The Ultimate Software Group (ULTI) Earning Somewhat Favorable Media Coverage, Analysis Finds
Press coverage about The Ultimate Software Group (NASDAQ:ULTI) has trended somewhat positive this week, Accern Sentiment Analysis reports. Accern identifies positive and negative press coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. The Ultimate Software Group earned a media sentiment score of 0.14 on Accern’s scale. Accern also assigned news stories about the technology company an impact score of 46.2429672253595 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Here are some of the news stories that may have effected Accern’s analysis:
- The Ultimate Software Group, Inc. (ULTI) Receives Average Recommendation of “Buy” from Brokerages (americanbankingnews.com)
- Presentation at Deutsche Bank Technology Conference Canceled Due to Weather-Related Travel Restrictions (finance.yahoo.com)
- Oversold Conditions For Ultimate Software Group (ULTI) (nasdaq.com)
- Ultimate Software Named Canadian HR Reporter Readers’ Choice Winner (finance.yahoo.com)
- Ultimate Software Group Inc (ULTI) Sees The Tape Move Mid-Market – Bulletin News (orobulletin.com)
A number of research analysts recently weighed in on the company. ValuEngine upgraded The Ultimate Software Group from a “sell” rating to a “hold” rating in a report on Friday, September 1st. BidaskClub upgraded The Ultimate Software Group from a “sell” rating to a “hold” rating in a report on Wednesday, August 23rd. KeyCorp set a $235.00 target price on The Ultimate Software Group and gave the company a “buy” rating in a report on Wednesday, August 16th. Credit Suisse Group reiterated an “outperform” rating and issued a $245.00 target price (down previously from $260.00) on shares of The Ultimate Software Group in a report on Monday, August 14th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and issued a $216.00 target price (down previously from $233.00) on shares of The Ultimate Software Group in a report on Tuesday, August 8th. Six investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. The Ultimate Software Group currently has a consensus rating of “Buy” and an average target price of $235.67.
The Ultimate Software Group (NASDAQ:ULTI) opened at 187.19 on Thursday. The firm has a 50-day moving average price of $201.09 and a 200 day moving average price of $205.93. The Ultimate Software Group has a 52-week low of $180.29 and a 52-week high of $233.42. The stock has a market capitalization of $5.58 billion, a price-to-earnings ratio of 193.18 and a beta of 1.09.
The Ultimate Software Group (NASDAQ:ULTI) last issued its quarterly earnings data on Tuesday, August 1st. The technology company reported $0.18 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.21 by ($0.03). The business had revenue of $224.70 million during the quarter, compared to the consensus estimate of $228.02 million. The Ultimate Software Group had a return on equity of 7.20% and a net margin of 3.47%. The company’s revenue for the quarter was up 20.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.76 earnings per share. On average, equities research analysts predict that The Ultimate Software Group will post $3.53 EPS for the current year.
In other The Ultimate Software Group news, VP Robert Manne sold 5,000 shares of the company’s stock in a transaction dated Thursday, August 3rd. The shares were sold at an average price of $200.39, for a total transaction of $1,001,950.00. Following the completion of the sale, the vice president now directly owns 78,633 shares in the company, valued at $15,757,266.87. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director James A. Fitzpatrick, Jr. sold 4,613 shares of the company’s stock in a transaction dated Thursday, August 3rd. The shares were sold at an average price of $200.39, for a total transaction of $924,399.07. Following the sale, the director now owns 15,000 shares of the company’s stock, valued at $3,005,850. The disclosure for this sale can be found here. Corporate insiders own 4.90% of the company’s stock.
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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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