The Ultimate Software Group Director Unloads $3,413,400 in Stock (ULTI)
The Ultimate Software Group (NASDAQ:ULTI) Director Rick Wilber unloaded 20,000 shares of the company’s stock on the open market in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $170.67, for a total value of $3,413,400.00. Following the sale, the director now directly owns 130,867 shares in the company, valued at approximately $22,335,071. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
A number of research firms have recently commented on ULTI. Analysts at Zacks upgraded shares of The Ultimate Software Group from a “neutral” rating to an “outperform” rating in a research note on Monday, February 10th. They now have a $164.30 price target on the stock. Separately, analysts at Stifel Nicolaus raised their price target on shares of The Ultimate Software Group from $175.00 to $182.00 in a research note on Wednesday, February 5th. They now have a “buy” rating on the stock. Finally, analysts at Canaccord Genuity raised their price target on shares of The Ultimate Software Group from $175.00 to $185.00 in a research note on Wednesday, February 5th. Four analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $154.82.
The Ultimate Software Group (NASDAQ:ULTI) traded down 1.53% on Tuesday, hitting $168.18. The stock had a trading volume of 33,464 shares. The Ultimate Software Group has a 1-year low of $91.59 and a 1-year high of $171.74. The stock has a 50-day moving average of $158.6 and a 200-day moving average of $151.. The company has a market cap of $4.710 billion and a price-to-earnings ratio of 194.08.
The Ultimate Software Group (NASDAQ:ULTI) last posted its quarterly earnings results on Tuesday, February 4th. The company reported $0.54 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.41 by $0.13. The company had revenue of $11.90 million for the quarter, compared to the consensus estimate of $110.57 million. During the same quarter last year, the company posted $0.38 earnings per share. The Ultimate Software Group’s revenue was up 21.4% compared to the same quarter last year. Analysts expect that The Ultimate Software Group will post $1.98 EPS 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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