Analysts expect The Ultimate Software Group, Inc. (NASDAQ:ULTI) to post $232.68 million in sales for the current fiscal quarter, Zacks reports. Eleven analysts have made estimates for The Ultimate Software Group’s earnings, with estimates ranging from $231.00 million to $234.31 million. The Ultimate Software Group reported sales of $196.99 million during the same quarter last year, which would suggest a positive year over year growth rate of 18.1%. The firm is expected to issue its next quarterly earnings report on Tuesday, November 7th.

On average, analysts expect that The Ultimate Software Group will report full year sales of $232.68 million for the current financial year, with estimates ranging from $930.70 million to $966.08 million. For the next year, analysts forecast that the business will post sales of $1.13 billion per share, with estimates ranging from $1.10 billion to $1.18 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research firms that that provide coverage for The Ultimate Software Group.

The Ultimate Software Group (NASDAQ:ULTI) last released its earnings results on Tuesday, August 1st. The technology company reported $0.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.21 by $0.03. The Ultimate Software Group had a return on equity of 7.20% and a net margin of 3.47%. The company had revenue of $224.70 million during the quarter, compared to analysts’ expectations of $228.02 million. During the same quarter in the previous year, the company earned $0.76 EPS. The firm’s quarterly revenue was up 20.4% compared to the same quarter last year.

Several research analysts have recently weighed in on ULTI shares. Wedbush reduced their price target on shares of The Ultimate Software Group from $240.00 to $236.00 and set an “outperform” rating for the company in a report on Wednesday, April 26th. Mitsubishi UFJ Financial Group reissued an “overweight” rating on shares of The Ultimate Software Group in a research report on Tuesday, April 25th. Zacks Investment Research lowered shares of The Ultimate Software Group from a “hold” rating to a “sell” rating in a research report on Tuesday, May 2nd. Wells Fargo & Company assumed coverage on shares of The Ultimate Software Group in a research report on Thursday, May 11th. They issued an “outperform” rating and a $240.00 price objective on the stock. Finally, Canaccord Genuity reissued a “buy” rating and issued a $240.00 price objective on shares of The Ultimate Software Group in a research report on Thursday, May 25th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and sixteen have assigned a buy rating to the stock. The Ultimate Software Group currently has an average rating of “Buy” and a consensus target price of $235.67.

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Shares of The Ultimate Software Group (ULTI) opened at 197.02 on Tuesday. The Ultimate Software Group has a 52-week low of $180.29 and a 52-week high of $233.42. The firm has a 50-day moving average of $209.86 and a 200-day moving average of $205.96. The stock has a market cap of $5.88 billion, a P/E ratio of 203.32 and a beta of 1.08.

In other news, Director James A. Fitzpatrick, Jr. sold 4,613 shares of the stock in a transaction dated Thursday, August 3rd. The shares were sold at an average price of $200.39, for a total value of $924,399.07. Following the transaction, the director now directly owns 15,000 shares of the company’s stock, valued at $3,005,850. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Robert Manne sold 5,000 shares of the stock in a transaction dated 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 completion of the transaction, the vice president now directly owns 78,633 shares in the company, valued at $15,757,266.87. The disclosure for this sale can be found here. Corporate insiders own 4.90% of the company’s stock.

Several institutional investors have recently modified their holdings of the stock. Dynamic Technology Lab Private Ltd bought a new position in shares of The Ultimate Software Group during the second quarter valued at $883,000. Wasatch Advisors Inc. raised its position in shares of The Ultimate Software Group by 4.0% in the second quarter. Wasatch Advisors Inc. now owns 885,221 shares of the technology company’s stock valued at $185,950,000 after buying an additional 33,692 shares during the last quarter. Public Employees Retirement System of Ohio raised its position in shares of The Ultimate Software Group by 32.7% in the second quarter. Public Employees Retirement System of Ohio now owns 83,464 shares of the technology company’s stock valued at $17,532,000 after buying an additional 20,566 shares during the last quarter. Ameritas Investment Partners Inc. raised its position in shares of The Ultimate Software Group by 2.0% in the second quarter. Ameritas Investment Partners Inc. now owns 8,893 shares of the technology company’s stock valued at $1,868,000 after buying an additional 172 shares during the last quarter. Finally, Nomura Holdings Inc. bought a new position in shares of The Ultimate Software Group during the second quarter valued at $229,000.

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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