The Ultimate Software Group, Inc. (ULTI) Shares Bought by Schwab Charles Investment Management Inc.

Schwab Charles Investment Management Inc. lifted its stake in The Ultimate Software Group, Inc. (NASDAQ:ULTI) by 1.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 88,770 shares of the technology company’s stock after acquiring an additional 1,011 shares during the period. Schwab Charles Investment Management Inc. owned 0.30% of The Ultimate Software Group worth $16,831,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of the company. Westpac Banking Corp raised its holdings in shares of The Ultimate Software Group by 88.2% in the 3rd quarter. Westpac Banking Corp now owns 25,633 shares of the technology company’s stock worth $4,860,000 after purchasing an additional 12,012 shares in the last quarter. Principal Financial Group Inc. raised its holdings in shares of The Ultimate Software Group by 2.2% during the second quarter. Principal Financial Group Inc. now owns 123,812 shares of the technology company’s stock valued at $26,008,000 after acquiring an additional 2,715 shares during the period. Bank of Nova Scotia acquired a new stake in shares of The Ultimate Software Group during the second quarter valued at approximately $1,884,000. Alliancebernstein L.P. raised its holdings in shares of The Ultimate Software Group by 3.8% during the second quarter. Alliancebernstein L.P. now owns 333,477 shares of the technology company’s stock valued at $70,050,000 after acquiring an additional 12,242 shares during the period. Finally, BNP Paribas Arbitrage SA grew its position in The Ultimate Software Group by 71.4% during the second quarter. BNP Paribas Arbitrage SA now owns 11,207 shares of the technology company’s stock valued at $2,354,000 after purchasing an additional 4,668 shares in the last quarter.

Several analysts have commented on the stock. Stifel Nicolaus boosted their target price on shares of The Ultimate Software Group from $235.00 to $250.00 and gave the stock a “buy” rating in a research report on Thursday, November 2nd. Mizuho reaffirmed a “hold” rating and set a $200.00 price objective on shares of The Ultimate Software Group in a report on Thursday, December 14th. Royal Bank of Canada reaffirmed a “buy” rating and set a $216.00 price objective on shares of The Ultimate Software Group in a report on Tuesday, October 10th. Zacks Investment Research raised shares of The Ultimate Software Group from a “sell” rating to a “hold” rating in a report on Wednesday, October 11th. Finally, SunTrust Banks reaffirmed a “buy” rating and set a $225.00 price objective on shares of The Ultimate Software Group in a report on Friday, November 3rd. One investment analyst has rated the stock with a sell rating, five have given a hold rating and eighteen have issued a buy rating to the company. The Ultimate Software Group has a consensus rating of “Buy” and a consensus price target of $232.37.

Shares of The Ultimate Software Group, Inc. (NASDAQ:ULTI) traded down $0.88 during mid-day trading on Friday, hitting $226.28. 229,459 shares of the stock were exchanged, compared to its average volume of 195,532. The Ultimate Software Group, Inc. has a 52 week low of $181.59 and a 52 week high of $233.42. The firm has a market cap of $6,786.58, a PE ratio of 233.28, a price-to-earnings-growth ratio of 8.48 and a beta of 1.08. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.01.

The Ultimate Software Group (NASDAQ:ULTI) last announced its quarterly earnings data on Wednesday, November 1st. The technology company reported $1.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.88 by $0.17. The Ultimate Software Group had a net margin of 3.31% and a return on equity of 6.84%. The company had revenue of $236.11 million during the quarter, compared to analysts’ expectations of $232.92 million. During the same quarter in the prior year, the company posted $0.78 EPS. The business’s revenue was up 19.9% on a year-over-year basis. research analysts forecast that The Ultimate Software Group, Inc. will post 0.63 EPS for the current year.

In other news, Chairman Scott Scherr sold 43,537 shares of the stock in a transaction on Tuesday, November 7th. The shares were sold at an average price of $196.21, for a total value of $8,542,394.77. Following the completion of the transaction, the chairman now owns 426,427 shares in the company, valued at approximately $83,669,241.67. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CFO Mitchell K. Dauerman sold 15,480 shares of the stock in a transaction on Tuesday, November 7th. The shares were sold at an average price of $196.00, for a total transaction of $3,034,080.00. Following the completion of the transaction, the chief financial officer now owns 122,045 shares of the company’s stock, valued at approximately $23,920,820. The disclosure for this sale can be found here. In the last 90 days, insiders sold 116,259 shares of company stock valued at $22,912,048. Corporate insiders own 4.90% of the company’s stock.

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The Ultimate Software Group Profile

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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