Will The Ultimate Software Group, Inc. Go Down Anytime Soon? Option Trader Believe So

 Will The Ultimate Software Group, Inc. Go Down Anytime Soon? Option Trader Believe So

In today’s session The Ultimate Software Group, Inc. (ULTI) recorded an unusually high (750) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the December, 2016 put, expecting serious ULTI decrease. With 750 contracts traded and 654 open interest for the Dec, 16 contract, it seems this is a quite bearish bet. The option with symbol: ULTI161216P00210000 closed last at: $7.7 or 2.7% up. About 383,883 shares traded hands or 69.36% up from the average. The Ultimate Software Group, Inc. (NASDAQ:ULTI) has risen 10.01% since April 5, 2016 and is uptrending. It has outperformed by 8.05% the S&P500.

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 1.68% above today’s ($211.52) stock price. Ultimate Software has been the topic of 22 analyst reports since October 22, 2015 according to StockzIntelligence Inc. The rating was maintained by Needham with “Buy” on Wednesday, October 28. On Wednesday, February 3 the stock rating was maintained by Wedbush with “Neutral”. Northland Capital maintained it with “Outperform” rating and $230 target price in Wednesday, October 28 report. On Monday, May 23 the stock rating was initiated by Goldman Sachs with “Neutral”. RBC Capital Markets maintained the shares of ULTI in a report on Wednesday, February 3 with “Outperform” rating. The rating was maintained by RBC Capital Markets with “Outperform” on Thursday, October 22. The rating was maintained by Roth Capital with “Buy” on Wednesday, October 28. The firm has “Overweight” rating given on Tuesday, September 20 by Pacific Crest. As per Monday, October 31, the company rating was upgraded by Wedbush. The stock has “Buy” rating given by TH Capital on Wednesday, October 28.

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.”

Insitutional Activity: The institutional sentiment decreased to 0.93 in 2016 Q2. Its down 0.21, from 1.14 in 2016Q1. The ratio turned negative, 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.
Ent Fincl reported 8 shares or 0% of all its holdings. Tci Wealth Advisors reported 12 shares or 0% of all its holdings. Geneva Advisors Limited Liability Company has 127,715 shares for 0.53% of their US portfolio. Teachers Retirement Of The State Of Kentucky holds 0.02% of its portfolio in The Ultimate Software Group, Inc. (NASDAQ:ULTI) for 6,700 shares. Westfield Mgmt Company Limited Partnership reported 203,867 shares or 0.35% of all its holdings. Proshare Ltd Llc last reported 0.01% of its portfolio in the stock. Weaver C Barksdale owns 33 shares or 0.01% of their US portfolio. Wells Fargo Mn holds 0.03% of its portfolio in The Ultimate Software Group, Inc. (NASDAQ:ULTI) for 354,551 shares. Federated Invsts Incorporated Pa has 79,582 shares for 0.05% of their US portfolio. Manufacturers Life Ins The holds 38,988 shares or 0.01% of its portfolio. Finemark Comml Bank Trust holds 0.02% or 1,065 shares in its portfolio. Ibm Retirement Fund accumulated 0.02% or 2,774 shares. Shaker Investments Limited Liability Corp Oh owns 2,400 shares or 0.46% of their US portfolio. Great West Life Assurance Communication Can has 2,788 shares for 0% of their US portfolio. Public Employees Retirement Association Of Colorado holds 0.14% or 81,432 shares in its portfolio.

Insider Transactions: Since July 28, 2016, the stock had 0 insider buys, and 5 insider sales for $2.97 million net activity. Another trade for 913 shares valued at $190,872 was sold by FITZPATRICK JAMES A JR. $1.57 million worth of The Ultimate Software Group, Inc. (NASDAQ:ULTI) was sold by Manne Robert. Shares for $284,008 were sold by PUTTEN LEROY VANDER. Shares for $733,913 were sold by Phenicie John C on Thursday, July 28.

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 $6.28 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 236.97 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.

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 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. Businesswire.com‘s article titled: “Ultimate Software Certified for Meeting Asia-Pacific Cross Border Privacy …” and published on November 07, 2016 is yet another important article.

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