The Ultimate Software Group (ULTI) Rating Increased to Buy at Mizuho

The Ultimate Software Group (NASDAQ:ULTI) was upgraded by Mizuho from a “neutral” rating to a “buy” rating in a research note issued on Monday, The Fly reports.

Other analysts have also recently issued research reports about the stock. Wedbush reiterated an “outperform” rating and issued a $220.00 price target (down previously from $226.00) on shares of The Ultimate Software Group in a research note on Thursday, November 2nd. Royal Bank of Canada raised their target price on shares of The Ultimate Software Group from $210.00 to $220.00 and gave the stock an “outperform” rating in a research note on Thursday, November 2nd. SunTrust Banks restated a “buy” rating and set a $225.00 target price on shares of The Ultimate Software Group in a research note on Friday, November 3rd. Robert W. Baird restated a “hold” rating and set a $210.00 target price on shares of The Ultimate Software Group in a research note on Friday, November 3rd. Finally, Wells Fargo & Co restated an “outperform” rating and set a $240.00 target price (up previously from $230.00) on shares of The Ultimate Software Group in a research note on Thursday, November 2nd. One analyst has rated the stock with a sell rating, five have assigned a hold rating and eighteen have given a buy rating to the company. The Ultimate Software Group has an average rating of “Buy” and a consensus target price of $231.58.

Shares of The Ultimate Software Group (ULTI) opened at $220.78 on Monday. The company has a market cap of $6,595.98, a price-to-earnings ratio of 227.61, a price-to-earnings-growth ratio of 8.24 and a beta of 1.08. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.18 and a quick ratio of 1.18. The Ultimate Software Group has a 12 month low of $181.59 and a 12 month high of $233.42.

The Ultimate Software Group (NASDAQ:ULTI) last announced its quarterly earnings results on Wednesday, November 1st. The technology company reported $1.05 EPS for the quarter, beating analysts’ consensus estimates of $0.88 by $0.17. The firm had revenue of $236.11 million during the quarter, compared to analysts’ expectations of $232.92 million. The Ultimate Software Group had a net margin of 3.31% and a return on equity of 6.84%. The company’s revenue for the quarter was up 19.9% compared to the same quarter last year. During the same quarter last year, the company posted $0.78 earnings per share. equities research analysts expect that The Ultimate Software Group will post 0.63 EPS for the current year.

In related news, VP Robert Manne sold 5,000 shares of The Ultimate Software Group stock in a transaction that occurred on Friday, November 3rd. The shares were sold at an average price of $206.08, for a total transaction of $1,030,400.00. Following the sale, the vice president now directly owns 76,484 shares of the company’s stock, valued at approximately $15,761,822.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Mitchell K. Dauerman sold 15,480 shares of The Ultimate Software Group stock in a transaction that occurred on Tuesday, November 7th. The shares were sold at an average price of $196.00, for a total transaction of $3,034,080.00. Following the sale, the chief financial officer now directly owns 122,045 shares in the company, valued at $23,920,820. The disclosure for this sale can be found here. Over the last three months, insiders sold 116,259 shares of company stock worth $22,912,048. Insiders own 4.90% of the company’s stock.

Institutional investors have recently made changes to their positions in the stock. AXA boosted its position in The Ultimate Software Group by 16.6% during the 3rd quarter. AXA now owns 292,160 shares of the technology company’s stock worth $55,394,000 after buying an additional 41,532 shares during the period. GSA Capital Partners LLP acquired a new stake in The Ultimate Software Group during the 3rd quarter worth approximately $232,000. Fieldpoint Private Securities LLC acquired a new stake in The Ultimate Software Group during the 3rd quarter worth approximately $833,000. DF Dent & Co. Inc. boosted its position in The Ultimate Software Group by 12.3% during the 3rd quarter. DF Dent & Co. Inc. now owns 2,787 shares of the technology company’s stock worth $528,000 after buying an additional 305 shares during the period. Finally, California Public Employees Retirement System boosted its position in The Ultimate Software Group by 3.0% during the 3rd quarter. California Public Employees Retirement System now owns 78,352 shares of the technology company’s stock worth $14,856,000 after buying an additional 2,252 shares during the period.

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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.