Zacks: Brokerages Expect The Ultimate Software Group, Inc. (ULTI) Will Post Quarterly Sales of $300.65 Million
Equities research analysts predict that The Ultimate Software Group, Inc. (NASDAQ:ULTI) will announce $300.65 million in sales for the current quarter, Zacks Investment Research reports. Twelve analysts have issued estimates for The Ultimate Software Group’s earnings, with the highest sales estimate coming in at $302.91 million and the lowest estimate coming in at $299.61 million. The Ultimate Software Group posted sales of $251.43 million in the same quarter last year, which would indicate a positive year over year growth rate of 19.6%. The business is scheduled to report its next quarterly earnings report on Tuesday, February 5th.
On average, analysts expect that The Ultimate Software Group will report full-year sales of $1.14 billion for the current financial year. For the next year, analysts forecast that the business will post sales of $1.36 billion, with estimates ranging from $1.36 billion to $1.37 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that that provide coverage for The Ultimate Software Group.
The Ultimate Software Group (NASDAQ:ULTI) last announced its earnings results on Tuesday, October 30th. The technology company reported $1.33 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.32 by $0.01. The Ultimate Software Group had a return on equity of 8.17% and a net margin of 4.57%. The company had revenue of $287.83 million for the quarter, compared to analyst estimates of $287.22 million. During the same period in the prior year, the company posted $1.05 EPS. The Ultimate Software Group’s quarterly revenue was up 21.9% on a year-over-year basis.
Shares of ULTI traded up $4.02 during trading on Friday, reaching $250.80. The company’s stock had a trading volume of 262,800 shares, compared to its average volume of 278,834. The Ultimate Software Group has a twelve month low of $194.80 and a twelve month high of $332.43. The firm has a market cap of $7.80 billion, a price-to-earnings ratio of 309.63, a PEG ratio of 5.57 and a beta of 1.19. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.01.
In related news, Director James A. Fitzpatrick, Jr. sold 494 shares of the company’s stock in a transaction on Friday, November 2nd. The stock was sold at an average price of $267.20, for a total transaction of $131,996.80. Following the completion of the transaction, the director now directly owns 9,969 shares in the company, valued at approximately $2,663,716.80. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, VP Gregory Swick sold 4,252 shares of the company’s stock in a transaction on Tuesday, November 6th. The stock was sold at an average price of $257.00, for a total value of $1,092,764.00. Following the transaction, the vice president now owns 25,460 shares of the company’s stock, valued at $6,543,220. The disclosure for this sale can be found here. Corporate insiders own 3.00% of the company’s stock.
Institutional investors and hedge funds have recently modified their holdings of the stock. First Hawaiian Bank bought a new position in The Ultimate Software Group during the 3rd quarter worth $109,000. Brown Brothers Harriman & Co. grew its stake in The Ultimate Software Group by 56.3% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 555 shares of the technology company’s stock worth $179,000 after buying an additional 200 shares during the last quarter. We Are One Seven LLC bought a new position in The Ultimate Software Group during the 3rd quarter worth $207,000. Alpine Global Management LLC bought a new position in The Ultimate Software Group during the 3rd quarter worth $217,000. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management bought a new position in The Ultimate Software Group during the 3rd quarter worth $249,000.
About The Ultimate Software Group
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.
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