The Ultimate Software Group, Inc. (ULTI) to Release Earnings on Monday
The Ultimate Software Group, Inc. (NASDAQ:ULTI) will release its earnings data after the market closes on Monday, October 30th. Analysts expect The Ultimate Software Group to post earnings of $0.88 per share for the quarter.
The Ultimate Software Group (NASDAQ:ULTI) last released its earnings results on Tuesday, August 1st. The technology company reported $0.18 earnings per share 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 during the quarter, compared to analyst estimates of $228.02 million. During the same period in the previous year, the company posted $0.76 EPS. The company’s quarterly revenue was up 20.4% compared to the same quarter last year. On average, analysts expect The Ultimate Software Group to post $0.53 EPS for the current fiscal year and $1.47 EPS for the next fiscal year.
The Ultimate Software Group, Inc. (NASDAQ ULTI) opened at 193.42 on Monday. The firm has a market cap of $5.77 billion, a price-to-earnings ratio of 199.61 and a beta of 1.07. The Ultimate Software Group, Inc. has a 1-year low of $180.29 and a 1-year high of $233.42. The firm has a 50-day moving average price of $191.05 and a 200 day moving average price of $204.87.
Several brokerages have commented on ULTI. KeyCorp set a $255.00 target price on The Ultimate Software Group and gave the stock a “buy” rating in a report on Thursday, July 27th. Roth Capital lifted their target price on The Ultimate Software Group from $254.00 to $280.00 and gave the stock a “buy” rating in a report on Monday, July 31st. Stephens reaffirmed an “equal weight” rating and set a $203.00 target price (down from $215.00) on shares of The Ultimate Software Group in a report on Wednesday, August 2nd. Deutsche Bank AG downgraded The Ultimate Software Group from a “buy” rating to a “hold” rating and cut their target price for the stock from $230.00 to $210.00 in a report on Wednesday, August 2nd. Finally, Royal Bank Of Canada cut their target price on The Ultimate Software Group from $233.00 to $216.00 and set an “outperform” rating on the stock in a report on Wednesday, August 2nd. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and sixteen have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $234.94.
In related news, Director James A. Fitzpatrick, Jr. sold 4,613 shares of the company’s stock in a transaction that occurred on Thursday, August 3rd. The stock was sold at an average price of $200.39, for a total transaction of $924,399.07. Following the transaction, the director now directly owns 15,000 shares of the company’s stock, valued at approximately $3,005,850. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP Robert Manne sold 5,000 shares of the company’s stock in a transaction that occurred on Thursday, August 3rd. The stock was sold at an average price of $200.39, for a total value of $1,001,950.00. Following 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. 4.90% of the stock is currently owned by corporate insiders.
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About The Ultimate Software Group
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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