The Ultimate Software Group, Inc. (NASDAQ:ULTI)‘s stock had its “hold” rating restated by equities researchers at Robert W. Baird in a research report issued on Friday. They presently have a $210.00 price objective on the technology company’s stock. Robert W. Baird’s target price points to a potential upside of 1.56% from the stock’s current price.

ULTI has been the subject of several other research reports. Zacks Investment Research raised The Ultimate Software Group from a “sell” rating to a “hold” rating in a research note on Wednesday, October 11th. Royal Bank Of Canada reissued a “buy” rating and issued a $216.00 price target on shares of The Ultimate Software Group in a research note on Tuesday, October 10th. Piper Jaffray Companies reissued an “overweight” rating and issued a $250.00 price target on shares of The Ultimate Software Group in a research note on Saturday, July 22nd. BidaskClub raised The Ultimate Software Group from a “sell” rating to a “hold” rating in a research note on Wednesday, August 23rd. Finally, ValuEngine raised The Ultimate Software Group from a “sell” rating to a “hold” rating in a research note on Friday, September 1st. Seven analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $234.89.

The Ultimate Software Group (NASDAQ ULTI) traded up $3.66 during midday trading on Friday, hitting $206.78. 551,464 shares of the company were exchanged, compared to its average volume of 289,555. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.15 and a current ratio of 1.18. The stock has a market capitalization of $6,288.81, a PE ratio of 200.80, a P/E/G ratio of 19.60 and a beta of 1.09.

The Ultimate Software Group (NASDAQ:ULTI) last issued its earnings results on Wednesday, November 1st. The technology company reported $1.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.88 by $0.17. The business had revenue of $236.11 million during the quarter, compared to analysts’ expectations of $232.92 million. The Ultimate Software Group had a return on equity of 6.84% and a net margin of 3.31%. The business’s revenue for the quarter was up 19.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.78 EPS. analysts expect that The Ultimate Software Group will post 0.54 earnings per share for the current year.

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Several hedge funds have recently bought and sold shares of ULTI. Creative Planning lifted its holdings in shares of The Ultimate Software Group by 257.4% in the second quarter. Creative Planning now owns 504 shares of the technology company’s stock valued at $106,000 after purchasing an additional 363 shares in the last quarter. Huntington National Bank lifted its holdings in shares of The Ultimate Software Group by 24.7% in the second quarter. Huntington National Bank now owns 857 shares of the technology company’s stock valued at $180,000 after purchasing an additional 170 shares in the last quarter. Benjamin F. Edwards & Company Inc. lifted its holdings in shares of The Ultimate Software Group by 23.1% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 873 shares of the technology company’s stock valued at $183,000 after purchasing an additional 164 shares in the last quarter. FineMark National Bank & Trust bought a new position in shares of The Ultimate Software Group in the second quarter valued at approximately $200,000. Finally, ETRADE Capital Management LLC bought a new position in shares of The Ultimate Software Group in the second quarter valued at approximately $201,000.

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.

Analyst Recommendations for The Ultimate Software Group (NASDAQ:ULTI)

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