The Ultimate Software Group (ULTI) Getting Somewhat Positive News Coverage, Analysis Finds
News coverage about The Ultimate Software Group (NASDAQ:ULTI) has trended somewhat positive this week, Accern Sentiment reports. Accern ranks the sentiment of press coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. The Ultimate Software Group earned a news sentiment score of 0.12 on Accern’s scale. Accern also assigned news stories about the technology company an impact score of 46.1053397442942 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
These are some of the news articles that may have impacted Accern Sentiment Analysis’s scoring:
- Brokerages Set The Ultimate Software Group, Inc – ExpressNewsline (expressnewsline.com)
- Analyzing The Ultimate Software Group (ULTI) and Its Rivals (americanbankingnews.com)
- Ultimate Software : U.S. Wrestlers Capture World Title in Latest #UltimateTeamMoment (4-traders.com)
- The Ultimate Software Group, Inc. :ULTI-US: Earnings Analysis: Q2, 2017 By the Numbers : September 21, 2017 (finance.yahoo.com)
- HR and Payroll Technology Leader Ultimate Software Forms Multi-Year Partnership with Miami HEAT (finance.yahoo.com)
The Ultimate Software Group (ULTI) opened at 183.95 on Tuesday. The company has a market cap of $5.49 billion, a price-to-earnings ratio of 189.83 and a beta of 1.09. The Ultimate Software Group has a 52 week low of $180.29 and a 52 week high of $233.42. The stock’s 50 day moving average price is $195.31 and its 200-day moving average price is $205.65.
The Ultimate Software Group (NASDAQ:ULTI) last posted its earnings results on Tuesday, August 1st. The technology company reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.03). The company had revenue of $224.70 million for the quarter, compared to analysts’ expectations 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 was up 20.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.76 EPS. On average, equities research analysts forecast that The Ultimate Software Group will post $3.53 earnings per share for the current fiscal year.
Several research analysts have recently weighed in on ULTI shares. Zacks Investment Research raised The Ultimate Software Group from a “strong sell” rating to a “hold” rating in a research report on Wednesday, June 28th. Credit Suisse Group reaffirmed a “buy” rating on shares of The Ultimate Software Group in a research report on Monday, July 3rd. Piper Jaffray Companies reaffirmed an “overweight” rating and set a $250.00 price objective on shares of The Ultimate Software Group in a research report on Saturday, July 22nd. SunTrust Banks, Inc. started coverage on The Ultimate Software Group in a research report on Monday, June 26th. They set a “buy” rating and a $240.00 price objective for the company. Finally, ValuEngine raised The Ultimate Software Group from a “sell” rating to a “hold” rating in a research report on Friday, September 1st. Six equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. The Ultimate Software Group currently has a consensus rating of “Buy” and a consensus price target of $235.67.
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In other news, VP Robert Manne sold 5,000 shares of the company’s stock in a transaction on Thursday, August 3rd. The shares were sold at an average price of $200.39, for a total value of $1,001,950.00. Following the transaction, the vice president now owns 78,633 shares of the company’s stock, valued at $15,757,266.87. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director James A. Fitzpatrick, Jr. sold 4,613 shares of the company’s stock in a transaction on Thursday, August 3rd. The stock was sold at an average price of $200.39, for a total transaction of $924,399.07. Following the completion of the transaction, the director now directly owns 15,000 shares in the company, valued at approximately $3,005,850. The disclosure for this sale can be found here. Corporate insiders own 4.90% of the company’s stock.
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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