The Ultimate Software Group, Inc. (ULTI) Receives Average Recommendation of “Buy” from Analysts
The Ultimate Software Group, Inc. (NASDAQ:ULTI) has been assigned a consensus rating of “Buy” from the twenty-five research firms that are currently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, five have given a hold rating and eighteen have assigned a buy rating to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $232.37.
Several analysts recently commented on ULTI shares. Royal Bank of Canada reaffirmed a “buy” rating and set a $210.00 price objective on shares of The Ultimate Software Group in a research note on Friday, October 20th. Zacks Investment Research raised The Ultimate Software Group from a “sell” rating to a “hold” rating in a research note on Tuesday, October 31st. Bank of America started coverage on The Ultimate Software Group in a research note on Monday, November 6th. They set an “underperform” rating and a $187.00 price objective on the stock. Mizuho reaffirmed a “hold” rating and set a $200.00 price objective on shares of The Ultimate Software Group in a research note on Thursday, December 14th. Finally, Canaccord Genuity raised their price objective on The Ultimate Software Group from $225.00 to $240.00 and gave the stock a “buy” rating in a research note on Thursday, November 2nd.
In other The Ultimate Software Group news, Director Alois T. Leiter sold 5,559 shares of The Ultimate Software Group stock in a transaction dated Friday, November 10th. The stock was sold at an average price of $198.16, for a total value of $1,101,571.44. Following the sale, 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 document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Scott Scherr sold 43,537 shares of The Ultimate Software Group stock in a transaction dated Tuesday, November 7th. The shares were sold at an average price of $196.21, for a total value of $8,542,394.77. Following the completion of the sale, the chairman now directly owns 426,427 shares in the company, valued at approximately $83,669,241.67. The disclosure for this sale can be found here. Insiders sold a total of 116,259 shares of company stock worth $22,912,048 in the last three months. Company insiders own 4.90% of the company’s stock.
The Ultimate Software Group (ULTI) traded down $0.88 during mid-day trading on Monday, hitting $226.28. The stock had a trading volume of 229,400 shares, compared to its average volume of 203,989. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.18 and a current ratio of 1.18. The firm has a market cap of $6,750.00, a P/E ratio of 233.28, a P/E/G ratio of 8.45 and a beta of 1.08. The Ultimate Software Group has a one year low of $181.59 and a one year high of $233.42.
The Ultimate Software Group (NASDAQ:ULTI) last posted its quarterly earnings results on Wednesday, November 1st. The technology company reported $1.05 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.88 by $0.17. The company had revenue of $236.11 million for the quarter, compared to the consensus estimate of $232.92 million. The Ultimate Software Group had a return on equity of 6.84% and a net margin of 3.31%. The firm’s quarterly revenue was up 19.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.78 EPS. analysts predict that The Ultimate Software Group will post 0.63 EPS for the current year.
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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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