Rothschild Capital Partners buys $7,887,639 stake in The Ultimate Software Group (ULTI)

The Ultimate Software Group (ULTI) : Rothschild Capital Partners scooped up 9,393 additional shares in The Ultimate Software Group during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 26, 2016. The investment management firm now holds a total of 35,879 shares of The Ultimate Software Group which is valued at $7,887,639.The Ultimate Software Group makes up approximately 4.04% of Rothschild Capital Partners’s portfolio.

Other Hedge Funds, Including , British Airways Pensions Investment Management Ltd sold out all of its stake in ULTI during the most recent quarter. The investment firm sold 40,000 shares of ULTI which is valued $8,793,600.Huntington National Bank reduced its stake in ULTI by selling 1,046 shares or 50.8% in the most recent quarter. The Hedge Fund company now holds 1,013 shares of ULTI which is valued at $222,698. The Ultimate Software Group makes up approx 0.01% of Huntington National Bank’s portfolio.Magee Thomson Investment Partners reduced its stake in ULTI by selling 7,550 shares or 9.77% in the most recent quarter. The Hedge Fund company now holds 69,740 shares of ULTI which is valued at $15,388,828. The Ultimate Software Group makes up approx 5.12% of Magee Thomson Investment Partners’s portfolio. Trust Co Of Vermont added ULTI to its portfolio by purchasing 20 company shares during the most recent quarter which is valued at $4,367.Weaver C. Barksdale Associates reduced its stake in ULTI by selling 14,114 shares or 99.77% in the most recent quarter. The Hedge Fund company now holds 33 shares of ULTI which is valued at $7,141. The Ultimate Software Group makes up approx 0.01% of Weaver C. Barksdale Associates’s portfolio.

The Ultimate Software Group closed down -1.57 points or -0.75% at $209.1 with 2,90,994 shares getting traded on Friday. Post opening the session at $209.63, the shares hit an intraday low of $206.185 and an intraday high of $210.52 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

On the company’s financial health, The Ultimate Software Group reported $0.73 EPS for the quarter, beating the analyst consensus estimate by $ 0.07 according to the earnings call on Apr 26, 2016. Analyst had a consensus of $0.66. The company had revenue of $187.20 million for the quarter, compared to analysts expectations of $180.10 million. The company’s revenue was up 29.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.52 EPS.

Many Wall Street Analysts have commented on The Ultimate Software Group. Company shares were Reiterated by Deutsche Bank on Jul 27, 2016 to “Buy”, Firm has raised the Price Target to $ 240 from a previous price target of $215 .Company shares were Reiterated by MKM Partners on Jul 27, 2016 to “Buy”, Firm has raised the Price Target to $ 250 from a previous price target of $230 .Company shares were Reiterated by Stifel on Jul 27, 2016 to “Buy”, Firm has raised the Price Target to $ 235 from a previous price target of $220 .

The Ultimate Software Group Inc. is a cloud provider of people management solutions referred to as human capital management (HCM). The Company’s 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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