The Ultimate Software Group, Inc. (NASDAQ:ULTI) is on recovery track with 17.05% gain from a 1-year low price of $180.29. The company added 4.99% to attain the price of $211.03 on 11/30/2017. Throughout the recent session, the prices were hovering between $200.2 and $211.95. These shares are 8.13% off its target price of $228.18 and the current market capitalization stands at $6.25B. The recent change has given its price a 8.2% lead over SMA 50 and -9.59% deficit over its 52-week high. The stock witnessed 4.17% gains, 5.04% gains and -5.74% declines for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found ULTI’s volatility during a week at 2.98% and during a month it has been found around 2.48%.The Ultimate Software Group, Inc. (ULTI) Top Holders
Institutional investors currently hold around $6.89 billion or 0% in ULTI stock. Look at its top three institutional owners. Price T Rowe Associates Inc /Md/ owns $830.83 million in The Ultimate Software Group, Inc., which represents roughly 13.29% of the company’s market cap and approximately 12.06% of the institutional ownership. Similar statistics are true for the second largest owner, Fmr Llc, which owns 3,510,512 shares of the stock are valued at $705.61 million. The third largest holder is Janus Henderson Group Plc, which currently holds $498.66 million worth of this stock and that ownership represents nearly 7.98% of its market capitalization.The Ultimate Software Group, Inc. 13F Filings
At the end of 09/30/2017 reporting period, 154 institutional holders increased their position in The Ultimate Software Group, Inc. (NASDAQ:ULTI) by some 3,223,337 shares, 152 decreased positions by 3,798,516 and 39 held positions by 27,266,745. That puts total institutional holdings at 34,288,598 shares, according to SEC filings. The stock grabbed 49 new institutional investments totaling 1,463,490 shares while 29 institutional investors sold out their entire positions totaling 736,550 shares.
Multiple company employees have indulged in significant insider trading. The Ultimate Software Group, Inc. disclosed in a document filed with the US Securities and Exchange Commission (SEC) that Director Leiter Alois T has sold 5,559 shares of The Ultimate Software Group, Inc. (ULTI) in trading session dated Nov. 10, 2017. These shares are worth $1,101,571 and were traded at $198.16 each. The SEC filing shows that Swick Gregory performed a sale of 12,106 shares. The Senior VP, Enterprise Sales disposed these shares by way of transaction on Nov. 07, 2017. The company’s shares were given away at $196.1 per share worth to an income of some $2,373,987 on account of Swick Gregory.
Chairman, President and CEO, Scherr Scott, sold 43,537 common shares of The Ultimate Software Group, Inc. (ULTI) in the open market. In a transaction dated Nov. 07, 2017, the shares were put up for sale at an average price of $196.21, raking in a sum of $8,542,395. After this sale, 362,902 common shares of ULTI are directly owned by the insider, with total stake valued at $76,583,209.
In the transaction dated Nov. 07, 2017, the great number of shares disposed came courtesy the Senior VP, Technology; Rogers Adam disposed a total of 16,487 shares at an average price of $195.95, amounting to approximately $3,230,628. The insider now directly owns 23,144 shares worth $4,884,078.The Ultimate Software Group, Inc. (ULTI) Analyst Guide
Several analysts have released their opinion on The Ultimate Software Group, Inc. (NASDAQ:ULTI), with 11 analysts believing it is a strong buy. Whereas 5 of them predict the stock is a hold. Also, there are 2 buy, 1 sell and 0 strong sell ratings, collectively assigning a 1.79 average brokerage recommendation.