The Ultimate Software Group, Inc. (NASDAQ:ULTI) has earned a consensus recommendation of “Buy” from the nineteen research firms that are currently covering the firm. Five research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $226.85.

Several brokerages have issued reports on ULTI. MKM Partners reissued a “buy” rating on shares of The Ultimate Software Group in a research report on Friday, November 4th. Pacific Crest began coverage on shares of The Ultimate Software Group in a research report on Monday, September 19th. They set an “overweight” rating and a $245.00 price objective on the stock. Zacks Investment Research downgraded shares of The Ultimate Software Group from a “buy” rating to a “hold” rating in a research report on Tuesday, November 8th. Finally, Wedbush raised shares of The Ultimate Software Group from a “neutral” rating to an “outperform” rating and lowered their price objective for the stock from $248.00 to $242.00 in a research report on Monday, October 31st.

In other news, Director Rick Wilber sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, November 21st. The shares were sold at an average price of $210.07, for a total value of $1,050,350.00. Following the completion of the transaction, the director now owns 119,425 shares of the company’s stock, valued at $25,087,609.75. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Leroy Vander Putten sold 1,350 shares of the business’s stock in a transaction that occurred on Tuesday, November 15th. The shares were sold at an average price of $199.25, for a total transaction of $268,987.50. Following the completion of the transaction, the director now directly owns 21,668 shares of the company’s stock, valued at approximately $4,317,349. The disclosure for this sale can be found here. Company insiders own 5.60% of the company’s stock.

Several institutional investors have recently bought and sold shares of the stock. Zurcher Kantonalbank Zurich Cantonalbank raised its position in The Ultimate Software Group by 19.4% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 875 shares of the company’s stock worth $179,000 after buying an additional 142 shares in the last quarter. Mariner Wealth Advisors LLC purchased a new position in The Ultimate Software Group during the second quarter worth $203,000. Tower Research Capital LLC TRC raised its position in The Ultimate Software Group by 132.9% in the third quarter. Tower Research Capital LLC TRC now owns 1,034 shares of the company’s stock worth $211,000 after buying an additional 590 shares in the last quarter. Bank of Hawaii purchased a new position in The Ultimate Software Group during the second quarter worth $213,000. Finally, Advisors Asset Management Inc. raised its position in The Ultimate Software Group by 2.3% in the second quarter. Advisors Asset Management Inc. now owns 1,047 shares of the company’s stock worth $220,000 after buying an additional 24 shares in the last quarter. 99.18% of the stock is owned by institutional investors and hedge funds.

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Shares of The Ultimate Software Group (NASDAQ:ULTI) traded up 1.20% during midday trading on Friday, hitting $200.60. 244,421 shares of the stock were exchanged. The Ultimate Software Group has a 12 month low of $148.26 and a 12 month high of $224.07. The company has a market cap of $5.82 billion, a PE ratio of 228.47 and a beta of 0.95. The stock has a 50 day moving average price of $193.13 and a 200-day moving average price of $205.27.

The Ultimate Software Group (NASDAQ:ULTI) last posted its earnings results on Tuesday, November 1st. The company reported $0.78 EPS for the quarter, beating the Zacks’ consensus estimate of $0.77 by $0.01. The firm had revenue of $197 million for the quarter, compared to the consensus estimate of $196.94 million. The Ultimate Software Group had a net margin of 2.42% and a return on equity of 3.26%. The company’s revenue was up 26.9% on a year-over-year basis. During the same period last year, the firm posted $0.69 EPS. On average, analysts predict that The Ultimate Software Group will post $3.23 EPS for the current year.

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, and includes global people management, available in over 10 languages with approximately 40 country-specific localizations.

5 Day Chart for NASDAQ:ULTI

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