Insiders Make Significant Stock Sales in Ultimate Software Group (ULTI) Shares Extending the Trend of Last Quarter

Thursday, February 08, 2018 10:15 PM ET

Insiders Make Significant Stock Sales in Ultimate Software Group (ULTI) Shares Extending the Trend of Last Quarter

There was significant net selling of Ultimate Software Group shares today, as disclosed in filings with the SEC. Two insiders — James A Fitzpatrick Jr, Director, and Robert Manne, Officer — disposed of 9,230 shares in the company having a market value of approximately $2,111,379. In the past 90 days prior to this transaction there was one insider buy/sell transaction which resulted in the sale of 5,559 shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 14,789 shares and have averaged 4,930 shares per transaction over this time period.

The number of insider buy/sell trades at Ultimate Software Group is above that of the 101 peer company average over the last 90-day period. The Software peer group saw 147 buy/sell trades during this period for an average of 1.5 transactions per company. However, the number of shares traded per transaction by Ultimate Software Group insiders is lower than its peers. Within the peer group there were 280,800 shares purchased and 18,656,697 shares sold with company insiders disposing of 125,006 shares on average over this time period.

The data obtained in creating 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 4,230 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.

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