Cooper Haims Advisors LLC Invests $1.80 Million in The Ultimate Software Group, Inc. (ULTI) Stock

Cooper Haims Advisors LLC bought a new stake in The Ultimate Software Group, Inc. (NASDAQ:ULTI) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 5,452 shares of the technology company’s stock, valued at approximately $1,800,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Arizona State Retirement System lifted its holdings in shares of The Ultimate Software Group by 1.4% in the 1st quarter. Arizona State Retirement System now owns 22,748 shares of the technology company’s stock valued at $7,510,000 after buying an additional 305 shares during the period. Securian Asset Management Inc grew its position in shares of The Ultimate Software Group by 2.6% in the first quarter. Securian Asset Management Inc now owns 3,921 shares of the technology company’s stock valued at $1,294,000 after purchasing an additional 100 shares during the period. World Asset Management Inc grew its position in shares of The Ultimate Software Group by 2.1% in the first quarter. World Asset Management Inc now owns 1,785 shares of the technology company’s stock valued at $589,000 after purchasing an additional 36 shares during the period. BNP Paribas Arbitrage SA grew its position in shares of The Ultimate Software Group by 5,061.9% in the first quarter. BNP Paribas Arbitrage SA now owns 45,580 shares of the technology company’s stock valued at $15,047,000 after purchasing an additional 44,697 shares during the period. Finally, Los Angeles Capital Management & Equity Research Inc. grew its position in shares of The Ultimate Software Group by 6.6% in the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 50,470 shares of the technology company’s stock valued at $16,662,000 after purchasing an additional 3,120 shares during the period. Institutional investors own 91.20% of the company’s stock.

Shares of NASDAQ:ULTI remained flat at $$331.36 during trading on Wednesday. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.01. The company has a market cap of $10.50 billion, a price-to-earnings ratio of 138.64, a price-to-earnings-growth ratio of 6.51 and a beta of 1.29. The Ultimate Software Group, Inc. has a 52-week low of $219.97 and a 52-week high of $365.86.

ULTI has been the subject of a number of research reports. SunTrust Banks boosted their price target on The Ultimate Software Group to $331.50 in a research report on Wednesday, February 6th. Deutsche Bank initiated coverage on The Ultimate Software Group in a research report on Friday, January 25th. They set a “buy” rating and a $267.32 price target for the company. BidaskClub downgraded The Ultimate Software Group from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, March 20th. ValuEngine cut The Ultimate Software Group from a “strong-buy” rating to a “buy” rating in a research note on Monday, April 1st. Finally, Jefferies Financial Group cut The Ultimate Software Group from a “buy” rating to a “hold” rating and set a $332.54 price objective on the stock. in a research note on Tuesday, February 5th. Two analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and six have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $317.11.

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The Ultimate Software Group Profile

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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