The Ultimate Software Group, Inc. (ULTI) Expected to Post Earnings of $1.14 Per Share

Analysts expect The Ultimate Software Group, Inc. (NASDAQ:ULTI) to report $1.14 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Eleven analysts have issued estimates for The Ultimate Software Group’s earnings. The highest EPS estimate is $1.17 and the lowest is $1.12. The Ultimate Software Group posted earnings per share of $0.75 during the same quarter last year, which indicates a positive year-over-year growth rate of 52%. The firm is expected to announce its next quarterly earnings results on Tuesday, April 24th.

On average, analysts expect that The Ultimate Software Group will report full year earnings of $5.37 per share for the current financial year, with EPS estimates ranging from $4.58 to $5.69. For the next financial year, analysts expect that the business will post earnings of $6.46 per share, with EPS estimates ranging from $5.71 to $6.91. Zacks’ earnings per share calculations are a mean average based on a survey of research firms that follow The Ultimate Software Group.

The Ultimate Software Group (NASDAQ:ULTI) last posted its quarterly earnings results on Tuesday, February 6th. The technology company reported $1.11 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.87 by $0.24. The firm had revenue of $251.43 million during the quarter, compared to the consensus estimate of $244.83 million. The Ultimate Software Group had a return on equity of 5.31% and a net margin of 1.59%. The business’s revenue was up 19.4% compared to the same quarter last year. During the same period last year, the company earned $0.91 earnings per share.

A number of research analysts have weighed in on ULTI shares. Stifel Nicolaus raised their price target on The Ultimate Software Group from $235.00 to $250.00 and gave the company a “buy” rating in a research note on Thursday, November 2nd. Mizuho restated a “hold” rating and issued a $200.00 price target on shares of The Ultimate Software Group in a research note on Thursday, December 14th. SunTrust Banks raised their price target on The Ultimate Software Group to $250.00 and gave the company a “buy” rating in a research note on Wednesday, February 7th. Wedbush restated an “outperform” rating and issued a $234.00 price target (up from $226.00) on shares of The Ultimate Software Group in a research note on Wednesday, February 7th. Finally, Bank of America raised their price target on The Ultimate Software Group from $187.00 to $210.00 and gave the company an “underperform” rating in a research note on Thursday, February 8th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and eighteen have assigned a buy rating to the company’s stock. The Ultimate Software Group currently has an average rating of “Buy” and a consensus price target of $243.90.

The Ultimate Software Group (ULTI) traded up $1.29 during mid-day trading on Friday, reaching $246.91. The company’s stock had a trading volume of 190,100 shares, compared to its average volume of 312,476. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.18 and a current ratio of 1.18. The company has a market capitalization of $7,338.09, a P/E ratio of 514.40, a price-to-earnings-growth ratio of 6.07 and a beta of 1.07. The Ultimate Software Group has a 12-month low of $181.59 and a 12-month high of $250.17.

In related news, VP Robert Manne sold 5,000 shares of the business’s stock in a transaction on 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 sale, the vice president now directly owns 63,873 shares in the company, valued at approximately $14,617,336.05. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Scott Scherr sold 110,522 shares of the business’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $224.58, for a total value of $24,821,030.76. Following the completion of the sale, the chairman now owns 343,139 shares of the company’s stock, valued at $77,062,156.62. The disclosure for this sale can be found here. Insiders sold a total of 279,019 shares of company stock valued at $62,615,236 over the last 90 days. 4.90% of the stock is currently owned by corporate insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ULTI. Virtu KCG Holdings LLC bought a new stake in The Ultimate Software Group in the 2nd quarter valued at $276,000. Balyasny Asset Management LLC boosted its stake in The Ultimate Software Group by 0.6% in the 2nd quarter. Balyasny Asset Management LLC now owns 1,668 shares of the technology company’s stock valued at $350,000 after purchasing an additional 10 shares during the period. State Street Corp boosted its stake in The Ultimate Software Group by 1.5% in the 2nd quarter. State Street Corp now owns 756,678 shares of the technology company’s stock valued at $158,949,000 after purchasing an additional 11,076 shares during the period. The Manufacturers Life Insurance Company boosted its stake in The Ultimate Software Group by 1.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 43,615 shares of the technology company’s stock valued at $9,161,000 after purchasing an additional 813 shares during the period. Finally, Raymond James Financial Services Advisors Inc. boosted its stake in The Ultimate Software Group by 8.2% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 4,827 shares of the technology company’s stock valued at $1,014,000 after purchasing an additional 366 shares during the period.

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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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Earnings History and Estimates for The Ultimate Software Group (NASDAQ:ULTI)

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