News articles about The Ultimate Software Group (NASDAQ:ULTI) have been trending positive this week, Accern reports. The research firm identifies negative and positive news coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. The Ultimate Software Group earned a coverage optimism score of 0.27 on Accern’s scale. Accern also assigned media stories about the technology company an impact score of 45.0993337508665 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.

Here are some of the media stories that may have effected Accern Sentiment’s analysis:

Shares of The Ultimate Software Group (NASDAQ:ULTI) opened at $227.99 on Friday. 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 has a twelve month low of $181.59 and a twelve month high of $233.42. The firm has a market capitalization of $6,759.70, a price-to-earnings ratio of 235.04, a P/E/G ratio of 8.44 and a beta of 1.08.

The Ultimate Software Group (NASDAQ:ULTI) last released its quarterly earnings data on Wednesday, November 1st. The technology company reported $1.05 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.88 by $0.17. The Ultimate Software Group had a return on equity of 6.84% and a net margin of 3.31%. The company had revenue of $236.11 million for the quarter, compared to the consensus estimate of $232.92 million. During the same quarter last year, the business posted $0.78 EPS. The Ultimate Software Group’s revenue for the quarter was up 19.9% on a year-over-year basis. research analysts forecast that The Ultimate Software Group will post 0.63 earnings per share for the current year.

A number of brokerages recently issued reports on ULTI. BidaskClub downgraded The Ultimate Software Group from a “buy” rating to a “hold” rating in a research report on Thursday. Piper Jaffray Companies reissued an “overweight” rating and set a $250.00 price target on shares of The Ultimate Software Group in a research report on Tuesday. Guggenheim reaffirmed a “buy” rating and issued a $245.00 target price on shares of The Ultimate Software Group in a report on Thursday, January 11th. Mizuho raised The Ultimate Software Group from a “neutral” rating to a “buy” rating and set a $200.00 target price on the stock in a report on Monday, January 8th. Finally, Bank of America began coverage on The Ultimate Software Group in a report on Monday, November 6th. They issued an “underperform” rating and a $187.00 target price on the stock. One research analyst has rated the stock with a sell rating, six have issued a hold rating and seventeen have issued a buy rating to the company. The Ultimate Software Group presently has an average rating of “Buy” and an average target price of $232.37.

In related news, Director James A. Fitzpatrick, Jr. sold 4,585 shares of the firm’s stock in a transaction on Friday, November 3rd. The stock was sold at an average price of $205.82, for a total transaction of $943,684.70. Following the completion of the transaction, the director now directly owns 14,650 shares of the company’s stock, valued at approximately $3,015,263. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Chairman Scott Scherr sold 43,537 shares of the firm’s stock in a transaction on Tuesday, November 7th. The stock was sold at an average price of $196.21, for a total value of $8,542,394.77. Following the transaction, the chairman now directly owns 426,427 shares of the company’s stock, valued at $83,669,241.67. The disclosure for this sale can be found here. In the last three months, insiders have sold 116,259 shares of company stock worth $22,912,048. 4.90% of the stock is currently owned by company insiders.

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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.

Insider Buying and Selling by Quarter for The Ultimate Software Group (NASDAQ:ULTI)

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