Large Outflow of Money Witnessed in The Ultimate Software Group

The Ultimate Software Group (ULTI): The stock had negative money flow to the tune of ($4.82 million) on Wednesday, which shows that the traders are selling the stock on the price strength. The inflow of money on upticks was $4.76 million, whereas, the outflow of money on downticks was $9.58 million and the ratio between the two was 0.5. The block trade had a negative net money flow of ($4.47 million). On the other hand, downticks amounted to $4.47 million of the traded value, which shows distribution in the stock by traders. The Ultimate Software Group (ULTI) closed with marginal gains of 129 cents to end the day at $210.62, an increase of 0.62% over the previous days close. The stock recorded 0.52% for the week.


Shares of The Ultimate Software Group, Inc. appreciated by 2.42% during the last five trading days but lost 0.7% on a 4-week basis. The Ultimate Software Group, Inc. is up 1.79% in the last 3-month period. Year-to-Date the stock performance stands at 7.66%.

The Ultimate Software Group (ULTI) : 10 brokerage houses believe that The Ultimate Software Group (ULTI) is a Strong Buy at current levels. 2 Analyst considers the fundamentals to be worthy of a Buy recommendation. 3 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on The Ultimate Software Group (ULTI). Zacks Investment Research suggests a Hold with a rank of 3.The median of all the 15 Wall Street Analysts endorse the stock as a Buy with a rating of 1.53.

The Ultimate Software Group (NASDAQ:ULTI): The stock opened at $209.97 and touched an intraday high of $210.71 on Wednesday. During the day, the stock corrected to an intraday low of $207.56, however, the bulls stepped in and pushed the price higher to close in the green at $210.48 with a gain of 0.55% for the day. The total traded volume for the day was 116,096. The stock had closed at $209.33 in the previous trading session.

The Ultimate Software Group, Inc. is a cloud provider of people management solutions, referred to as human capital management (HCM). The Companys UltiPro product suite (UltiPro) is engaging solution that has human resources (HR), payroll, and benefits management and includes global people management, available in approximately 10 languages with over 35 country-specific localizations. Its solution includes feature sets for talent acquisition and onboarding, HR management and compliance, benefits management and online enrollment, payroll, performance management, compensation management with salary planning, budgeting, and development of incentive plans, succession management, reporting and analytical decision-making and predictive tools, and time and attendance. Its customers represent a variety of industries, including manufacturing, food services, sports, technology, finance, insurance, retail, real estate, transportation, communications, healthcare and other services.

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