Integrated Investment Consultants Lowers stake in The Ultimate Software Group (ULTI)

The Ultimate Software Group (ULTI) : Integrated Investment Consultants reduced its stake in The Ultimate Software Group by 2.26% during the most recent quarter end. The investment management company now holds a total of 561 shares of The Ultimate Software Group which is valued at $114,775 after selling 13 shares in The Ultimate Software Group , the firm said in a disclosure report filed with the SEC on Oct 14, 2016.The Ultimate Software Group makes up approximately 0.06% of Integrated Investment Consultants’s portfolio.

Other Hedge Funds, Including , Eagle Asset Management Inc reduced its stake in ULTI by selling 9,460 shares or 1.46% in the most recent quarter. The Hedge Fund company now holds 638,501 shares of ULTI which is valued at $129,117,672. The Ultimate Software Group makes up approx 0.89% of Eagle Asset Management Inc’s portfolio.Weaver C. Barksdale Associates reduced its stake in ULTI by selling 16 shares or 48.48% in the most recent quarter. The Hedge Fund company now holds 17 shares of ULTI which is valued at $3,438. The Ultimate Software Group makes up approx 0.01% of Weaver C. Barksdale Associates’s portfolio. Cobiz Investment Management added ULTI to its portfolio by purchasing 14,553 company shares during the most recent quarter which is valued at $3,016,109. The Ultimate Software Group makes up approx 0.73% of Cobiz Investment Management’s portfolio.Bnp Paribas Arbitrage Sa reduced its stake in ULTI by selling 8,775 shares or 76.79% in the most recent quarter. The Hedge Fund company now holds 2,653 shares of ULTI which is valued at $546,518.

The Ultimate Software Group opened for trading at $204.57 and hit $206.34 on the upside on Friday, eventually ending the session at $204.59, with a gain of 0.27% or 0.56 points. The heightened volatility saw the trading volume jump to 1,39,007 shares. Company has a market cap of $5,920 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. The Ultimate Software Group was Initiated by Pacific Crest to “Overweight” on Sep 20, 2016. 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 .

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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