Media stories about The Ultimate Software Group (NASDAQ:ULTI) have trended somewhat positive this week, according to Accern. The research firm ranks the sentiment of press coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. The Ultimate Software Group earned a media sentiment score of 0.11 on Accern’s scale. Accern also gave media coverage about the technology company an impact score of 44.9123565763334 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
These are some of the headlines that may have impacted Accern Sentiment’s analysis:
Several equities research analysts recently issued reports on the company. Bank of America began coverage on The Ultimate Software Group in a research note on Monday, November 6th. They issued an “underperform” rating and a $187.00 price target for the company. SunTrust Banks restated a “buy” rating and set a $225.00 target price on shares of The Ultimate Software Group in a research note on Friday, November 3rd. Robert W. Baird restated a “hold” rating and set a $210.00 target price on shares of The Ultimate Software Group in a research note on Friday, November 3rd. Canaccord Genuity upped their price target on shares of The Ultimate Software Group from $225.00 to $240.00 and gave the stock a “buy” rating in a report on Thursday, November 2nd. Finally, Wedbush reiterated an “outperform” rating and set a $220.00 price target (down from $226.00) on shares of The Ultimate Software Group in a report on Thursday, November 2nd. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and sixteen have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $231.58.
The Ultimate Software Group (NASDAQ:ULTI) opened at $213.61 on Tuesday. The Ultimate Software Group has a 52-week low of $180.29 and a 52-week high of $233.42. 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 stock has a market cap of $6,211.48, a PE ratio of 198.01, a price-to-earnings-growth ratio of 16.12 and a beta of 1.08.
The Ultimate Software Group (NASDAQ:ULTI) last announced its quarterly earnings data on Wednesday, November 1st. The technology company reported $1.05 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.88 by $0.17. The business had revenue of $236.11 million for the quarter, compared to analysts’ expectations of $232.92 million. The Ultimate Software Group had a net margin of 3.31% and a return on equity of 6.84%. The business’s revenue was up 19.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.78 earnings per share. equities research analysts expect that The Ultimate Software Group will post 0.63 EPS for the current fiscal year.
In other The Ultimate Software Group news, VP Robert Manne sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, November 3rd. The shares were sold at an average price of $206.08, for a total transaction of $1,030,400.00. Following the completion of the sale, the vice president now directly owns 76,484 shares of the company’s stock, valued at $15,761,822.72. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Mitchell K. Dauerman sold 15,480 shares of the stock in a transaction on Tuesday, November 7th. The stock was sold at an average price of $196.00, for a total transaction of $3,034,080.00. Following the completion of the sale, the chief financial officer now directly owns 122,045 shares of the company’s stock, valued at $23,920,820. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 116,259 shares of company stock worth $22,912,048. 4.90% of the stock is owned by insiders.
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About The Ultimate Software Group
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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