The Ultimate Software Group, Inc. (NASDAQ:ULTI) VP John C. Phenicie sold 7,088 shares of the company’s stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $226.48, for a total transaction of $1,605,290.24. Following the sale, the vice president now directly owns 32,158 shares of the company’s stock, valued at $7,283,143.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
Shares of The Ultimate Software Group, Inc. (ULTI) traded up $5.98 during trading hours on Tuesday, hitting $230.95. 226,602 shares of the company were exchanged, compared to its average volume of 320,953. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.01. The Ultimate Software Group, Inc. has a 12-month low of $181.59 and a 12-month high of $242.93. The company has a market capitalization of $6,837.67, a price-to-earnings ratio of 468.69, 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 for the quarter, topping the Zacks’ consensus estimate of $0.87 by $0.24. The Ultimate Software Group had a net margin of 1.59% and a return on equity of 5.31%. The firm had revenue of $251.43 million during the quarter, compared to analyst estimates of $244.83 million. During the same quarter in the prior year, the business earned $0.91 earnings per share. The Ultimate Software Group’s revenue for the quarter was up 19.4% on a year-over-year basis. equities research analysts anticipate that The Ultimate Software Group, Inc. will post 1.83 EPS for the current year.
A number of brokerages have commented on ULTI. Mizuho reaffirmed a “hold” rating and set a $200.00 target price on shares of The Ultimate Software Group in a report on Wednesday, December 6th. Robert W. Baird reiterated a “hold” rating and issued a $210.00 price target on shares of The Ultimate Software Group in a research report on Friday, November 3rd. Piper Jaffray Companies reiterated an “overweight” rating and issued a $250.00 price target on shares of The Ultimate Software Group in a research report on Tuesday, January 16th. Royal Bank of Canada upped their price target on shares of The Ultimate Software Group to $260.00 and gave the stock a “positive” rating in a research report on Tuesday, January 30th. Finally, Zacks Investment Research lowered shares of The Ultimate Software Group from a “hold” rating to a “sell” rating in a research report on Thursday, October 19th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and seventeen have given a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $243.90.
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.
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