Equities analysts forecast that The Ultimate Software Group, Inc. (NASDAQ:ULTI) will report $228.02 million in sales for the current quarter, Zacks Investment Research reports. Ten analysts have provided estimates for The Ultimate Software Group’s earnings, with the highest sales estimate coming in at $228.20 million and the lowest estimate coming in at $227.97 million. The Ultimate Software Group posted sales of $186.54 million during the same quarter last year, which suggests a positive year-over-year growth rate of 22.2%. The company is scheduled to issue its next earnings results after the market closes on Tuesday, August 1st.

According to Zacks, analysts expect that The Ultimate Software Group will report full-year sales of $228.02 million for the current year, with estimates ranging from $964.89 million to $970.20 million. For the next fiscal year, analysts anticipate that the company will report sales of $1.18 billion per share, with estimates ranging from $1.15 billion to $1.19 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research firms that that provide coverage for The Ultimate Software Group.

The Ultimate Software Group (NASDAQ:ULTI) last released its quarterly earnings data on Tuesday, April 25th. The technology company reported $0.75 EPS for the quarter, beating the consensus estimate of $0.73 by $0.02. The Ultimate Software Group had a return on equity of 6.88% and a net margin of 3.23%. The company had revenue of $228.49 million for the quarter, compared to analyst estimates of $228.87 million. During the same period last year, the company posted $0.73 earnings per share. The firm’s revenue was up 22.0% compared to the same quarter last year.

A number of research firms have weighed in on ULTI. Royal Bank Of Canada reissued a “buy” rating and set a $233.00 target price on shares of The Ultimate Software Group in a research report on Monday, May 29th. ValuEngine raised shares of The Ultimate Software Group from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. BidaskClub raised shares of The Ultimate Software Group from a “buy” rating to a “strong-buy” rating in a research report on Saturday, June 24th. Pacific Crest reaffirmed an “overweight” rating and set a $255.00 price objective (up previously from $240.00) on shares of The Ultimate Software Group in a research report on Monday, June 26th. Finally, SunTrust Banks, Inc. began coverage on shares of The Ultimate Software Group in a research report on Monday, June 26th. They set a “buy” rating and a $240.00 price objective for the company. Three research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $239.36.

In related news, Director James A. Fitzpatrick, Jr. sold 4,630 shares of the stock in a transaction that occurred on Thursday, April 27th. The shares were sold at an average price of $198.95, for a total value of $921,138.50. Following the transaction, the director now directly owns 15,421 shares in the company, valued at $3,068,007.95. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Adam Rogers sold 3,482 shares of the stock in a transaction that occurred on Thursday, April 27th. The shares were sold at an average price of $198.92, for a total transaction of $692,639.44. Following the completion of the transaction, the vice president now owns 51,477 shares in the company, valued at $10,239,804.84. The disclosure for this sale can be found here. 5.60% of the stock is owned by corporate insiders.

A number of large investors have recently bought and sold shares of the company. Acrospire Investment Management LLC raised its stake in The Ultimate Software Group by 50.0% in the first quarter. Acrospire Investment Management LLC now owns 600 shares of the technology company’s stock valued at $117,000 after buying an additional 200 shares during the period. Benjamin F. Edwards & Company Inc. raised its stake in The Ultimate Software Group by 1,318.0% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 709 shares of the technology company’s stock valued at $138,000 after buying an additional 659 shares during the period. Sphera Funds Management LTD. purchased a new stake in The Ultimate Software Group during the first quarter valued at $156,000. Ladenburg Thalmann Financial Services Inc. raised its stake in The Ultimate Software Group by 11.7% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 859 shares of the technology company’s stock valued at $156,000 after buying an additional 90 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its stake in The Ultimate Software Group by 24.6% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,090 shares of the technology company’s stock valued at $213,000 after buying an additional 215 shares during the period.

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Shares of The Ultimate Software Group (ULTI) opened at 214.33 on Wednesday. The stock has a market capitalization of $6.37 billion, a price-to-earnings ratio of 212.21 and a beta of 1.07. The stock’s 50 day moving average price is $215.78 and its 200-day moving average price is $200.84. The Ultimate Software Group has a 12 month low of $180.29 and a 12 month high of $225.62.

The Ultimate Software Group Company Profile

The Ultimate Software Group, Inc (Ultimate) is a cloud provider of people management solutions, referred to as human capital management (HCM). The Company’s UltiPro product suite (UltiPro) is an engaging solution that has human resources (HR), payroll and benefits management. As of December 31, 2016, UltiPro included global people management, available in 14 languages with more than 35 country-specific localizations.

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Earnings History and Estimates for The Ultimate Software Group (NASDAQ:ULTI)

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