The Ultimate Software Group (ULTI) Receiving Somewhat Favorable News Coverage, Accern Reports
News stories about The Ultimate Software Group (NASDAQ:ULTI) have trended somewhat positive recently, according to Accern Sentiment. The research firm scores the sentiment of media coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. The Ultimate Software Group earned a news sentiment score of 0.22 on Accern’s scale. Accern also assigned media stories about the technology company an impact score of 45.6247494521093 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
These are some of the news articles that may have effected Accern Sentiment Analysis’s scoring:
- Apple tumbled 48 spots on Glassdoor's 'best places to work' list (finance.yahoo.com)
- Facebook Is the Best Place to Work in 2018: Glassdoor Survey – Investopedia (blog) (investopedia.com)
- Marketing Lessons We Can Learn From Cities Trying To Secure Next Amazon Headquarters (forbes.com)
- Ultimate Software Honored as a Glassdoor Employees’ Choice Award Winner (finance.yahoo.com)
- The Ultimate Software Group’s (ULTI) Hold Rating Reaffirmed at Mizuho (americanbankingnews.com)
The Ultimate Software Group (ULTI) traded up $2.03 during midday trading on Friday, reaching $213.88. The company had a trading volume of 314,238 shares, compared to its average volume of 307,198. The stock has a market cap of $6,389.88, a PE ratio of 203.70, a PEG ratio of 16.58 and a beta of 1.08. The Ultimate Software Group has a one year low of $180.29 and a one year high of $233.42. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.01.
The Ultimate Software Group (NASDAQ:ULTI) last issued its quarterly earnings data on Wednesday, November 1st. The technology company reported $1.05 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.88 by $0.17. The business had revenue of $236.11 million for the quarter, compared to analysts’ expectations of $232.92 million. The Ultimate Software Group had a return on equity of 6.84% and a net margin of 3.31%. The company’s revenue for the quarter was up 19.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.78 EPS. sell-side analysts predict that The Ultimate Software Group will post 0.63 earnings per share for the current fiscal year.
A number of research firms have recently weighed in on ULTI. Mizuho reaffirmed a “hold” rating and set a $200.00 price objective on shares of The Ultimate Software Group in a research report on Wednesday. Robert W. Baird reaffirmed a “hold” rating and set a $210.00 price objective on shares of The Ultimate Software Group in a research report on Friday, November 3rd. SunTrust Banks reaffirmed a “buy” rating and set a $225.00 price objective on shares of The Ultimate Software Group in a research report on Friday, November 3rd. Bank of America began coverage on The Ultimate Software Group in a research report on Monday, November 6th. They set an “underperform” rating and a $187.00 price objective on the stock. Finally, Stifel Nicolaus lifted their price objective on The Ultimate Software Group from $235.00 to $250.00 and gave the company a “buy” rating in a research report on Thursday, November 2nd. One research analyst has rated the stock with a sell rating, seven have given a hold rating and sixteen have issued a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $231.58.
In other news, Director Alois T. Leiter sold 5,559 shares of the business’s stock in a transaction that occurred on Friday, November 10th. The stock was sold at an average price of $198.16, for a total transaction of $1,101,571.44. Following the transaction, the director now owns 165,596 shares of the company’s stock, valued at approximately $32,814,503.36. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director James A. Fitzpatrick, Jr. sold 4,585 shares of the business’s stock in a transaction that occurred on Friday, November 3rd. The shares were sold at an average price of $205.82, for a total value of $943,684.70. Following the transaction, the director now directly owns 14,650 shares in the company, valued at approximately $3,015,263. The disclosure for this sale can be found here. Insiders have sold a total of 116,259 shares of company stock worth $22,912,048 over the last ninety days. 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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