The Ultimate Software Group (NASDAQ:ULTI) was upgraded by equities researchers at ValuEngine from a “buy” rating to a “strong-buy” rating in a research note issued to investors on Monday.

Several other equities analysts have also issued reports on ULTI. BidaskClub lowered The Ultimate Software Group from a “buy” rating to a “hold” rating in a report on Tuesday, October 9th. Jefferies Financial Group reduced their target price on The Ultimate Software Group to $330.00 and set a “buy” rating for the company in a report on Wednesday, October 31st. Evercore ISI raised The Ultimate Software Group from an “in-line” rating to an “outperform” rating and set a $310.00 target price for the company in a report on Thursday, December 13th. Zacks Investment Research raised The Ultimate Software Group from a “strong sell” rating to a “hold” rating in a report on Saturday, January 5th. Finally, Deutsche Bank initiated coverage on The Ultimate Software Group in a report on Friday, January 25th. They issued a “buy” rating and a $267.32 target price for the company. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The Ultimate Software Group currently has a consensus rating of “Hold” and an average price target of $299.70.

ULTI stock opened at $332.00 on Monday. The company has a market capitalization of $8.69 billion, a PE ratio of 409.88, a price-to-earnings-growth ratio of 4.77 and a beta of 1.25. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.04 and a quick ratio of 1.04. The Ultimate Software Group has a 12-month low of $207.02 and a 12-month high of $365.86.

The Ultimate Software Group (NASDAQ:ULTI) last released its earnings results on Monday, February 4th. The technology company reported $1.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.58 by $1.37. The company had revenue of $304.80 million during the quarter, compared to analyst estimates of $300.60 million. The Ultimate Software Group had a return on equity of 8.17% and a net margin of 4.57%. The Ultimate Software Group’s quarterly revenue was up 21.2% on a year-over-year basis. During the same period in the prior year, the company posted $1.11 earnings per share. Analysts anticipate that The Ultimate Software Group will post 2.11 earnings per share for the current fiscal year.

A number of hedge funds and other institutional investors have recently made changes to their positions in ULTI. First Hawaiian Bank grew its holdings in The Ultimate Software Group by 25.3% during the fourth quarter. First Hawaiian Bank now owns 426 shares of the technology company’s stock valued at $105,000 after purchasing an additional 86 shares during the period. Brown Brothers Harriman & Co. grew its holdings in The Ultimate Software Group by 56.3% during the third quarter. Brown Brothers Harriman & Co. now owns 555 shares of the technology company’s stock valued at $179,000 after purchasing an additional 200 shares during the period. We Are One Seven LLC bought a new position in The Ultimate Software Group during the third quarter valued at $207,000. Alpine Global Management LLC purchased a new stake in shares of The Ultimate Software Group during the third quarter worth $217,000. Finally, Creative Planning lifted its position in shares of The Ultimate Software Group by 5.0% during the fourth quarter. Creative Planning now owns 886 shares of the technology company’s stock worth $217,000 after acquiring an additional 42 shares in the last quarter. 96.69% of the stock is owned by institutional investors and hedge funds.

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 need to manage the employee life cycle from recruitment to retirement.

Further Reading: Coverage Ratio

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

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