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Equities research analysts at Wedbush increased their price objective on shares of The Ultimate Software Group (NASDAQ:ULTI) from $129.00 to $139.00 in a research note issued to investors on Thursday. Wedbush’s price objective indicates a potential downside of 3.31% from the company’s current price.

ULTI has been the subject of a number of other recent research reports. Analysts at Robert W. Baird raised their price target on shares of The Ultimate Software Group from $132.00 to $140.00 in a research note on Thursday. Separately, 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. Finally, 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. Four investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $157.93.

Shares of 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 has a 50-day moving average of $134.0 and a 200-day moving average of $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 announced its earnings results 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.

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

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