The Ultimate Software Group (ULTI) Receiving Somewhat Favorable Press Coverage, Report Finds
Press coverage about The Ultimate Software Group (NASDAQ:ULTI) has been trending somewhat positive this week, Accern reports. The research firm identifies positive and negative press coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. The Ultimate Software Group earned a news sentiment score of 0.09 on Accern’s scale. Accern also assigned news coverage about the technology company an impact score of 46.4421387348388 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.
Several research analysts recently weighed in on the stock. BidaskClub upgraded shares of The Ultimate Software Group from a “buy” rating to a “strong-buy” rating in a research report on Friday, August 31st. Piper Jaffray Companies restated an “overweight” rating and issued a $360.00 price objective on shares of The Ultimate Software Group in a research report on Monday, August 27th. Wells Fargo & Co set a $330.00 price objective on shares of The Ultimate Software Group and gave the stock a “buy” rating in a research report on Tuesday, July 24th. JMP Securities boosted their price objective on shares of The Ultimate Software Group from $280.00 to $317.00 and gave the stock a “$293.94” rating in a research report on Monday, July 23rd. Finally, Guggenheim assumed coverage on shares of The Ultimate Software Group in a research report on Monday, August 20th. They issued a “neutral” rating and a $300.00 price objective for the company. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $291.30.
Shares of The Ultimate Software Group stock opened at $314.74 on Friday. The firm has a market cap of $9.71 billion, a price-to-earnings ratio of 388.57, a price-to-earnings-growth ratio of 5.71 and a beta of 1.03. The Ultimate Software Group has a 52 week low of $181.59 and a 52 week high of $317.12. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.14 and a quick ratio of 1.14.
In other The Ultimate Software Group news, VP John C. Phenicie sold 5,000 shares of the company’s stock in a transaction on Thursday, August 2nd. The shares were sold at an average price of $279.07, for a total transaction of $1,395,350.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director James A. Fitzpatrick, Jr. sold 505 shares of the company’s stock in a transaction on Thursday, August 2nd. The shares were sold at an average price of $276.70, for a total transaction of $139,733.50. The disclosure for this sale can be found here. Insiders have sold a total of 15,505 shares of company stock valued at $4,329,184 in the last quarter. Corporate insiders own 3.00% of the company’s stock.
The Ultimate Software Group Company Profile
The Ultimate Software Group, Inc provides cloud-based human capital management solutions primarily to enterprise companies in the United States and Canada. The company's UltiPro software solution delivers the functionality businesses to manage the employee life cycle from recruitment to retirement.
Further Reading: How to Invest in Marijuana Stocks
Receive News & Ratings for The Ultimate Software Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Ultimate Software Group and related companies with MarketBeat.com's FREE daily email newsletter.