Hhr Asset Management LLC Increased Its Position in Ultimate Software Group INC (ULTI) by $6.89 Million as Market Value Declined

The Ultimate Software Group, Inc. (NASDAQ:ULTI) LogoInvestors sentiment increased to 1.4 in Q3 2018. Its up 0.29, from 1.11 in 2018Q2. It increased, as 20 investors sold ULTI shares while 101 reduced holdings. 72 funds opened positions while 97 raised stakes. 28.80 million shares or 3.77% less from 29.93 million shares in 2018Q2 were reported. Raymond James And Associates invested 0.02% of its portfolio in The Ultimate Software Group, Inc. (NASDAQ:ULTI). First Personal Fincl Services holds 0% or 24 shares. Massachusetts Ser Ma stated it has 70,774 shares or 0.01% of all its holdings. Secor Cap Advsrs LP reported 9,250 shares or 0.32% of all its holdings. South Street Advsrs Lc owns 35,473 shares for 1.78% of their portfolio. National Bank & Trust Of Montreal Can owns 28,944 shares. Lord Abbett & Limited Liability reported 0.31% stake. Moreover, Susquehanna International Ltd Liability Partnership has 0% invested in The Ultimate Software Group, Inc. (NASDAQ:ULTI) for 3,836 shares. Benjamin F Edwards And invested in 0% or 46 shares. 673 are owned by Bnp Paribas Asset Mngmt Hldgs Sa. Nicholas Invest Ptnrs LP invested in 9,761 shares. Amer Intl Grp invested in 0.07% or 63,579 shares. Tocqueville Asset Management Ltd Partnership reported 0.02% of its portfolio in The Ultimate Software Group, Inc. (NASDAQ:ULTI). Oak Associates Ltd Oh, Ohio-based fund reported 2,125 shares. 10 were accumulated by Valley National Advisers Incorporated.

Since November 2, 2018, it had 0 insider purchases, and 3 insider sales for $3.04 million activity. 4,252 shares were sold by Swick Gregory, worth $1.09 million on Sunday, November 4. FITZPATRICK JAMES A JR had sold 494 shares worth $131,997 on Friday, November 2.

Hhr Asset Management Llc increased its stake in Ultimate Software Group Inc (ULTI) by 10.18% based on its latest 2018Q3 regulatory filing with the SEC. Hhr Asset Management Llc bought 36,430 shares as the company’s stock declined 20.46% with the market. The hedge fund held 394,388 shares of the technology company at the end of 2018Q3, valued at $74.78 million, up from 357,958 at the end of the previous reported quarter. Hhr Asset Management Llc who had been investing in Ultimate Software Group Inc for a number of months, seems to be bullish on the $7.95B market cap company. The stock decreased 1.10% or $2.82 during the last trading session, reaching $254.24. About 83,496 shares traded. The Ultimate Software Group, Inc. (NASDAQ:ULTI) has risen 19.57% since January 14, 2018 and is uptrending. It has outperformed by 19.57% the S&P500.

Hhr Asset Management Llc, which manages about $2.77 billion and $1.92B US Long portfolio, decreased its stake in Stamps Com Inc (NASDAQ:STMP) by 130,060 shares to 384,820 shares, valued at $77.98M in 2018Q3, according to the filing. It also reduced its holding in Baidu Inc (NASDAQ:BIDU) by 113,430 shares in the quarter, leaving it with 334,168 shares, and cut its stake in Salesforce Com Inc (NYSE:CRM).

The Ultimate Software Group, Inc. (NASDAQ:ULTI) Ratings Coverage

Among 7 analysts covering Ultimate Software Group (NASDAQ:ULTI), 5 have Buy rating, 1 Sell and 1 Hold. Therefore 71% are positive. Ultimate Software Group had 8 analyst reports since July 23, 2018 according to SRatingsIntel. Bank of America maintained The Ultimate Software Group, Inc. (NASDAQ:ULTI) rating on Wednesday, August 1. Bank of America has “Underperform” rating and $258 target. The rating was maintained by Credit Suisse with “Outperform” on Wednesday, August 1. The company was maintained on Wednesday, August 1 by Stifel Nicolaus. The stock of The Ultimate Software Group, Inc. (NASDAQ:ULTI) has “Outperform” rating given on Thursday, December 13 by Evercore. The firm has “Underperform” rating by Bank of America given on Wednesday, September 26. The rating was maintained by JMP Securities with “Market Outperform” on Monday, July 23. The firm earned “Neutral” rating on Tuesday, August 21 by Guggenheim.

The Ultimate Software Group, Inc. (NASDAQ:ULTI) Institutional Positions Chart

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