Ultimate Software Group Upgraded by Thomson Reuters/Verus to “Buy” (ULTI)
Ultimate Software Group (NASDAQ:ULTI) was upgraded by equities researchers at Thomson Reuters/Verus from a “hold” rating to a “buy” rating in a research report issued on Monday, AR Network reports.
A number of other analysts have also recently weighed in on ULTI. Analysts at Wunderlich raised their price target on shares of Ultimate Software Group from $150.00 to $175.00 in a research note to investors on Tuesday, October 1st. They now have a “buy” rating on the stock. Separately, analysts at Barrington Research upgraded shares of Ultimate Software Group from a “market perform” rating to an “outperform” rating in a research note to investors on Tuesday, September 10th. They now have a $170.00 price target on the stock. Finally, analysts at JMP Securities raised their price target on shares of Ultimate Software Group from $140.00 to $150.00 in a research note to investors on Monday, August 26th. They now have a “market outperform” rating on the stock. Five analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $137.00.
Ultimate Software Group (NASDAQ:ULTI) traded down 0.30% on Monday, hitting $143.19. 42,134 shares of the company’s stock traded hands. Ultimate Software Group has a 52-week low of $85.08 and a 52-week high of $151.08. The stock’s 50-day moving average is $144.6 and its 200-day moving average is $123.9. The company has a market cap of $3.986 billion and a price-to-earnings ratio of 200.03.
Ultimate Software Group (NASDAQ:ULTI) last issued its quarterly earnings data on Tuesday, July 30th. The company reported $0.34 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.30 by $0.04. The company had revenue of $97.50 million for the quarter, compared to the consensus estimate of $97.19 million. During the same quarter last year, the company posted $0.21 earnings per share. Ultimate Software Group’s revenue was up 23.2% compared to the same quarter last year. On average, analysts predict that Ultimate Software Group will post $1.42 earnings per share for the current fiscal year.
The Ultimate Software Group, Inc (NASDAQ:ULTI) is a provider of cloud-based human capital management (HCM).
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.