Significant Insider Sales in Shares of Ultimate Software Group (ULTI)

Monday, November 06, 2017 10:15 PM ET

Significant Insider Sales in Shares of Ultimate Software Group (ULTI)

Ultimate Software Group, today, saw two insiders — James A Fitzpatrick Jr, Director, and Robert Manne, Officer — sell 9,585 shares having a market value of approximately $1,974,042, as reported in form 4 documents filed with the SEC. These are the first insider buy/sell trades in the past 90 days. Adding the most recent activity to this 90-day history indicates insider trades have averaged 4,793 shares per transaction.

Ultimate Software Group buy-sell trading activity is close to the 95 member peer company average. The Software peer group saw 153 buy/sell trades during this period for an average of 1.6 transactions per company. However, trading at Ultimate Software Group represents a lower number of shares per transaction. Within the peer group there were 1,358,745 shares purchased and 9,961,399 shares sold with company insiders disposing of 56,226 shares on average over this time period.

The data used in composing and writing in this story eliminates all trading activity reported to the SEC that involves awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers.

Today’s Insider Activity
* James A Fitzpatrick Jr, Director, sold 4,585 shares
* Robert Manne, Officer, sold 5,000 shares

Using proprietary Natural Language Generation (NLG) technology, UpTick evaluates corporate insider filings reported to the SEC and creates real-time news and analysis to report the most significant insider transactions based on transaction type, size and historical trends.

For more information, contact UpTick at info@uptickdata.com. Copyright 2017 UpTick Data Technologies. All rights reserved.

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