The Ultimate Software Group, Inc. (NASDAQ:ULTI), saw a top level insider lower his holdings with the company today. Director Vander Leroy Putten sold 10,000 shares through two separate transactions at prices ranging from $132.56 to $133.18 per share. Following the completion of this transaction, Putten has 55,211 shares directly invested in the corporation.
A $3.79 billion market cap company, The Ultimate Software Group, Inc. (NASDAQ:ULTI) is a provider of cloud-based human capital management (HCM). Ultimate’s UltiPro software (UltiPro) is a comprehensive, easy-to-use solution delivered primarily over the Internet to organizations based in the United States and Canada, including those with global employees.
In addition, while there are multiple outside investors, there is one with substantially more holdings than the rest. This would be Matthew A. Weatherbie‘s Weatherbie Capital, which after raising its activity by 28% last quarter, now has 201,931 shares worth about $27.6 million invested in the software company.
Disclosure: The author, Daniel Forstein, holds no positions in any stocks mentioned.