Research Analysts’ Weekly Ratings Updates for The Ultimate Software Group (ULTI)

The Ultimate Software Group (NASDAQ: ULTI) recently received a number of ratings updates from brokerages and research firms:

  • 2/8/2018 – The Ultimate Software Group had its price target raised by analysts at Bank of America Corp from $187.00 to $210.00. They now have an “underperform” rating on the stock.
  • 2/7/2018 – The Ultimate Software Group had its “hold” rating reaffirmed by analysts at Stephens. They now have a $240.00 price target on the stock.
  • 2/7/2018 – The Ultimate Software Group had its price target raised by analysts at Robert W. Baird from $210.00 to $235.00. They now have a “neutral” rating on the stock.
  • 2/7/2018 – The Ultimate Software Group had its price target raised by analysts at Canaccord Genuity from $240.00 to $245.00. They now have a “buy” rating on the stock.
  • 2/7/2018 – The Ultimate Software Group had its price target raised by analysts at SunTrust Banks, Inc. to $250.00. They now have a “buy” rating on the stock.
  • 2/7/2018 – The Ultimate Software Group had its “outperform” rating reaffirmed by analysts at Credit Suisse Group AG. They now have a $255.00 price target on the stock, up previously from $245.00.
  • 2/7/2018 – The Ultimate Software Group had its “outperform” rating reaffirmed by analysts at Wedbush. They now have a $234.00 price target on the stock, up previously from $226.00.
  • 2/7/2018 – The Ultimate Software Group had its “overweight” rating reaffirmed by analysts at Citigroup Inc. They now have a $232.00 price target on the stock.
  • 2/3/2018 – The Ultimate Software Group was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $252.00 price target on the stock. According to Zacks, “Ultimate Software is a leading provider of cloud-based human capital management solutions, with more than 33 million people records in the cloud. Ultimate’s award-winning UltiPro delivers HR, payroll, talent, and time and labor management solutions that connect people with the information they need to work more effectively. In 2017, Ultimate ranked #7 on Fortune’s 100 Best Companies to Work For list, its sixth consecutive year in the top 25; #7 on Forbes’ list of 100 Most Innovative Growth Companies; #2 on People’s 50 Companies That Care list; and the National Customer Service Association named Ultimate Service Organization of the Year in the Large-Business category. Ultimate has more than 3,700 customers with employees in 160 countries, including Bloomin’ Brands, Culligan International, Feeding America, Major League Baseball, Red Roof Inn, SUBWAY, Texas Roadhouse, and Yamaha Corporation of America. “
  • 1/31/2018 – The Ultimate Software Group had its “outperform” rating reaffirmed by analysts at Wells Fargo & Co. They now have a $290.00 price target on the stock, up previously from $240.00.
  • 1/30/2018 – The Ultimate Software Group had its price target raised by analysts at Royal Bank of Canada to $260.00. They now have a “positive” rating on the stock.
  • 1/18/2018 – The Ultimate Software Group was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 1/16/2018 – The Ultimate Software Group had its “overweight” rating reaffirmed by analysts at Piper Jaffray Companies. They now have a $250.00 price target on the stock.
  • 1/11/2018 – The Ultimate Software Group had its “buy” rating reaffirmed by analysts at Guggenheim. They now have a $245.00 price target on the stock.
  • 1/8/2018 – The Ultimate Software Group was upgraded by analysts at Mizuho from a “neutral” rating to a “buy” rating. They now have a $200.00 price target on the stock.
  • 12/21/2017 – The Ultimate Software Group was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 12/14/2017 – The Ultimate Software Group had its “hold” rating reaffirmed by analysts at Mizuho. They now have a $200.00 price target on the stock. They wrote, “We met with Ultimate’s senior management and walked away more comfortable with its n-t business prospects. Management remains focused on executing on its current plan while enhancing its product portfolio to drive ASPs higher. On the competitive front, the environment remains unchanged with Ultimate continuing to acquire most of its customers from ADP, Paychex, and Ceridian.””

Shares of The Ultimate Software Group, Inc. (NASDAQ ULTI) traded up $6.78 during mid-day trading on Monday, hitting $228.87. The stock had a trading volume of 692,700 shares, compared to its average volume of 306,923. The Ultimate Software Group, Inc. has a 1 year low of $181.59 and a 1 year high of $242.93. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $6,830.00, a PE ratio of 497.54, a price-to-earnings-growth ratio of 5.65 and a beta of 1.07.

The Ultimate Software Group (NASDAQ:ULTI) last issued its earnings results on Tuesday, February 6th. The technology company reported $1.11 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.87 by $0.24. The Ultimate Software Group had a return on equity of 5.31% and a net margin of 1.59%. The firm had revenue of $251.43 million for the quarter, compared to analysts’ expectations of $244.83 million. During the same period in the previous year, the firm posted $0.91 earnings per share. The business’s revenue was up 19.4% compared to the same quarter last year. research analysts forecast that The Ultimate Software Group, Inc. will post 1.83 EPS for the current fiscal year.

In related news, VP Robert Manne sold 5,000 shares of The Ultimate Software Group stock in a transaction dated 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 owns 63,873 shares in the company, valued at $14,617,336.05. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director James A. Fitzpatrick, Jr. sold 4,230 shares of The Ultimate Software Group stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $228.63, for a total value of $967,104.90. Following the completion of the transaction, the director now owns 9,145 shares of the company’s stock, valued at approximately $2,090,821.35. The disclosure for this sale can be found here. Insiders own 4.90% of the company’s stock.

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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