Metropolitan Life Insurance Co. NY Has $2.58 Million Holdings in The Ultimate Software Group, Inc. (ULTI)

Metropolitan Life Insurance Co. NY grew its position in shares of The Ultimate Software Group, Inc. (NASDAQ:ULTI) by 0.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,522 shares of the technology company’s stock after purchasing an additional 32 shares during the period. Metropolitan Life Insurance Co. NY’s holdings in The Ultimate Software Group were worth $2,577,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in ULTI. BlackRock Inc. increased its holdings in The Ultimate Software Group by 7.2% in the third quarter. BlackRock Inc. now owns 2,785,246 shares of the technology company’s stock valued at $897,379,000 after buying an additional 186,650 shares during the last quarter. Rehmann Capital Advisory Group increased its holdings in The Ultimate Software Group by 32,899.0% in the third quarter. Rehmann Capital Advisory Group now owns 136,286 shares of the technology company’s stock valued at $423,000 after buying an additional 135,873 shares during the last quarter. Westfield Capital Management Co. LP increased its holdings in The Ultimate Software Group by 80.7% in the fourth quarter. Westfield Capital Management Co. LP now owns 303,800 shares of the technology company’s stock valued at $74,392,000 after buying an additional 135,633 shares during the last quarter. Vanguard Group Inc increased its holdings in The Ultimate Software Group by 4.4% in the third quarter. Vanguard Group Inc now owns 2,666,371 shares of the technology company’s stock valued at $859,078,000 after buying an additional 112,463 shares during the last quarter. Finally, Morgan Stanley grew its holdings in shares of The Ultimate Software Group by 189.6% during the third quarter. Morgan Stanley now owns 156,289 shares of the technology company’s stock worth $50,356,000 after purchasing an additional 102,320 shares during the last quarter. Institutional investors own 94.69% of the company’s stock.

Several brokerages have issued reports on ULTI. SunTrust Banks lowered The Ultimate Software Group from a “buy” rating to a “hold” rating and set a $332.93 price objective on the stock. in a report on Wednesday, February 20th. BidaskClub lowered The Ultimate Software Group from a “strong-buy” rating to a “buy” rating in a report on Wednesday, March 20th. William Blair lowered The Ultimate Software Group from an “outperform” rating to a “market perform” rating in a report on Thursday, March 28th. JPMorgan Chase & Co. downgraded shares of The Ultimate Software Group from an “overweight” rating to a “neutral” rating in a research note on Wednesday, March 27th. Finally, Royal Bank of Canada downgraded shares of The Ultimate Software Group from an “outperform” rating to a “sector perform” rating and decreased their target price for the stock from $340.00 to $331.50 in a research note on Tuesday, March 26th. Two equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and seven have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $314.49.

In other The Ultimate Software Group news, CFO Felicia Alvaro sold 3,929 shares of The Ultimate Software Group stock in a transaction that occurred on Monday, February 11th. The shares were sold at an average price of $331.95, for a total value of $1,304,231.55. Following the completion of the sale, the chief financial officer now directly owns 42,680 shares of the company’s stock, valued at approximately $14,167,626. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Scott Scherr sold 70,809 shares of The Ultimate Software Group stock in a transaction that occurred on Monday, February 11th. The stock was sold at an average price of $331.68, for a total transaction of $23,485,929.12. Following the completion of the sale, the chief executive officer now directly owns 251,777 shares of the company’s stock, valued at $83,509,395.36. The disclosure for this sale can be found here. Insiders sold a total of 152,522 shares of company stock valued at $50,593,109 over the last ninety days. 3.00% of the stock is owned by corporate insiders.

Shares of ULTI traded up $0.05 during mid-day trading on Monday, reaching $330.35. 259,270 shares of the company’s stock were exchanged, compared to its average volume of 612,174. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.07 and a quick ratio of 1.07. The Ultimate Software Group, Inc. has a 52-week low of $219.97 and a 52-week high of $365.86. The stock has a market cap of $10.47 billion, a price-to-earnings ratio of 138.22, a price-to-earnings-growth ratio of 6.49 and a beta of 1.33.

The Ultimate Software Group (NASDAQ:ULTI) last issued its quarterly earnings data on Monday, February 4th. The technology company reported $1.95 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.58 by $1.37. The business had revenue of $304.80 million during the quarter, compared to analysts’ expectations of $300.60 million. The Ultimate Software Group had a net margin of 5.71% and a return on equity of 9.90%. The company’s revenue was up 21.2% on a year-over-year basis. During the same period last year, the company posted $1.11 EPS. On average, equities analysts expect that The Ultimate Software Group, Inc. will post 2.4 earnings per share for the current fiscal year.

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About The Ultimate Software Group

The Ultimate Software Group, Inc provides cloud-based human capital management solutions to enterprise companies, mid-market companies, and companies in the strategic market in the United States, Canada, Europe, the Asia Pacific, and internationally. Its UltiPro software solution delivers the functionality businesses need to manage the employee life cycle from recruitment to retirement.

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Institutional Ownership by Quarter for The Ultimate Software Group (NASDAQ:ULTI)

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