The Ultimate Software Group, Inc. (ULTI) Receives Consensus Rating of “Buy” from Analysts

Shares of The Ultimate Software Group, Inc. (NASDAQ:ULTI) have earned a consensus recommendation of “Buy” from the twenty-four analysts that are covering the company, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, five have given a hold recommendation and seventeen have issued a buy recommendation on the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $243.90.

Several research analysts have issued reports on the company. Mizuho reissued a “hold” rating and issued a $200.00 target price on shares of The Ultimate Software Group in a research report on Wednesday, December 6th. Robert W. Baird reissued a “hold” rating and issued a $210.00 target price on shares of The Ultimate Software Group in a research report on Friday, November 3rd. Piper Jaffray Companies reaffirmed an “overweight” rating and issued a $250.00 price objective on shares of The Ultimate Software Group in a research note on Tuesday, January 16th. Royal Bank of Canada raised their price objective on The Ultimate Software Group to $260.00 and gave the stock a “positive” rating in a research note on Tuesday, January 30th. Finally, Zacks Investment Research downgraded The Ultimate Software Group from a “hold” rating to a “sell” rating in a research note on Thursday, October 19th.

Shares of The Ultimate Software Group (NASDAQ ULTI) traded down $2.97 during trading hours on Friday, reaching $219.12. The company’s stock had a trading volume of 275,036 shares, compared to its average volume of 290,195. The stock has a market capitalization of $6,936.26, a PE ratio of 457.08, a price-to-earnings-growth ratio of 8.61 and a beta of 1.07. 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 fifty-two week low of $181.59 and a fifty-two week high of $242.93.

The Ultimate Software Group (NASDAQ:ULTI) last announced its earnings results on Tuesday, February 6th. The technology company reported $1.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.87 by $0.24. The business had revenue of $251.43 million for the quarter, compared to analysts’ expectations of $244.83 million. The Ultimate Software Group had a return on equity of 5.31% and a net margin of 1.59%. The business’s revenue for the quarter was up 19.4% on a year-over-year basis. During the same period last year, the firm posted $0.91 earnings per share. equities analysts forecast that The Ultimate Software Group will post 1.32 earnings per share 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 Thursday, February 8th. The stock was sold at an average price of $228.85, for a total transaction of $1,144,250.00. Following the sale, the vice president now owns 63,873 shares of the company’s stock, valued at approximately $14,617,336.05. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director James A. Fitzpatrick, Jr. sold 4,230 shares of The Ultimate Software Group stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $228.63, for a total value of $967,104.90. Following the sale, the director now directly owns 9,145 shares in the company, valued at approximately $2,090,821.35. The disclosure for this sale can be found here. 4.90% of the stock is currently owned by company insiders.

Institutional investors and hedge funds have recently modified their holdings of the stock. Westpac Banking Corp increased its stake in shares of The Ultimate Software Group by 88.2% in the third quarter. Westpac Banking Corp now owns 25,633 shares of the technology company’s stock valued at $4,860,000 after purchasing an additional 12,012 shares during the period. Bamco Inc. NY grew its stake in The Ultimate Software Group by 32.6% during the third quarter. Bamco Inc. NY now owns 520,740 shares of the technology company’s stock worth $98,732,000 after buying an additional 128,099 shares in the last quarter. Bank of Nova Scotia acquired a new stake in The Ultimate Software Group during the second quarter worth about $1,884,000. Quantbot Technologies LP acquired a new stake in The Ultimate Software Group during the third quarter worth about $1,161,000. Finally, Schroder Investment Management Group acquired a new stake in The Ultimate Software Group during the third quarter worth about $493,000.

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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.

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

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