Shares of The Ultimate Software Group, Inc. (NASDAQ:ULTI) have been given a consensus rating of “Buy” by the twenty-four brokerages that are presently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, five have assigned a hold rating and seventeen have issued a buy rating on the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $243.90.

ULTI has been the subject of several research analyst reports. Stifel Nicolaus lifted their price objective on shares of The Ultimate Software Group from $235.00 to $250.00 and gave the company a “buy” rating in a research note on Thursday, November 2nd. Mizuho restated a “hold” rating and issued a $200.00 price objective on shares of The Ultimate Software Group in a research note on Thursday, December 14th. BidaskClub upgraded The Ultimate Software Group from a “hold” rating to a “buy” rating in a research note on Thursday, December 21st. Canaccord Genuity boosted their price objective on The Ultimate Software Group from $225.00 to $240.00 and gave the company a “buy” rating in a research note on Thursday, November 2nd. Finally, Zacks Investment Research cut The Ultimate Software Group from a “hold” rating to a “sell” rating in a research note on Thursday, October 19th.

In other news, Director James A. Fitzpatrick, Jr. sold 4,230 shares of the business’s stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $228.63, for a total transaction of $967,104.90. Following the completion of the transaction, the director now owns 9,145 shares of the company’s stock, valued at $2,090,821.35. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Robert Manne sold 5,000 shares of the business’s stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $228.85, for a total value of $1,144,250.00. Following the transaction, the vice president now directly owns 63,873 shares of the company’s stock, valued at approximately $14,617,336.05. The disclosure for this sale can be found here. Corporate insiders own 4.90% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of ULTI. Zions Bancorporation purchased a new stake in The Ultimate Software Group in the third quarter worth approximately $182,000. Banque Pictet & Cie SA purchased a new position in The Ultimate Software Group during the 3rd quarter valued at $209,000. CIBC Asset Management Inc purchased a new position in The Ultimate Software Group during the 4th quarter valued at $213,000. FineMark National Bank & Trust purchased a new position in The Ultimate Software Group during the 4th quarter valued at $217,000. Finally, Nomura Holdings Inc. purchased a new position in The Ultimate Software Group during the 2nd quarter valued at $229,000.

The Ultimate Software Group (ULTI) traded down $2.97 during trading on Friday, reaching $219.12. 275,036 shares of the company’s stock traded hands, compared to its average volume of 290,195. 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 52-week low of $181.59 and a 52-week high of $242.93. The company has a market cap of $6,936.26, a price-to-earnings ratio of 457.08, a price-to-earnings-growth ratio of 8.61 and a beta of 1.07.

The Ultimate Software Group (NASDAQ:ULTI) last released its quarterly earnings results on Tuesday, February 6th. The technology company reported $1.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.87 by $0.24. The firm had revenue of $251.43 million during the quarter, compared to analyst estimates of $244.83 million. The Ultimate Software Group had a net margin of 1.59% and a return on equity of 5.31%. The company’s revenue was up 19.4% compared to the same quarter last year. During the same quarter last year, the business earned $0.91 EPS. equities research analysts expect that The Ultimate Software Group will post 1.32 EPS for the current fiscal 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.

Analyst Recommendations for The Ultimate Software Group (NASDAQ:ULTI)

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