The Ultimate Software Group, Inc. (NASDAQ:ULTI) – Analysts at KeyCorp lowered their Q3 2017 earnings per share (EPS) estimates for shares of The Ultimate Software Group in a research report issued to clients and investors on Wednesday. KeyCorp analyst T. Upton now expects that the technology company will post earnings per share of $0.15 for the quarter, down from their previous forecast of $0.30. KeyCorp currently has a “Buy” rating on the stock. KeyCorp also issued estimates for The Ultimate Software Group’s Q4 2017 earnings at $0.21 EPS, FY2017 earnings at $0.59 EPS, Q1 2018 earnings at $0.08 EPS, Q2 2018 earnings at $0.31 EPS, Q3 2018 earnings at $0.27 EPS, Q4 2018 earnings at $0.40 EPS and FY2018 earnings at $1.06 EPS.

ULTI has been the subject of a number of other research reports. Piper Jaffray Companies reiterated an “overweight” rating and set a $250.00 price target on shares of The Ultimate Software Group in a research note on Saturday, July 22nd. Mitsubishi UFJ Financial Group reiterated an “overweight” rating on shares of The Ultimate Software Group in a research note on Tuesday, April 25th. Credit Suisse Group reiterated an “outperform” rating and set a $245.00 price target (down previously from $260.00) on shares of The Ultimate Software Group in a research note on Wednesday, August 2nd. Stephens reiterated an “equal weight” rating and set a $203.00 price target (down previously from $215.00) on shares of The Ultimate Software Group in a research note on Wednesday, August 2nd. Finally, Zacks Investment Research upgraded The Ultimate Software Group from a “strong sell” rating to a “hold” rating in a research note on Wednesday, June 28th. Five investment analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. The Ultimate Software Group presently has a consensus rating of “Buy” and an average target price of $236.78.

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The Ultimate Software Group (NASDAQ:ULTI) opened at 196.24 on Monday. The Ultimate Software Group has a 12 month low of $180.29 and a 12 month high of $233.42. The firm has a market capitalization of $5.84 billion, a PE ratio of 202.52 and a beta of 1.08. The company’s 50-day moving average price is $217.85 and its 200 day moving average price is $206.02.

The Ultimate Software Group (NASDAQ:ULTI) last issued its quarterly earnings results on Tuesday, August 1st. The technology company reported $0.18 EPS for the quarter, missing the consensus estimate of $0.21 by $0.03. The Ultimate Software Group had a net margin of 3.47% and a return on equity of 7.20%. The company had revenue of $224.70 million for the quarter, compared to analyst estimates of $228.02 million. During the same period last year, the company posted $0.76 earnings per share. The business’s revenue for the quarter was up 20.4% on a year-over-year basis.

A number of large investors have recently modified their holdings of the stock. Sumitomo Mitsui Asset Management Company LTD boosted its stake in shares of The Ultimate Software Group by 463.8% in the first quarter. Sumitomo Mitsui Asset Management Company LTD now owns 109,036 shares of the technology company’s stock worth $21,284,000 after buying an additional 89,696 shares during the last quarter. Russell Investments Group Ltd. boosted its position in The Ultimate Software Group by 24.1% in the first quarter. Russell Investments Group Ltd. now owns 200,846 shares of the technology company’s stock valued at $39,212,000 after buying an additional 39,052 shares during the last quarter. Profund Advisors LLC boosted its position in The Ultimate Software Group by 11.7% in the first quarter. Profund Advisors LLC now owns 4,059 shares of the technology company’s stock valued at $792,000 after buying an additional 425 shares during the last quarter. NBW Capital LLC boosted its position in The Ultimate Software Group by 6.5% in the first quarter. NBW Capital LLC now owns 27,238 shares of the technology company’s stock valued at $5,317,000 after buying an additional 1,669 shares during the last quarter. Finally, Retirement Systems of Alabama boosted its position in The Ultimate Software Group by 2.3% in the first quarter. Retirement Systems of Alabama now owns 38,296 shares of the technology company’s stock valued at $7,476,000 after buying an additional 848 shares during the last quarter.

In other The Ultimate Software Group news, Director James A. Fitzpatrick, Jr. sold 4,613 shares of the business’s stock in a transaction on Thursday, August 3rd. The shares were sold at an average price of $200.39, for a total transaction of $924,399.07. Following the sale, the director now owns 15,000 shares of the company’s stock, valued at approximately $3,005,850. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Robert Manne sold 5,000 shares of the business’s stock in a transaction on Thursday, August 3rd. The shares were sold at an average price of $200.39, for a total transaction of $1,001,950.00. Following the sale, the vice president now directly owns 78,633 shares in the company, valued at approximately $15,757,266.87. The disclosure for this sale can be found here. Insiders own 5.60% of the company’s stock.

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

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