Northland Capital Partners Increases Ultimate Software Group Price Target to $180.00 (ULTI)
Research analysts at Northland Capital Partners lifted their price objective on shares of Ultimate Software Group (NASDAQ:ULTI) from $165.00 to $180.00 in a report released on Thursday, AnalystRatings.Net reports. The firm currently has an “outperform” rating on the stock. Northland Capital Partners’ target price indicates a potential upside of 17.48% from the company’s current price.
Shares of Ultimate Software Group (NASDAQ:ULTI) opened at 153.22 on Thursday. Ultimate Software Group has a 52 week low of $91.59 and a 52 week high of $162.88. The stock has a 50-day moving average of $152.9 and a 200-day moving average of $142.. The company has a market cap of $4.279 billion and a price-to-earnings ratio of 197.80.
Ultimate Software Group (NASDAQ:ULTI) last issued its quarterly earnings data 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.
ULTI has been the subject of a number of other recent research reports. Analysts at Roth Capital reiterated a “buy” rating on shares of Ultimate Software Group in a research note to investors on Tuesday, December 17th. They now have a $180.00 price target on the stock. Separately, analysts at Janney Montgomery Scott initiated coverage on shares of Ultimate Software Group in a research note to investors on Wednesday, December 11th. They set a “neutral” rating and a $151.03 price target on the stock. Finally, analysts at JMP Securities raised their price target on shares of Ultimate Software Group from $150.00 to $161.00 in a research note to investors on Wednesday, October 30th. They now have an “overweight” rating on the stock. Five research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $146.94.
The Ultimate Software Group, Inc (NASDAQ:ULTI) is a provider of cloud-based human capital management (HCM).
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