The Ultimate Software Group, Inc. (NASDAQ:ULTI) has been assigned a consensus rating of “Buy” from the twenty-three analysts that are presently covering the company, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $235.31.
A number of equities analysts have recently issued reports on the stock. KeyCorp restated a “buy” rating on shares of The Ultimate Software Group in a research report on Wednesday. Royal Bank Of Canada lowered their target price on shares of The Ultimate Software Group from $233.00 to $216.00 and set an “outperform” rating on the stock in a research report on Wednesday. Stephens restated an “equal weight” rating and set a $203.00 target price (down from $215.00) on shares of The Ultimate Software Group in a research report on Wednesday. Stifel Nicolaus reaffirmed a “buy” rating and set a $235.00 price target on shares of The Ultimate Software Group in a report on Friday, July 28th. Finally, Mizuho reaffirmed a “neutral” rating and set a $200.00 price target (down from $220.00) on shares of The Ultimate Software Group in a report on Tuesday.
A number of hedge funds have recently bought and sold shares of the company. Suntrust Banks Inc. boosted its stake in The Ultimate Software Group by 1.5% in the first quarter. Suntrust Banks Inc. now owns 2,627 shares of the technology company’s stock valued at $512,000 after buying an additional 40 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in The Ultimate Software Group by 0.9% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 4,333 shares of the technology company’s stock valued at $846,000 after buying an additional 40 shares during the period. Teacher Retirement System of Texas boosted its stake in The Ultimate Software Group by 3.2% in the second quarter. Teacher Retirement System of Texas now owns 2,258 shares of the technology company’s stock valued at $474,000 after buying an additional 69 shares during the period. World Asset Management Inc boosted its stake in The Ultimate Software Group by 3.7% in the second quarter. World Asset Management Inc now owns 2,122 shares of the technology company’s stock valued at $446,000 after buying an additional 75 shares during the period. Finally, Oregon Public Employees Retirement Fund boosted its stake in The Ultimate Software Group by 1.0% in the first quarter. Oregon Public Employees Retirement Fund now owns 10,184 shares of the technology company’s stock valued at $1,988,000 after buying an additional 100 shares during the period.
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The Ultimate Software Group (NASDAQ ULTI) traded up 0.31% during mid-day trading on Monday, reaching $200.62. 723,076 shares of the company’s stock traded hands. The Ultimate Software Group has a 12-month low of $180.29 and a 12-month high of $233.42. The stock has a market capitalization of $5.96 billion, a PE ratio of 206.82 and a beta of 1.08. The stock has a 50-day moving average price of $217.85 and a 200-day moving average price of $206.02.
The Ultimate Software Group (NASDAQ:ULTI) last announced its earnings results on Tuesday, August 1st. The technology company reported $0.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.21 by $0.03. The business had revenue of $224.70 million for the quarter, compared to analysts’ expectations of $228.02 million. The Ultimate Software Group had a return on equity of 7.43% and a net margin of 3.47%. The business’s revenue was up 20.4% on a year-over-year basis. During the same quarter last year, the business posted $0.76 earnings per share. Equities research analysts expect that The Ultimate Software Group will post $3.55 EPS for the current year.
About The Ultimate Software Group
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.
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