Ultimate Software Group (ULTI) Sets New 1-Year High and Low at $265.82

Ultimate Software Group, Inc. (NASDAQ:ULTI) shares hit a new 52-week high and low on Thursday . The company traded as low as $265.82 and last traded at $263.43, with a volume of 3362 shares trading hands. The stock had previously closed at $264.21.

ULTI has been the topic of a number of research reports. BidaskClub upgraded Ultimate Software Group from a “hold” rating to a “buy” rating in a report on Friday, May 4th. SunTrust Banks raised their price objective on Ultimate Software Group to $250.00 and gave the company a “buy” rating in a report on Wednesday, February 7th. Wedbush restated an “outperform” rating and issued a $234.00 price objective (up previously from $226.00) on shares of Ultimate Software Group in a report on Wednesday, February 7th. ValuEngine upgraded Ultimate Software Group from a “hold” rating to a “buy” rating in a report on Monday, April 2nd. Finally, TheStreet upgraded Ultimate Software Group from a “c+” rating to a “b-” rating in a report on Tuesday, May 1st. One research analyst has rated the stock with a sell rating, four have issued a hold rating and eighteen have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $253.29.

The company has a debt-to-equity ratio of 0.01, a current ratio of 1.08 and a quick ratio of 1.08. The firm has a market capitalization of $8.09 billion, a P/E ratio of 251.56, a price-to-earnings-growth ratio of 5.40 and a beta of 0.99.

Ultimate Software Group (NASDAQ:ULTI) last posted its quarterly earnings results on Tuesday, May 1st. The technology company reported $1.30 EPS for the quarter, topping the consensus estimate of $1.13 by $0.17. Ultimate Software Group had a return on equity of 6.24% and a net margin of 2.90%. The business had revenue of $277.00 million for the quarter, compared to analyst estimates of $270.80 million. During the same quarter in the previous year, the firm earned $0.75 EPS. The company’s quarterly revenue was up 21.2% compared to the same quarter last year. analysts expect that Ultimate Software Group, Inc. will post 2.25 earnings per share for the current year.

In other news, CFO Felicia Alvaro sold 2,000 shares of Ultimate Software Group stock in a transaction on Friday, May 4th. The stock was sold at an average price of $250.84, for a total transaction of $501,680.00. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Rick Wilber sold 5,000 shares of Ultimate Software Group stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $244.96, for a total value of $1,224,800.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 16,375 shares of company stock worth $4,044,586. Insiders own 3.00% of the company’s stock.

Several large investors have recently modified their holdings of the stock. BlackRock Inc. increased its position in shares of Ultimate Software Group by 4.0% during the 1st quarter. BlackRock Inc. now owns 2,474,730 shares of the technology company’s stock worth $603,089,000 after purchasing an additional 95,410 shares during the last quarter. Eagle Asset Management Inc. increased its position in shares of Ultimate Software Group by 0.5% during the 1st quarter. Eagle Asset Management Inc. now owns 697,120 shares of the technology company’s stock worth $169,888,000 after purchasing an additional 3,594 shares during the last quarter. Bamco Inc. NY increased its position in shares of Ultimate Software Group by 1.7% during the 4th quarter. Bamco Inc. NY now owns 529,421 shares of the technology company’s stock worth $115,536,000 after purchasing an additional 8,681 shares during the last quarter. Carillon Tower Advisers Inc. acquired a new stake in shares of Ultimate Software Group during the 4th quarter worth about $137,283,000. Finally, TimesSquare Capital Management LLC increased its position in shares of Ultimate Software Group by 6.4% during the 4th quarter. TimesSquare Capital Management LLC now owns 458,930 shares of the technology company’s stock worth $100,152,000 after purchasing an additional 27,710 shares during the last quarter.

About 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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