The Ultimate Software Group, Inc. (ULTI) Expected to Announce Quarterly Sales of $300.65 Million

Wall Street brokerages expect The Ultimate Software Group, Inc. (NASDAQ:ULTI) to post $300.65 million in sales for the current fiscal quarter, according to Zacks. Twelve analysts have made estimates for The Ultimate Software Group’s earnings, with the lowest sales estimate coming in at $299.61 million and the highest estimate coming in at $302.91 million. The Ultimate Software Group reported sales of $251.43 million during the same quarter last year, which indicates a positive year over year growth rate of 19.6%. The firm is expected to report its next earnings results on Tuesday, February 5th.

According to Zacks, analysts expect that The Ultimate Software Group will report full year sales of $1.14 billion for the current fiscal year. For the next year, analysts expect that the company will post sales of $1.36 billion, with estimates ranging from $1.36 billion to $1.37 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side analysts that cover The Ultimate Software Group.

The Ultimate Software Group (NASDAQ:ULTI) last announced its quarterly earnings results on Tuesday, October 30th. The technology company reported $1.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.32 by $0.01. The company had revenue of $287.83 million for the quarter, compared to the consensus estimate of $287.22 million. The Ultimate Software Group had a net margin of 4.57% and a return on equity of 8.18%. The company’s revenue for the quarter was up 21.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.05 earnings per share.

Several equities analysts recently commented on the stock. Roth Capital upped their price target on shares of The Ultimate Software Group from $280.00 to $330.00 and gave the stock a “buy” rating in a research report on Wednesday, August 1st. BidaskClub lowered shares of The Ultimate Software Group from a “hold” rating to a “sell” rating in a research report on Wednesday. Evercore ISI reaffirmed a “hold” rating and set a $290.00 price target on shares of The Ultimate Software Group in a research report on Sunday, August 5th. Stifel Nicolaus upped their price target on shares of The Ultimate Software Group from $275.00 to $340.00 and gave the stock a “buy” rating in a research report on Wednesday, August 1st. Finally, Mitsubishi UFJ Financial Group upped their price target on shares of The Ultimate Software Group to $302.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 1st. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and thirteen have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $296.38.

Shares of ULTI opened at $257.73 on Friday. The Ultimate Software Group has a 1 year low of $193.08 and a 1 year high of $332.43. The company has a current ratio of 1.04, a quick ratio of 1.14 and a debt-to-equity ratio of 0.01. The company has a market cap of $7.95 billion, a P/E ratio of 318.19, a PEG ratio of 5.68 and a beta of 1.19.

In other news, Director James A. Fitzpatrick, Jr. sold 494 shares of the stock in a transaction on Friday, November 2nd. The shares were sold at an average price of $267.20, for a total value of $131,996.80. Following the completion of the sale, the director now owns 9,969 shares of the company’s stock, valued at $2,663,716.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Gregory Swick sold 4,252 shares of the stock in a transaction on Tuesday, November 6th. The stock was sold at an average price of $257.00, for a total transaction of $1,092,764.00. Following the completion of the sale, the vice president now directly owns 25,460 shares of the company’s stock, valued at approximately $6,543,220. The disclosure for this sale can be found here. 3.00% of the stock is owned by corporate insiders.

Institutional investors have recently added to or reduced their stakes in the company. First Hawaiian Bank acquired a new stake in shares of The Ultimate Software Group in the third quarter worth $109,000. We Are One Seven LLC acquired a new stake in shares of The Ultimate Software Group in the third quarter worth $207,000. Kornitzer Capital Management Inc. KS acquired a new stake in shares of The Ultimate Software Group in the second quarter worth $201,000. Reliance Trust Co. of Delaware acquired a new stake in shares of The Ultimate Software Group in the second quarter worth $202,000. Finally, Harvest Fund Management Co. Ltd increased its position in shares of The Ultimate Software Group by 386.5% in the third quarter. Harvest Fund Management Co. Ltd now owns 793 shares of the technology company’s stock worth $255,000 after acquiring an additional 630 shares in the last quarter. 99.98% of the stock is owned by institutional investors.

About The Ultimate Software Group

The Ultimate Software Group, Inc provides cloud-based human capital management solutions primarily to enterprise companies in the United States and Canada. The company's UltiPro software solution delivers the functionality businesses to manage the employee life cycle from recruitment to retirement.

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