The Ultimate Software Group (NASDAQ:ULTI) was upgraded by stock analysts at ValuEngine from a “hold” rating to a “buy” rating in a report issued on Monday.
ULTI has been the subject of a number of other research reports. Mizuho restated a “hold” rating and set a $200.00 price objective on shares of The Ultimate Software Group in a report on Wednesday, December 6th. Piper Jaffray reiterated an “overweight” rating and issued a $250.00 price target on shares of The Ultimate Software Group in a report on Tuesday, January 16th. BidaskClub upgraded shares of The Ultimate Software Group from a “hold” rating to a “buy” rating in a report on Friday, February 16th. Royal Bank of Canada upped their price target on shares of The Ultimate Software Group to $260.00 and gave the company a “positive” rating in a report on Tuesday, January 30th. Finally, Zacks Investment Research upgraded shares of The Ultimate Software Group from a “hold” rating to a “buy” rating and set a $252.00 price target for the company in a report on Saturday, February 3rd. One research analyst has rated the stock with a sell rating, four have issued a hold rating and eighteen have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $244.95.
Shares of NASDAQ ULTI opened at $239.16 on Monday. The company has a market cap of $7,450.76, a P/E ratio of 295.26, a PEG ratio of 6.02 and a beta of 0.96. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.01. The Ultimate Software Group has a 52-week low of $181.59 and a 52-week high of $257.93.
The Ultimate Software Group (NASDAQ:ULTI) last issued its quarterly earnings data on Tuesday, February 6th. The technology company reported $1.11 earnings per share (EPS) 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 analysts’ expectations of $244.83 million. The Ultimate Software Group had a net margin of 1.59% and a return on equity of 5.31%. The business’s revenue for the quarter was up 19.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.91 earnings per share. equities research analysts predict that The Ultimate Software Group will post 1.83 earnings per share for the current year.
In other news, Director Rick Wilber sold 5,000 shares of the business’s stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $244.96, for a total value of $1,224,800.00. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director James A. Fitzpatrick, Jr. sold 4,230 shares of the business’s stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $228.63, for a total transaction of $967,104.90. Following the completion of the sale, the director now directly owns 9,145 shares in the company, valued at approximately $2,090,821.35. The disclosure for this sale can be found here. In the last three months, insiders sold 284,019 shares of company stock worth $63,840,036. 4.90% of the stock is currently owned by insiders.
Several hedge funds have recently made changes to their positions in ULTI. Carillon Tower Advisers Inc. bought a new stake in shares of The Ultimate Software Group in the fourth quarter worth $137,283,000. Janus Henderson Group PLC raised its position in The Ultimate Software Group by 10.5% during the third quarter. Janus Henderson Group PLC now owns 2,480,892 shares of the technology company’s stock worth $470,377,000 after acquiring an additional 235,848 shares in the last quarter. Millennium Management LLC raised its position in The Ultimate Software Group by 279.8% during the fourth quarter. Millennium Management LLC now owns 272,126 shares of the technology company’s stock worth $59,386,000 after acquiring an additional 200,469 shares in the last quarter. William Blair Investment Management LLC raised its position in The Ultimate Software Group by 60.3% during the fourth quarter. William Blair Investment Management LLC now owns 378,492 shares of the technology company’s stock worth $82,598,000 after acquiring an additional 142,353 shares in the last quarter. Finally, Bamco Inc. NY raised its position in The Ultimate Software Group by 32.6% during the third quarter. Bamco Inc. NY now owns 520,740 shares of the technology company’s stock worth $98,732,000 after acquiring an additional 128,099 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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