Hide

FocusBar

Subscribe to Premium Member
Free 7-day Trial
All Articles and Columns »

Ultimate Software Group Inc. (ULTI) Vice-Chairman & COO Marc D Scherr sells 22,242 Shares

November 01, 2010 | About:
insider

insider

43 followers
Vice-Chairman & COO of Ultimate Software Group Inc. (ULTI) Marc D Scherr sells 22,242 shares of ULTI on 10/28/2010 at an average price of $40.91 a share.

Ultimate Software Group Inc. has a market cap of $1.03 billion; its shares were traded at around $41.38 with and P/S ratio of 5.1.

ULTI is in the portfolios of Ruane Cunniff of Ruane & Cunniff & Goldfarb Inc, RS Investment Management, Ron Baron of Baron Funds, Pioneer Investments.

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 80,000 shares of ULTI stock on 08/03/2010 at the average price of 32.17. Scott Scherr owns at least 85,900 shares after this. The price of the stock has increased by 28.63% since.

  • Sell: Chairman, President and CEO Scott Scherr sold 100,000 shares of ULTI stock on 07/29/2010 at the average price of 33.28. Scott Scherr owns at least 85,900 shares after this. The price of the stock has increased by 24.34% 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: Vice-Chairman & COO Marc D Scherr sold 50,000 shares of ULTI stock on 08/02/2010 at the average price of 32.49. Marc D Scherr owns at least 64,066 shares after this. The price of the stock has increased by 27.36% since.

  • Sell: Director James A Jr Fitzpatrick sold 2,423 shares of ULTI stock on 07/29/2010 at the average price of 34.22. James A Jr Fitzpatrick owns at least 6,256 shares after this. The price of the stock has increased by 20.92% since.

  • 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 increased by 18.16% since.


About the author:

GuruFocus - Stock Picks and Market Insight of Gurus

Tickers in the article:

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


Rating: 4.3/5 (4 votes)

Comments

Please leave your comment:


More Gurufocus Links

Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)
Free 7-day Trial
FEEDBACK

This article has been successfully added into your Bookmark.

Members Only. Please Sign Up or Log In first.

Bookmark of this article has been deleted.