Ultimate Software Group Given New $175.00 Price Target at Stifel Nicolaus (ULTI)
Stifel Nicolaus boosted their price objective on shares of Ultimate Software Group (NASDAQ:ULTI) to $175.00 in a research note issued on Wednesday, StockRatingsNetwork reports. Stifel Nicolaus’ target price would suggest a potential upside of 14.24% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at Credit Suisse raised their price target on shares of Ultimate Software Group from $150.00 to $160.00 in a research note to investors on Monday. They now have an “outperform” rating on the stock. Separately, analysts at Wedbush raised their price target on shares of Ultimate Software Group from $113.00 to $139.00 in a research note to investors on Thursday, October 24th. They now have a “neutral” rating on the stock. Finally, analysts at Northland Securities raised their price target on shares of Ultimate Software Group from $140.00 to $165.00 in a research note to investors on Friday, October 18th. They now have a “buy” rating on the stock. Four analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $149.60.
Ultimate Software Group (NASDAQ:ULTI) opened at 153.18 on Wednesday. Ultimate Software Group has a one year low of $85.08 and a one year high of $148.41. The stock has a 50-day moving average of $142.3 and a 200-day moving average of $117.. The company has a market cap of $4.264 billion and a price-to-earnings ratio of 213.34.
Ultimate Software Group (NASDAQ:ULTI) last announced its earnings results on Tuesday, October 29th. The company reported $0.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.03. The company had revenue of $103.11 million for the quarter, compared to the consensus estimate of $102.99 million. During the same quarter last year, the company posted $0.29 earnings per share. Ultimate Software Group’s revenue was up 24.8% compared to the same quarter last year. On average, analysts predict that Ultimate Software Group will post $1.41 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).
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