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Investment analysts at Robert W. Baird hoisted their target price on shares of The Ultimate Software Group (NASDAQ:ULTI) from $132.00 to $140.00 in a note issued to investors on Thursday. Robert W. Baird’s price objective suggests a potential downside of 2.62% from the stock’s previous close.

The Ultimate Software Group (NASDAQ:ULTI) opened at 143.76 on Thursday. The Ultimate Software Group has a 52 week low of $109.50 and a 52 week high of $171.96. The stock’s 50-day moving average is $134.0 and its 200-day moving average is $139.9. The company has a market cap of $4.075 billion and a price-to-earnings ratio of 141.03.

The Ultimate Software Group (NASDAQ:ULTI) last issued its quarterly earnings data on Tuesday, July 29th. The company reported $0.46 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.43 by $0.03. The company had revenue of $122.00 million for the quarter, compared to the consensus estimate of $120.20 million. During the same quarter in the prior year, the company posted $0.34 earnings per share. The company’s quarterly revenue was up 25.1% on a year-over-year basis. On average, analysts predict that The Ultimate Software Group will post $2.00 earnings per share for the current fiscal year.

A number of other analysts have also recently weighed in on ULTI. Analysts at Canaccord Genuity raised their price target on shares of The Ultimate Software Group from $150.00 to $155.00 in a research note on Wednesday. They now have a “buy” rating on the stock. Separately, analysts at Goldman Sachs cut their price target on shares of The Ultimate Software Group from $144.00 to $117.00 in a research note on Thursday, May 22nd. Finally, analysts at FBR Capital Markets initiated coverage on shares of The Ultimate Software Group in a research note on Wednesday, May 21st. They set a “market perform” rating and a $150.00 price target on the stock. Four analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $157.93.

The Ultimate Software Group, Inc (NASDAQ:ULTI) is a provider of cloud-based human capital management (HCM).

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