New York State Teachers Retirement System Has $5,840,000 Position in The Ultimate Software Group, Inc. (ULTI)

New York State Teachers Retirement System continued to hold its stake in shares of The Ultimate Software Group, Inc. (NASDAQ:ULTI) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,918 shares of the technology company’s stock at the end of the first quarter. New York State Teachers Retirement System owned about 0.10% of The Ultimate Software Group worth $5,840,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of the company. Dimensional Fund Advisors LP increased its position in The Ultimate Software Group by 0.4% in the first quarter. Dimensional Fund Advisors LP now owns 74,444 shares of the technology company’s stock valued at $14,532,000 after buying an additional 260 shares during the last quarter. Liberty Mutual Group Asset Management Inc. increased its position in The Ultimate Software Group by 5.5% in the first quarter. Liberty Mutual Group Asset Management Inc. now owns 13,312 shares of the technology company’s stock valued at $2,599,000 after buying an additional 689 shares during the last quarter. Geode Capital Management LLC increased its position in The Ultimate Software Group by 11.0% in the first quarter. Geode Capital Management LLC now owns 229,145 shares of the technology company’s stock valued at $44,730,000 after buying an additional 22,695 shares during the last quarter. Vanguard Group Inc. increased its position in The Ultimate Software Group by 5.2% in the first quarter. Vanguard Group Inc. now owns 2,229,152 shares of the technology company’s stock valued at $435,153,000 after buying an additional 109,592 shares during the last quarter. Finally, TimesSquare Capital Management LLC increased its position in The Ultimate Software Group by 8.0% in the first quarter. TimesSquare Capital Management LLC now owns 868,245 shares of the technology company’s stock valued at $169,490,000 after buying an additional 64,040 shares during the last quarter.

The Ultimate Software Group, Inc. (NASDAQ:ULTI) traded up 0.71% on Friday, reaching $227.21. The company had a trading volume of 287,788 shares. The stock has a market capitalization of $6.75 billion, a PE ratio of 224.96 and a beta of 1.07. The stock has a 50 day moving average price of $216.82 and a 200 day moving average price of $205.46. The Ultimate Software Group, Inc. has a 52-week low of $180.29 and a 52-week high of $233.42.

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Several brokerages have issued reports on ULTI. Wedbush lowered their price objective on The Ultimate Software Group from $240.00 to $236.00 and set an “outperform” rating for the company in a research report on Wednesday, April 26th. BidaskClub raised The Ultimate Software Group from a “buy” rating to a “strong-buy” rating in a research report on Saturday, June 24th. SunTrust Banks, Inc. initiated coverage on The Ultimate Software Group in a research report on Monday, June 26th. They set a “buy” rating and a $240.00 price target for the company. Canaccord Genuity reaffirmed a “buy” rating and set a $240.00 price target on shares of The Ultimate Software Group in a research report on Thursday, May 25th. Finally, MKM Partners reiterated a “buy” rating and set a $250.00 price objective on shares of The Ultimate Software Group in a research note on Friday, April 14th. Three research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $241.07.

About The Ultimate Software Group

The Ultimate Software Group, Inc (Ultimate) is a cloud 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. As of December 31, 2016, UltiPro included global people management, available in 14 languages with more than 35 country-specific localizations.

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

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