The Ultimate Software Group, Inc. (NASDAQ:ULTI) is scheduled to announce its earnings results after the market closes on Tuesday, August 1st. Analysts expect the company to announce earnings of $0.91 per share for the quarter.

The Ultimate Software Group (NASDAQ:ULTI) last announced its quarterly earnings results on Tuesday, April 25th. The technology company reported $0.75 earnings per share for the quarter, beating analysts’ consensus estimates 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 business had revenue of $228.49 million during the quarter, compared to analysts’ expectations of $228.87 million. During the same quarter last year, the business posted $0.73 earnings per share. The business’s revenue for the quarter was up 22.0% on a year-over-year basis. On average, analysts expect The Ultimate Software Group to post $3.98 EPS for the current fiscal year and $4.93 EPS for the next fiscal year.

The Ultimate Software Group, Inc. (NASDAQ ULTI) opened at 227.81 on Tuesday. The stock has a 50 day moving average price of $215.97 and a 200-day moving average price of $204.57. The Ultimate Software Group, Inc. has a 12 month low of $180.29 and a 12 month high of $228.23. The stock has a market cap of $6.77 billion, a PE ratio of 225.55 and a beta of 1.08.

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Several analysts have recently weighed in on ULTI shares. Royal Bank Of Canada restated a “buy” rating and issued a $233.00 price objective on shares of The Ultimate Software Group in a report on Monday, May 29th. Canaccord Genuity restated a “buy” rating and issued a $240.00 price objective on shares of The Ultimate Software Group in a report on Thursday, May 25th. Guggenheim restated a “buy” rating and issued a $230.00 price objective on shares of The Ultimate Software Group in a report on Tuesday, April 18th. MKM Partners restated a “buy” rating and issued a $250.00 price objective on shares of The Ultimate Software Group in a report on Friday, April 14th. Finally, BidaskClub lowered The Ultimate Software Group from a “strong-buy” rating to a “buy” rating in a report on Tuesday, June 13th. Three analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $240.69.

In related news, VP Adam Rogers sold 3,482 shares of the company’s stock in a transaction on Thursday, April 27th. The stock was sold at an average price of $198.92, for a total transaction of $692,639.44. Following the transaction, the vice president now directly owns 51,477 shares of the company’s stock, valued at $10,239,804.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director James A. Fitzpatrick, Jr. sold 4,630 shares of the company’s stock in a transaction 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 disclosure for this sale can be found here. 5.60% of the stock is currently owned by insiders.

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.

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

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