As Ultimate Software Group (ULTI) Share Price Rose, Shareholder Next Century Growth Investors Has Decreased Position; Neuberger Berman Group Has Increased Holding in Target (TGT) by $2.52 Million

April 17, 2018 - By Stephen Andrade

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

Next Century Growth Investors Llc decreased its stake in Ultimate Software Group Inc. (ULTI) by 8.52% based on its latest 2017Q4 regulatory filing with the SEC. Next Century Growth Investors Llc sold 2,268 shares as the company’s stock rose 10.75% while stock markets declined. The institutional investor held 24,347 shares of the technology company at the end of 2017Q4, valued at $5.31 million, down from 26,615 at the end of the previous reported quarter. Next Century Growth Investors Llc who had been investing in Ultimate Software Group Inc. for a number of months, seems to be less bullish one the $7.63B market cap company. The stock increased 1.60% or $3.85 during the last trading session, reaching $243.94. About 367,184 shares traded or 25.78% up from the average. The Ultimate Software Group, Inc. (NASDAQ:ULTI) has risen 24.56% since April 17, 2017 and is uptrending. It has outperformed by 13.01% the S&P500.

Neuberger Berman Group Llc increased its stake in Target Corp (TGT) by 35.75% based on its latest 2017Q4 regulatory filing with the SEC. Neuberger Berman Group Llc bought 38,772 shares as the company’s stock rose 4.77% while stock markets declined. The institutional investor held 147,239 shares of the department and specialty retail stores company at the end of 2017Q4, valued at $9.61 million, up from 108,467 at the end of the previous reported quarter. Neuberger Berman Group Llc who had been investing in Target Corp for a number of months, seems to be bullish on the $38.79B market cap company. The stock increased 0.67% or $0.48 during the last trading session, reaching $72. About 4.84 million shares traded. Target Corporation (NYSE:TGT) has risen 28.46% since April 17, 2017 and is uptrending. It has outperformed by 16.91% the S&P500.

Investors sentiment decreased to 0.95 in Q4 2017. Its down 0.10, from 1.05 in 2017Q3. It fall, as 36 investors sold ULTI shares while 97 reduced holdings. 40 funds opened positions while 87 raised stakes. 31.95 million shares or 0.50% less from 32.11 million shares in 2017Q3 were reported. Rothschild Cap Ptnrs Limited Company holds 1.27% or 12,501 shares in its portfolio. Pub Employees Retirement Sys Of Ohio reported 68,402 shares or 0.07% of all its holdings. Loomis Sayles And LP holds 0.07% or 160,971 shares in its portfolio. Echo Street Cap Management Ltd Liability holds 164,096 shares or 1.08% of its portfolio. The Massachusetts-based Wellington Mngmt Group Llp has invested 0.01% in The Ultimate Software Group, Inc. (NASDAQ:ULTI). 67,045 were accumulated by Rhumbline Advisers. California Public Employees Retirement Sys invested in 0.02% or 80,224 shares. Cwm Limited Liability Corporation owns 22 shares for 0% of their portfolio. Parkside Bancshares Tru holds 662 shares or 0.05% of its portfolio. Brown Advisory Inc owns 172,666 shares. Moreover, Public Employees Retirement Association Of Colorado has 0.13% invested in The Ultimate Software Group, Inc. (NASDAQ:ULTI) for 96,464 shares. 11,626 were reported by Oak Ridge Invests Limited Co. Natl Bank Of Montreal Can holds 0% of its portfolio in The Ultimate Software Group, Inc. (NASDAQ:ULTI) for 15,445 shares. First Mercantile has 1,303 shares for 0.06% of their portfolio. Thrivent Financial For Lutherans owns 29,288 shares or 0.02% of their US portfolio.

Among 27 analysts covering Ultimate Software (NASDAQ:ULTI), 18 have Buy rating, 1 Sell and 8 Hold. Therefore 67% are positive. Ultimate Software had 68 analyst reports since October 22, 2015 according to SRatingsIntel. The firm earned “Buy” rating on Sunday, July 30 by Canaccord Genuity. The rating was maintained by Stifel Nicolaus on Wednesday, October 28 with “Buy”. The stock has “Mkt Perform” rating by FBR Capital on Wednesday, October 28. Piper Jaffray maintained The Ultimate Software Group, Inc. (NASDAQ:ULTI) rating on Monday, October 16. Piper Jaffray has “Buy” rating and $225.0 target. Wells Fargo maintained the stock with “Buy” rating in Wednesday, January 31 report. The company was maintained on Wednesday, October 28 by TH Capital. The firm has “Buy” rating given on Monday, January 29 by RBC Capital Markets. The firm has “Buy” rating given on Thursday, November 2 by Wells Fargo. The rating was maintained by Credit Suisse with “Buy” on Wednesday, August 2. The company was maintained on Tuesday, February 6 by SunTrust.

Analysts await The Ultimate Software Group, Inc. (NASDAQ:ULTI) to report earnings on May, 1 after the close. They expect $0.26 EPS, down 3.70% or $0.01 from last year’s $0.27 per share. ULTI’s profit will be $8.13 million for 234.56 P/E if the $0.26 EPS becomes a reality. After $0.24 actual EPS reported by The Ultimate Software Group, Inc. for the previous quarter, Wall Street now forecasts 8.33% EPS growth.

Since February 8, 2018, it had 0 insider purchases, and 7 selling transactions for $54.17 million activity. Phenicie John C also sold $1.61M worth of The Ultimate Software Group, Inc. (NASDAQ:ULTI) on Friday, February 9. 83,351 The Ultimate Software Group, Inc. (NASDAQ:ULTI) shares with value of $18.71M were sold by SCHERR MARC D. Rogers Adam also sold $813,775 worth of The Ultimate Software Group, Inc. (NASDAQ:ULTI) on Friday, February 9. $1.22M worth of stock was sold by WILBER RICK on Wednesday, February 21. DAUERMAN MITCHELL K sold 28,125 shares worth $6.32M. Swick Gregory had sold 2,968 shares worth $677,298 on Friday, February 9.

Next Century Growth Investors Llc, which manages about $3.86B and $804.95 million US Long portfolio, upped its stake in Ameris Bancorp (NASDAQ:ABCB) by 12,792 shares to 289,237 shares, valued at $13.94 million in 2017Q4, according to the filing. It also increased its holding in Mimecast Ltd by 69,260 shares in the quarter, for a total of 185,450 shares, and has risen its stake in Pacific Premier Bancorp Inc (NASDAQ:PPBI).

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

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By1 Stephen Andrade

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