2,730 shares of the technology company’s stock worth $573,000 after acquiring an additional 374 shares in the last quarter. Finally, Teachers Advisors LLC raised its holdings in shares of The Ultimate Software Group by 2.3% during the first quarter. Teachers Advisors LLC now owns 66,325 shares of the technology company’s stock worth $12,947,000 after acquiring an additional 1,509 shares in the last quarter.

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

The Ultimate Software Group, Inc. (NASDAQ:ULTI) opened at 190.92 on Monday. The company has a market capitalization of $5.69 billion, a price-to-earnings ratio of 197.03 and a beta of 1.09. The stock has a 50 day moving average price of $203.05 and a 200-day moving average price of $205.90. The Ultimate Software Group, Inc. has a 1-year low of $180.29 and a 1-year high of $233.42.

The Ultimate Software Group (NASDAQ:ULTI) last issued its 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 the consensus estimate of $228.02 million. The Ultimate Software Group had a net margin of 3.47% and a return on equity of 7.20%. The firm’s revenue for the quarter was up 20.4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.76 earnings per share. Equities analysts predict that The Ultimate Software Group, Inc. will post $3.53 earnings per share for the current year.

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ULTI has been the subject of several recent research reports. Stifel Nicolaus reiterated a “buy” rating and set a $235.00 price objective on shares of The Ultimate Software Group in a report on Friday, July 28th. KeyCorp set a $255.00 price objective on The Ultimate Software Group and gave the stock a “buy” rating in a report on Thursday, July 27th. SunTrust Banks, Inc. initiated coverage on The Ultimate Software Group in a report on Monday, June 26th. They set a “buy” rating and a $240.00 price objective for the company. Credit Suisse Group reiterated a “buy” rating on shares of The Ultimate Software Group in a report on Monday, July 3rd. Finally, BidaskClub lowered The Ultimate Software Group from a “strong-buy” rating to a “buy” rating in a report on Friday, June 30th. Six investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price 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.

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

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