Q1 2018 EPS Estimates for The Ultimate Software Group, Inc. (ULTI) Boosted by Analyst

The Ultimate Software Group, Inc. (NASDAQ:ULTI) – Equities research analysts at Oppenheimer raised their Q1 2018 earnings per share (EPS) estimates for The Ultimate Software Group in a research note issued to investors on Wednesday. Oppenheimer analyst B. Schwartz now expects that the technology company will post earnings of $0.25 per share for the quarter, up from their previous forecast of $0.23. Oppenheimer also issued estimates for The Ultimate Software Group’s Q2 2018 earnings at $0.40 EPS, Q3 2018 earnings at $0.52 EPS, Q4 2018 earnings at $0.61 EPS, FY2018 earnings at $1.79 EPS, Q1 2019 earnings at $0.33 EPS, Q2 2019 earnings at $0.48 EPS, Q3 2019 earnings at $0.65 EPS, Q4 2019 earnings at $0.83 EPS and FY2019 earnings at $2.29 EPS.

Several other analysts also recently commented on ULTI. Stifel Nicolaus increased their target price on The Ultimate Software Group from $235.00 to $250.00 and gave the company a “buy” rating in a research note on Thursday, November 2nd. Mizuho reiterated a “hold” rating and set a $200.00 target price on shares of The Ultimate Software Group in a research note on Thursday, December 14th. BidaskClub upgraded The Ultimate Software Group from a “hold” rating to a “buy” rating in a research note on Thursday, December 21st. Canaccord Genuity increased their target price on The Ultimate Software Group from $225.00 to $240.00 and gave the company a “buy” rating in a research note on Thursday, November 2nd. 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. One analyst has rated the stock with a sell rating, five have assigned a hold rating and seventeen have given a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $243.90.

Shares of The Ultimate Software Group (ULTI) opened at $228.87 on Monday. 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 capitalization of $6,837.72, a P/E ratio of 476.81, a P/E/G ratio of 7.38 and a beta of 1.07. The Ultimate Software Group has a 52 week low of $181.59 and a 52 week high of $242.93.

The Ultimate Software Group (NASDAQ:ULTI) last posted its quarterly earnings results on Tuesday, February 6th. The technology company reported $1.11 earnings per share for the quarter, topping the consensus estimate of $0.87 by $0.24. The company had revenue of $251.43 million for the quarter, compared to the consensus estimate of $244.83 million. The Ultimate Software Group had a return on equity of 5.31% and a net margin of 1.59%. The firm’s quarterly revenue was up 19.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.91 EPS.

In related news, Director James A. Fitzpatrick, Jr. sold 4,230 shares of the firm’s stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $228.63, for a total value of $967,104.90. Following the transaction, the director now directly owns 9,145 shares of the company’s stock, valued at approximately $2,090,821.35. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Robert Manne sold 5,000 shares of the firm’s stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $228.85, for a total value of $1,144,250.00. Following the completion of the transaction, the vice president now directly owns 63,873 shares in the company, valued at $14,617,336.05. The disclosure for this sale can be found here. 4.90% of the stock is owned by corporate insiders.

Institutional investors have recently made changes to their positions in the stock. Zions Bancorporation bought a new position in The Ultimate Software Group in the 3rd quarter worth $182,000. CIBC Asset Management Inc bought a new position in The Ultimate Software Group in the 4th quarter worth $213,000. FineMark National Bank & Trust bought a new position in The Ultimate Software Group in the 4th quarter worth $217,000. Nomura Holdings Inc. bought a new position in The Ultimate Software Group in the 2nd quarter worth $229,000. Finally, Banque Pictet & Cie SA bought a new position in The Ultimate Software Group in the 3rd quarter worth $209,000.

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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.

Earnings History and Estimates for The Ultimate Software Group (NASDAQ:ULTI)

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