The Ultimate Software Group (NASDAQ: ULTI) has recently received a number of price target changes and ratings updates:

  • 2/6/2019 – The Ultimate Software Group had its price target raised by analysts at SunTrust Banks, Inc. to $331.50.
  • 2/5/2019 – The Ultimate Software Group was downgraded by analysts at Credit Suisse Group AG from an “outperform” rating to a “neutral” rating.
  • 2/5/2019 – The Ultimate Software Group was downgraded by analysts at Raymond James from an “outperform” rating to a “market perform” rating.
  • 2/5/2019 – The Ultimate Software Group was downgraded by analysts at Deutsche Bank AG from a “buy” rating to a “hold” rating.
  • 2/5/2019 – The Ultimate Software Group was downgraded by analysts at Jefferies Financial Group Inc from a “buy” rating to a “hold” rating. They now have a $332.54 price target on the stock.
  • 2/4/2019 – The Ultimate Software Group was upgraded by analysts at ValuEngine from a “buy” rating to a “strong-buy” rating.
  • 2/4/2019 – The Ultimate Software Group was downgraded by analysts at Roth Capital from a “buy” rating to a “neutral” rating.
  • 2/4/2019 – The Ultimate Software Group was downgraded by analysts at UBS Group AG to a “neutral” rating. They now have a $331.50 price target on the stock, up previously from $303.00.
  • 2/1/2019 – The Ultimate Software Group is now covered by analysts at Goldman Sachs Group Inc. They set a “neutral” rating on the stock.
  • 1/25/2019 – The Ultimate Software Group is now covered by analysts at Deutsche Bank AG. They set a “buy” rating and a $267.32 price target on the stock.
  • 1/9/2019 – The Ultimate Software Group was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 1/5/2019 – The Ultimate Software Group was upgraded by analysts at Zacks Investment Research from a “strong sell” rating to a “hold” rating. According to Zacks, “Ultimate Software provides cloud-based human capital management (HCM) software solutions. Ultimate Software is gaining from increasing demand for HCM solutions, traction in mid & strategic markets, expanding customer base and impressive customer retention rates.Further, robust traction of UltiPro solutions including UltiPro Workforce Management and UltiPro Benefits Prime is a tailwind. However, intensifying competition in the HCM market could lead to pricing pressure and affect Ultimate Software’s margins. Further, higher operating expenses primarily owing to an increase in headcount and marketing spending is a major concern. This apart, the ongoing trend to invest more in cloud solutions exposes Ultimate Software to the risk of losing existing enterprise customers, can adversely impact its top-line performance, especially in the near term.”
  • 12/13/2018 – The Ultimate Software Group was upgraded by analysts at Evercore ISI from an “in-line” rating to an “outperform” rating. They now have a $310.00 price target on the stock.

ULTI traded down $0.82 during trading on Monday, reaching $331.59. 574,693 shares of the company were exchanged, compared to its average volume of 632,834. The company has a market cap of $10.39 billion, a P/E ratio of 138.74, a PEG ratio of 6.30 and a beta of 1.25. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.07 and a quick ratio of 1.04. The Ultimate Software Group, Inc. has a 52 week low of $216.87 and a 52 week high of $365.86.

The Ultimate Software Group (NASDAQ:ULTI) last issued its quarterly earnings data on Monday, February 4th. The technology company reported $1.95 EPS for the quarter, topping the Zacks’ consensus estimate of $0.58 by $1.37. The firm had revenue of $304.80 million during the quarter, compared to the consensus estimate of $300.60 million. The Ultimate Software Group had a return on equity of 9.90% and a net margin of 5.71%. The firm’s revenue was up 21.2% on a year-over-year basis. During the same period in the prior year, the business earned $1.11 EPS. As a group, research analysts anticipate that The Ultimate Software Group, Inc. will post 2.48 earnings per share for the current year.

In other news, Director James A. Fitzpatrick, Jr. sold 531 shares of the stock in a transaction on Thursday, February 7th. The stock was sold at an average price of $332.00, for a total value of $176,292.00. Following the completion of the transaction, the director now owns 9,937 shares of the company’s stock, valued at $3,299,084. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP John C. Phenicie sold 5,000 shares of the stock in a transaction on Thursday, February 7th. The stock was sold at an average price of $331.97, for a total value of $1,659,850.00. Following the completion of the transaction, the vice president now directly owns 51,677 shares of the company’s stock, valued at approximately $17,155,213.69. The disclosure for this sale can be found here. 3.00% of the stock is owned by corporate insiders.

Several large investors have recently added to or reduced their stakes in the company. Eagle Asset Management Inc. grew its stake in shares of The Ultimate Software Group by 2.0% in the fourth quarter. Eagle Asset Management Inc. now owns 395,332 shares of the technology company’s stock worth $96,804,000 after purchasing an additional 7,619 shares in the last quarter. Bruderman Asset Management LLC bought a new position in shares of The Ultimate Software Group in the fourth quarter worth $490,000. Texas Permanent School Fund grew its stake in shares of The Ultimate Software Group by 4.2% in the fourth quarter. Texas Permanent School Fund now owns 20,462 shares of the technology company’s stock worth $5,011,000 after purchasing an additional 831 shares in the last quarter. Stephens Inc. AR grew its stake in shares of The Ultimate Software Group by 4.3% in the fourth quarter. Stephens Inc. AR now owns 3,432 shares of the technology company’s stock worth $840,000 after purchasing an additional 143 shares in the last quarter. Finally, Lee Capital Asset Management LLC bought a new position in shares of The Ultimate Software Group in the fourth quarter worth $3,778,000. 96.74% of the stock is owned by institutional investors.

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.

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