Kalmar Investments Inc De Lowers stake in The Ultimate Software Group (ULTI)

The Ultimate Software Group (ULTI) : Kalmar Investments Inc De reduced its stake in The Ultimate Software Group by 22.31% during the most recent quarter end. The investment management company now holds a total of 204,236 shares of The Ultimate Software Group which is valued at $41.6 Million after selling 58,640 shares in The Ultimate Software Group , the firm said in a disclosure report filed with the SEC on May 27, 2016.The Ultimate Software Group makes up approximately 1.67% of Kalmar Investments Inc De’s portfolio.

Other Hedge Funds, Including , Springbok Capital Management sold out all of its stake in ULTI during the most recent quarter. The investment firm sold 1,600 shares of ULTI which is valued $315,600. Visium Asset Management Lp added ULTI to its portfolio by purchasing 40,906 company shares during the most recent quarter which is valued at $8.1 Million. The Ultimate Software Group makes up approx 0.15% of Visium Asset Management Lp’s portfolio.Chicago Equity Partners boosted its stake in ULTI in the latest quarter, The investment management firm added 1,995 additional shares and now holds a total of 14,495 shares of The Ultimate Software Group which is valued at $2.8 Million. The Ultimate Software Group makes up approx 0.08% of Chicago Equity Partners’s portfolio.Assetmark Inc reduced its stake in ULTI by selling 2,992 shares or 99.04% in the most recent quarter. The Hedge Fund company now holds 29 shares of ULTI which is valued at $5,560.

The Ultimate Software Group opened for trading at $208.4 and hit $209.1599 on the upside on Tuesday, eventually ending the session at $208.38, with a gain of 0.11% or 0.23 points. The heightened volatility saw the trading volume jump to 1,65,748 shares. Company has a market cap of $6,017 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. Piper Jaffray Resumed The Ultimate Software Group on Jun 1, 2016 to “Overweight”, Price Target of the shares are set at $225.Goldman Initiated The Ultimate Software Group on May 23, 2016 to “Neutral”, Price Target of the shares are set at $196.Company shares were Reiterated by Wedbush on Apr 28, 2016 to “Neutral”, Firm has raised the Price Target to $ 203 from a previous price target of $194 .

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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