Vice-Chairman & COO of Ultimate Software Group Inc. (ULTI) Marc D Scherr sells 50,000 shares of ULTI on 08/02/2010 at an average price of $32.49 a share.

Ultimate Software Group Inc. has a market cap of $804.08 million; its shares were traded at around $32.26 with and P/S ratio of 4.09.

ULTI is in the portfolios of Ruane Cunniff of Ruane & Cunniff & Goldfarb Inc, Ron Baron of Baron Funds, RS Investment Management, Pioneer Investments, Jim Simons of Renaissance Technologies LLC, Steven Cohen of SAC Capital Advisors.

This is the annual revenues and earnings per share of ULTI over the last 10 years. For detailed 10-year financial data and charts, go to 10-Year Financials of ULTI.

CEO Recent Trades:

• Sell: Chairman, President and CEO Scott Scherr sold 75,756 shares of ULTI stock on 02/11/2010 at the average price of 27.71. Scott Scherr owns at least 85,900 shares after this. The price of the stock has increased by 16.42% since.

CFO Recent Trades:

• Sell: Exec. VP, CFO and Treasurer Mitchell K Dauerman sold 30,000 shares of ULTI stock on 05/03/2010 at the average price of 34.18. Mitchell K Dauerman owns at least 34,000 shares after this. The price of the stock has decreased by 5.62% since.

This is the insider trade history vs. stock price of ULTI. For the complete insider trading history of ULTI, click here.

Directors and Officers Recent Trades:

• Sell: Director Leroy Vander Putten sold 5,000 shares of ULTI stock on 05/12/2010 at the average price of 35.02. Leroy Vander Putten owns at least 41,472 shares after this. The price of the stock has decreased by 7.88% since.


• Sell: Vice-Chairman & COO Marc D Scherr sold 50,000 shares of ULTI stock on 05/03/2010 at the average price of 34.22. Marc D Scherr owns at least 64,066 shares after this. The price of the stock has decreased by 5.73% since.


• Sell: Director James A Jr Fitzpatrick sold 5,037 shares of ULTI stock on 04/29/2010 at the average price of 34. James A Jr Fitzpatrick owns at least 4,864 shares after this. The price of the stock has decreased by 5.12% since.


• Sell: Director Leroy Vander Putten sold 881 shares of ULTI stock on 03/12/2010 at the average price of 33. Leroy Vander Putten owns at least 43,624 shares after this. The price of the stock has decreased by 2.24% since.


• Sell: Director Leroy Vander Putten sold 4,119 shares of ULTI stock on 03/10/2010 at the average price of 33.01. Leroy Vander Putten owns at least 44,505 shares after this. The price of the stock has decreased by 2.27% since.

Why CEOs Are Buying Stocks Of Their Own Companies?

1. As legendary investor Peter Lynch said: "Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise."
2. TOP EXECUTIVES like CEOs and CFOs are savvy buyers of their companies' shares. One long-term study showed that they beat the market on average by six percentage points a year.
3. Another study found that the aggregated activities of insiders can serve as a good indicator to locate market bottoms. Insiders as a whole are smart investors of their own companies.

Click it to Check Out What the CEO Are Trading

More Gurufocus Links

Latest Guru Picks	Value Strategies
Warren Buffett Portfolio	Ben Graham Net-Net
Real Time Picks	Buffett-Munger Screener
Aggregated Portfolio	Undervalued Predictable
ETFs, Options	Low P/S Companies
Insider Trends	10-Year Financials
52-Week Lows	Interactive Charts
Model Portfolios	DCF Calculator
RSS Feed	Monthly Newsletters
The All-In-One Screener	Portfolio Tracking Tool