$0.87 Earnings Per Share Expected for The Ultimate Software Group, Inc. (ULTI) This Quarter

Wall Street analysts expect that The Ultimate Software Group, Inc. (NASDAQ:ULTI) will announce earnings per share (EPS) of $0.87 for the current quarter, according to Zacks. Eleven analysts have issued estimates for The Ultimate Software Group’s earnings. The highest EPS estimate is $0.92 and the lowest is $0.84. The Ultimate Software Group posted earnings of $0.91 per share during the same quarter last year, which would suggest a negative year over year growth rate of 4.4%. The company is expected to announce its next quarterly earnings results after the market closes on Tuesday, February 6th.

On average, analysts expect that The Ultimate Software Group will report full-year earnings of $3.62 per share for the current year, with EPS estimates ranging from $3.58 to $3.66. For the next financial year, analysts expect that the company will post earnings of $4.52 per share, with EPS estimates ranging from $4.41 to $4.62. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research analysts that cover The Ultimate Software Group.

The Ultimate Software Group (NASDAQ:ULTI) last announced its quarterly earnings results on Wednesday, November 1st. The technology company reported $1.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.88 by $0.17. The company had revenue of $236.11 million during the quarter, compared to the consensus estimate of $232.92 million. The Ultimate Software Group had a net margin of 3.31% and a return on equity of 6.84%. The company’s revenue for the quarter was up 19.9% compared to the same quarter last year. During the same period in the prior year, the business earned $0.78 earnings per share.

ULTI has been the subject of a number of recent research reports. Royal Bank of Canada restated a “buy” rating and issued a $210.00 price objective on shares of The Ultimate Software Group in a report on Friday, October 20th. Zacks Investment Research upgraded The Ultimate Software Group from a “sell” rating to a “hold” rating in a report on Tuesday, October 31st. Bank of America initiated coverage on The Ultimate Software Group in a report on Monday, November 6th. They issued an “underperform” rating and a $187.00 price objective for the company. Mizuho restated a “hold” rating and issued a $200.00 price objective on shares of The Ultimate Software Group in a report on Thursday, December 14th. Finally, Canaccord Genuity increased their price objective on The Ultimate Software Group from $225.00 to $240.00 and gave the company a “buy” rating in a report on Thursday, November 2nd. One analyst has rated the stock with a sell rating, five have issued a hold rating and eighteen have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $232.37.

The Ultimate Software Group (ULTI) traded up $3.48 during midday trading on Friday, reaching $226.26. The company had a trading volume of 391,009 shares, compared to its average volume of 226,736. The firm has a market capitalization of $6,760.29, a P/E ratio of 233.26, a price-to-earnings-growth ratio of 8.45 and a beta of 1.08. The Ultimate Software Group has a 1-year low of $181.59 and a 1-year high of $233.42. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.01.

In other The Ultimate Software Group news, VP Robert Manne sold 5,000 shares of the stock in a transaction dated Friday, November 3rd. The stock was 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 in the company, valued at approximately $15,761,822.72. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Alois T. Leiter sold 5,559 shares of the stock in a transaction dated Friday, November 10th. The stock was sold at an average price of $198.16, for a total value of $1,101,571.44. Following the sale, the director now owns 165,596 shares of the company’s stock, valued at $32,814,503.36. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 116,259 shares of company stock valued at $22,912,048. Company insiders own 4.90% of the company’s stock.

A number of institutional investors have recently modified their holdings of ULTI. Schwab Charles Investment Management Inc. grew its holdings in The Ultimate Software Group by 5.6% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 87,759 shares of the technology company’s stock worth $18,435,000 after acquiring an additional 4,691 shares during the period. Prudential Financial Inc. boosted its position in shares of The Ultimate Software Group by 0.9% during the 2nd quarter. Prudential Financial Inc. now owns 18,638 shares of the technology company’s stock worth $3,915,000 after purchasing an additional 170 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of The Ultimate Software Group by 5.2% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,147 shares of the technology company’s stock worth $241,000 after purchasing an additional 57 shares in the last quarter. Riverhead Capital Management LLC boosted its position in shares of The Ultimate Software Group by 79.8% during the 2nd quarter. Riverhead Capital Management LLC now owns 1,798 shares of the technology company’s stock worth $378,000 after purchasing an additional 798 shares in the last quarter. Finally, Teachers Advisors LLC boosted its position in shares of The Ultimate Software Group by 4.9% during the 2nd quarter. Teachers Advisors LLC now owns 69,605 shares of the technology company’s stock worth $14,621,000 after purchasing an additional 3,280 shares in the last quarter.

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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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