Ultimate Software Group Price Target Raised to $180.00 at Northland Securities (ULTI)
Stock analysts at Northland Securities hoisted their target price on shares of Ultimate Software Group (NASDAQ:ULTI) from $165.00 to $180.00 in a report issued on Thursday, AR Network reports. Northland Securities’ price objective points to a potential upside of 17.48% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at Northland Capital Partners raised their price target on shares of Ultimate Software Group from $165.00 to $180.00 in a research note to investors on Thursday. They now have an “outperform” rating on the stock. Separately, 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. Finally, 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. Five analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $147.88.
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’s 50-day moving average is $152.9 and its 200-day moving average is $142.. The company has a market cap of $4.279 billion and a P/E ratio of 197.80.
Ultimate Software Group (NASDAQ:ULTI) last announced its earnings results on Tuesday, October 29th. The company reported $0.40 EPS for the quarter, beating the Thomson Reuters 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 in the prior year, the company posted $0.29 earnings per share. The company’s quarterly revenue was up 24.8% on a year-over-year basis.
The Ultimate Software Group, Inc (NASDAQ:ULTI) is a provider of cloud-based human capital management (HCM).
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