Short Interest Reporting: Time to Reconsider Ultimate Software Group Incorporated (NASDAQ:ULTI) After More Short Sellers?

November 18, 2016 - By Nellie Frank   ·   0 Comments

Short Interest Reporting: Time to Reconsider Ultimate Software Group Incorporated (NASDAQ:ULTI) After More Short Sellers?

The stock of Ultimate Software Group Incorporated (NASDAQ:ULTI) registered an increase of 2.13% in short interest. ULTI’s total short interest was 1.35 million shares in November as published by FINRA. Its up 2.13% from 1.32M shares, reported previously. With 167,100 shares average volume, it will take short sellers 8 days to cover their ULTI’s short positions. The short interest to Ultimate Software Group Incorporated’s float is 4.75%. About 99,036 shares traded hands. The Ultimate Software Group, Inc. (NASDAQ:ULTI) has risen 8.51% since April 18, 2016 and is uptrending. It has outperformed by 4.08% 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 $6.73 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.

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.
Teacher Retirement Of Texas has 0.01% invested in the company for 4,056 shares. Manning And Napier Advsrs Limited Com has 82,020 shares for 0.1% of their US portfolio. Invesco has invested 0.04% of its portfolio in The Ultimate Software Group, Inc. (NASDAQ:ULTI). Winfield Associates Incorporated holds 5 shares or 0% of its portfolio. Victory Capital Incorporated, a Ohio-based fund reported 3,870 shares. Mcf Advisors Llc has invested 0% of its portfolio in The Ultimate Software Group, Inc. (NASDAQ:ULTI). Zurcher Kantonalbank (Zurich Cantonalbank) has 0% invested in the company for 733 shares. Ironbridge Capital Ltd Partnership has 28,834 shares for 0.27% of their US portfolio. Royal Bancorp Of Canada holds 0.01% or 47,294 shares in its portfolio. Moreover, State Of Wisconsin Inv Board has 0.02% invested in The Ultimate Software Group, Inc. (NASDAQ:ULTI) for 17,910 shares. Moreover, Castleark Mngmt Limited Company has 0.18% invested in The Ultimate Software Group, Inc. (NASDAQ:ULTI) for 26,206 shares. Stephens Gru Ltd Liability Company holds 221,025 shares or 1.53% of its portfolio. The California-based Nelson Roberts Inv Advisors Ltd Co has invested 0% in The Ultimate Software Group, Inc. (NASDAQ:ULTI). Putnam Invs Limited Com owns 14,845 shares or 0.01% of their US portfolio. Artisan Prtnrs Partnership accumulated 382,448 shares or 0.17% of the stock.

Insider Transactions: Since July 28, 2016, the stock had 0 buys, and 11 insider sales for $37.91 million net activity. Shares for $733,913 were sold by Phenicie John C. The insider DAUERMAN MITCHELL K sold $5.68 million. $190,872 worth of The Ultimate Software Group, Inc. (NASDAQ:ULTI) was sold by FITZPATRICK JAMES A JR. On Tuesday, November 8 the insider Rogers Adam sold $1.03 million. Another trade for 7,500 shares valued at $1.57 million was sold by Manne Robert. 1,351 shares were sold by PUTTEN LEROY VANDER, worth $284,008. SCHERR MARC D sold $11.16 million worth of stock or 53,212 shares.

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. Ultimate Software has been the topic of 22 analyst reports since October 22, 2015 according to StockzIntelligence Inc. The firm has “Outperform” rating given on Thursday, October 22 by RBC Capital Markets. On Wednesday, June 1 the stock rating was reinitiated by Piper Jaffray with “Overweight”. Stifel Nicolaus maintained The Ultimate Software Group, Inc. (NASDAQ:ULTI) on Wednesday, October 28 with “Buy” rating. FBR Capital maintained it with “Mkt Perform” rating and $205 target price in Wednesday, October 28 report. The firm has “Overweight” rating by Pacific Crest given on Tuesday, September 20. Needham maintained it with “Buy” rating and $220 target price in Wednesday, October 28 report. The firm earned “Neutral” rating on Thursday, April 28 by Wedbush. The rating was maintained by Wedbush on Wednesday, February 3 with “Neutral”. Roth Capital maintained the stock with “Buy” rating in Wednesday, October 28 report. The firm has “Outperform” rating by RBC Capital Markets given on Wednesday, February 3.

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.

More recent The Ultimate Software Group, Inc. (NASDAQ:ULTI) news were published by: Thestreet.com which released: “Oracle’s NetSuite Acquisition Leaves Questions for Ultimate Software Partnership” on November 07, 2016. Also Gurufocus.com published the news titled: “The Ultimate Software Group Inc (ULTI) Chairman, President and CEO Scott …” on November 09, 2016. Equitiesfocus.com‘s news article titled: “The Ultimate Software Group, Inc. (NASDAQ:ULTI) Short-Term Price Target At $240.91” with publication date: November 18, 2016 was also an interesting one.

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By Nellie Frank


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