Ultimate Software Group Inc. (ULTI) Chairman, President and CEO Scott Scherr sells 50,000 Shares

Chairman, President and CEO of Ultimate Software Group Inc. (ULTI, Financial) Scott Scherr sells 50,000 shares of ULTI on 10/29/2009 at an average price of $25.68 a share.

Ultimate Software is a leader in delivering Web-based payroll and employee management solutions to organizations of all sizes. Ultimate Software's fully integrated award-winning UltiPro suite enables businesses to manage human resources and payroll strategically and cost-effectively benefiting everyone in the organization. Ultimate Software offers application hosting through IBM Global Services and a business-to-business Web portal providing access to value-added resources via the Internet. Ultimate Software Group Inc. has a market cap of $627.88 million; its shares were traded at around $25.51 with and P/S ratio of 3.52.

ULTI is in the portfolios of Ruane Cunniff of Ruane & Cunniff & Goldfarb Inc, Ron Baron of Baron Funds.

Insiders' Positions with ULTI

  • Sell:: Chairman, President and CEO Scott Scherr sold 20,000 shares of ULTI stock on 05/18/2009 at the average price of 17.9, the price of the stock has increased by 42.51% since



Insiders' Positions with ULTI

  • Sell:: Exec. VP, CFO and Treasurer Mitchell K Dauerman sold 50,000 shares of ULTI stock on 07/30/2009 at the average price of 24.81, the price of the stock has increased by 2.82% since



Insiders' Positions with ULTI

  • Sell:: Vice-Chairman & COO Marc D Scherr sold 25,000 shares of ULTI stock on 07/30/2009 at the average price of 24.81, the price of the stock has increased by 2.82% since

  • Sell:: Vice-Chairman & COO Marc D Scherr sold 15,000 shares of ULTI stock on 05/18/2009 at the average price of 17.93, the price of the stock has increased by 42.28% since