Wasatch Advisors Inc Lowers stake in The Ultimate Software Group (ULTI)

The Ultimate Software Group (ULTI) : Wasatch Advisors Inc reduced its stake in The Ultimate Software Group by 4.66% during the most recent quarter end. The investment management company now holds a total of 1,046,182 shares of The Ultimate Software Group which is valued at $224,719,894 after selling 51,079 shares in The Ultimate Software Group , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.The Ultimate Software Group makes up approximately 3.28% of Wasatch Advisors Inc’s portfolio.

Other Hedge Funds, Including , Winfield Associates added ULTI to its portfolio by purchasing 5 company shares during the most recent quarter which is valued at $1,074.World Asset Management Inc boosted its stake in ULTI in the latest quarter, The investment management firm added 6 additional shares and now holds a total of 1,408 shares of The Ultimate Software Group which is valued at $296,088. The Ultimate Software Group makes up approx 0.01% of World Asset Management Inc’s portfolio.Bbva Compass Bancshares Inc reduced its stake in ULTI by selling 300 shares or 10.19% in the most recent quarter. The Hedge Fund company now holds 2,643 shares of ULTI which is valued at $552,651. The Ultimate Software Group makes up approx 0.04% of Bbva Compass Bancshares Inc’s portfolio.

The Ultimate Software Group opened for trading at $207.94 and hit $210.96 on the upside on Thursday, eventually ending the session at $210.63, with a gain of 0.81% or 1.69 points. The heightened volatility saw the trading volume jump to 1,99,759 shares. Company has a market cap of $6,095 M.

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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *