Insider Change: Reasons for Rick Wilber’s Shares Unload of The Ultimate Software Group, Inc. (NASDAQ:ULTI)’s Stock

November 23, 2016 - By Peter Kolinski

Insider Change: Reasons for Rick Wilber's Shares Unload of The Ultimate Software Group, Inc. (NASDAQ:ULTI)'s Stock

Rick Wilber Insider Sell

The director of Ultimate Software Group Inc, Rick Wilber has made a surprising deal in the firm that is amounting to $1,050,345 U.S Dollars. As announced in the Washington-based Security and Exchange Commission legal form filed on 22/11/2016, Rick unloaded 5,000 shares based on an average price per share of $210.1. Rick Wilber presently owns 118,725 shares or 0.41% of the company’s total market cap.

The Ultimate Software Group, Inc. (NASDAQ:ULTI) Ratings Coverage

Out of 15 analysts covering Ultimate Software (NASDAQ:ULTI), 12 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 80% are positive. $242 is the highest target while $189 is the lowest. The $215.07 average target is 2.33% above today’s ($210.17) stock price. Ultimate Software has been the topic of 22 analyst reports since October 22, 2015 according to StockzIntelligence Inc. On Wednesday, October 28 the stock rating was maintained by Needham with “Buy”. As per Wednesday, October 28, the company rating was maintained by Northland Capital. Goldman Sachs initiated The Ultimate Software Group, Inc. (NASDAQ:ULTI) on Monday, May 23 with “Neutral” rating. Wedbush upgraded the stock to “Outperform” rating in Monday, October 31 report. Pacific Crest initiated the shares of ULTI in a report on Tuesday, September 20 with “Overweight” rating. The firm earned “Outperform” rating on Wednesday, February 3 by RBC Capital Markets. Roth Capital maintained the shares of ULTI in a report on Wednesday, October 28 with “Buy” rating. The company was maintained on Thursday, April 28 by Wedbush. The rating was reinitiated by Piper Jaffray with “Overweight” on Wednesday, June 1. The firm earned “Buy” rating on Wednesday, October 28 by TH Capital.

Insitutional Activity: The institutional sentiment increased to 1.02 in 2016 Q2. Its up 0.09, from 0.93 in 2016Q1. The ratio increased, as 21 funds sold all The Ultimate Software Group, Inc. shares owned while 114 reduced positions. 39 funds bought stakes while 86 increased positions. They now own 28.67 million shares or 2.18% less from 29.31 million shares in 2016Q1.

Teachers Retirement Systems Of The State Of Kentucky accumulated 0.02% or 6,700 shares. Gemmer Asset Mngmt holds 0% or 39 shares in its portfolio. Tudor Investment Et Al holds 0.02% of its portfolio in The Ultimate Software Group, Inc. (NASDAQ:ULTI) for 4,112 shares. Capstone Asset Mgmt holds 0.02% or 3,476 shares in its portfolio. Goldman Sachs Grp accumulated 142,960 shares or 0.01% of the stock. Robeco Institutional Asset Mngmt Bv, a Netherlands-based fund reported 9,104 shares. Voya Management last reported 232,550 shares in the company. Cap Ww Investors holds 0% or 55,700 shares in its portfolio. Great West Life Assurance Can holds 2,788 shares or 0% of its portfolio. Moreover, Art Advsrs Limited has 0.08% invested in The Ultimate Software Group, Inc. (NASDAQ:ULTI) for 7,888 shares. Henderson Gru Public Ltd Co holds 0.61% of its portfolio in The Ultimate Software Group, Inc. (NASDAQ:ULTI) for 347,989 shares. Arizona State Retirement has 12,835 shares for 0.04% of their US portfolio. Retirement Systems Of Alabama has 0.05% invested in the company for 37,253 shares. Wells Fargo & Com Mn accumulated 354,551 shares or 0.03% of the stock. Morgan Stanley reported 51,922 shares or 0% of all its holdings.

Insider Transactions: Since July 28, 2016, the stock had 0 insider buys, and 11 sales for $37.91 million net activity. 72,562 The Ultimate Software Group, Inc. (NASDAQ:ULTI) shares with value of $15.22 million were sold by SCHERR SCOTT. The insider FITZPATRICK JAMES A JR sold 883 shares worth $185,938. Manne Robert sold $1.57 million worth of stock or 7,500 shares. SCHERR MARC D sold $11.16M worth of stock or 53,212 shares. DAUERMAN MITCHELL K had sold 27,090 shares worth $5.68 million. Rogers Adam sold $1.03 million worth of stock or 4,900 shares. Another trade for 7,500 shares valued at $1.58M was sold by Phenicie John C.

The stock decreased 0.48% or $1.02 during the last trading session, hitting $210.17. About 233,816 shares traded hands. The Ultimate Software Group, Inc. (NASDAQ:ULTI) has risen 8.30% since April 20, 2016 and is uptrending. It has outperformed by 3.74% the S&P500.

The Ultimate Software Group, Inc. is a cloud well-known provider of people management solutions, referred to as human capital management (HCM). The company has a market cap of $6.14 billion. The Company’s UltiPro product suite (UltiPro) is an engaging solution that has human resources (HR), payroll and benefits management, and includes global people management, available in over 10 languages with approximately 40 country-specific localizations. It has a 236.56 P/E ratio. The solution is delivered primarily through software-as-a-service (SaaS) to organizations based in the United States and Canada, including those with global workforces.

According to Zacks Investment Research, “Ultimate Software is a leader in delivering Web-based payroll and employee management solutions to organizations of all sizes. Ultimate Software’s fully integrated, award-winning UltiPro suite enables businesses to manage human resources and payroll strategically and cost-effectively, benefiting everyone in the organization. Ultimate Software offers application hosting through IBM Global Services and a business-to-business Web portal, providing access to value-added resources via the Internet.”

More news for The Ultimate Software Group, Inc. (NASDAQ:ULTI) were recently published by: Thestreet.com, which released: “Oracle’s NetSuite Acquisition Leaves Questions for Ultimate Software Partnership” on November 07, 2016. Gurufocus.com‘s article titled: “The Ultimate Software Group Inc (ULTI) Chairman, President and CEO Scott ..” and published on November 09, 2016 is yet another important article.

ULTI Company Profile

The Ultimate Software Group, Inc. (Ultimate), incorporated on April 15, 1996, is a cloud well-known provider of people management solutions, referred to as human capital management (HCM). The Company’s UltiPro product suite (UltiPro) is an engaging solution that has human resources (HR), payroll and benefits management, and includes global people management, available in over 10 languages with approximately 40 country-specific localizations. The solution is delivered primarily through software-as-a-service (SaaS) to organizations based in the United States and Canada, including those with global workforces.

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