Brokerages Expect The Ultimate Software Group, Inc. (ULTI) Will Post Quarterly Sales of $244.69 Million

Equities analysts predict that The Ultimate Software Group, Inc. (NASDAQ:ULTI) will report $244.69 million in sales for the current fiscal quarter, Zacks Investment Research reports. Eleven analysts have made estimates for The Ultimate Software Group’s earnings, with estimates ranging from $244.00 million to $246.40 million. The Ultimate Software Group reported sales of $210.55 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 16.2%. The company is expected to issue its next earnings report after the market closes on Tuesday, February 6th.

According to Zacks, analysts expect that The Ultimate Software Group will report full-year sales of $244.69 million for the current year, with estimates ranging from $933.30 million to $935.70 million. For the next financial year, analysts forecast that the company will report sales of $1.11 billion per share, with estimates ranging from $1.11 billion to $1.12 billion. Zacks’ sales calculations are an average based on a survey of sell-side analysts that that provide coverage for The Ultimate Software Group.

The Ultimate Software Group (NASDAQ:ULTI) last posted its quarterly earnings data on Wednesday, November 1st. The technology company reported $1.05 earnings per share for the quarter, topping the Zacks’ consensus estimate 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 return on equity of 6.84% and a net margin of 3.31%. The business’s quarterly revenue was up 19.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.78 EPS.

A number of analysts have recently weighed in on ULTI shares. Zacks Investment Research cut The Ultimate Software Group from a “hold” rating to a “sell” rating in a research report on Thursday, October 5th. Royal Bank of Canada reissued a “buy” rating and issued a $216.00 price objective on shares of The Ultimate Software Group in a research report on Tuesday, October 10th. Wells Fargo & Co reissued an “outperform” rating and issued a $240.00 price objective (up previously from $230.00) on shares of The Ultimate Software Group in a research report on Thursday, November 2nd. Stifel Nicolaus raised their price objective on The Ultimate Software Group from $235.00 to $250.00 and gave the stock a “buy” rating in a research report on Thursday, November 2nd. Finally, Wedbush restated an “outperform” rating and issued a $220.00 target price (down previously from $226.00) on shares of The Ultimate Software Group in a research note on Thursday, November 2nd. One research analyst has rated the stock with a sell rating, five have issued a hold rating and eighteen have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $232.37.

In other The Ultimate Software Group news, VP Robert Manne sold 5,000 shares of The Ultimate Software Group stock in a transaction dated Friday, November 3rd. The stock was sold at an average price of $206.08, for a total transaction of $1,030,400.00. Following the completion of the transaction, the vice president now owns 76,484 shares in the company, valued at approximately $15,761,822.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Scott Scherr sold 43,537 shares of The Ultimate Software Group stock in a transaction dated Tuesday, November 7th. The shares were sold at an average price of $196.21, for a total value of $8,542,394.77. Following the transaction, the chairman now owns 426,427 shares of the company’s stock, valued at approximately $83,669,241.67. The disclosure for this sale can be found here. Insiders have sold a total of 116,259 shares of company stock valued at $22,912,048 in the last quarter. Company insiders own 4.90% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ULTI. Bank of Montreal Can grew its position in shares of The Ultimate Software Group by 28.9% during the 4th quarter. Bank of Montreal Can now owns 15,445 shares of the technology company’s stock valued at $3,370,000 after acquiring an additional 3,463 shares during the period. Summit Creek Advisors LLC grew its position in shares of The Ultimate Software Group by 25.2% during the 4th quarter. Summit Creek Advisors LLC now owns 64,790 shares of the technology company’s stock valued at $14,139,000 after acquiring an additional 13,055 shares during the period. AXA grew its position in shares of The Ultimate Software Group by 16.6% during the 3rd quarter. AXA now owns 292,160 shares of the technology company’s stock valued at $55,394,000 after acquiring an additional 41,532 shares during the period. GSA Capital Partners LLP acquired a new stake in shares of The Ultimate Software Group during the 3rd quarter valued at about $232,000. Finally, Fieldpoint Private Securities LLC acquired a new stake in shares of The Ultimate Software Group during the 3rd quarter valued at about $833,000.

The Ultimate Software Group (NASDAQ:ULTI) traded down $3.50 during trading on Tuesday, hitting $222.78. The stock had a trading volume of 267,242 shares, compared to its average volume of 210,310. 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 firm has a market cap of $6,750.00, a PE ratio of 229.67, a price-to-earnings-growth ratio of 8.45 and a beta of 1.08. The Ultimate Software Group has a 52-week low of $181.59 and a 52-week high of $233.42.

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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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