The Ultimate Software Group, Inc. (NASDAQ:ULTI) - Equities research analysts at KeyCorp cut their Q1 2018 earnings per share estimates for The Ultimate Software Group in a research report issued to clients and investors on Tuesday. KeyCorp analyst T. Upton now expects that the technology company will post earnings of $0.07 per share for the quarter, down from their prior forecast of $0.08. KeyCorp currently has a “Buy” rating and a $235.00 price target on the stock. KeyCorp also issued estimates for The Ultimate Software Group’s Q2 2018 earnings at $0.27 EPS and FY2018 earnings at $1.03 EPS.
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 the consensus estimate of $0.21 by $0.03. The Ultimate Software Group had a return on equity of 7.20% and a net margin of 3.47%. The firm had revenue of $224.70 million during the quarter, compared to the consensus estimate of $228.02 million. During the same period in the prior year, the company posted $0.76 EPS. The firm’s revenue was up 20.4% on a year-over-year basis. COPYRIGHT VIOLATION WARNING: “Q1 2018 EPS Estimates for The Ultimate Software Group, Inc. (ULTI) Lowered by Analyst” was reported by StockNewsTimes and is the sole property of of StockNewsTimes. If you are viewing this story on another site, it was copied illegally and reposted in violation of U.S. and international trademark & copyright laws. The legal version of this story can be read at https://stocknewstimes.com/2017/08/19/q1-2018-eps-estimates-for-the-ultimate-software-group-inc-ulti-lowered-by-analyst.html.
A number of other brokerages also recently issued reports on ULTI. Canaccord Genuity reduced their price target on The Ultimate Software Group from $240.00 to $225.00 and set a “buy” rating on the stock in a research report on Wednesday, August 2nd. Deutsche Bank AG downgraded The Ultimate Software Group from a “buy” rating to a “hold” rating and reduced their price target for the stock from $230.00 to $210.00 in a research report on Wednesday, August 2nd. Roth Capital upped their price target on The Ultimate Software Group from $254.00 to $280.00 and gave the stock a “buy” rating in a research report on Monday, July 31st. BidaskClub downgraded The Ultimate Software Group from a “strong-buy” rating to a “buy” rating in a research report on Friday, June 30th. Finally, Royal Bank Of Canada reduced their price target on The Ultimate Software Group from $233.00 to $216.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 2nd. One research analyst has rated the stock with a sell rating, five have given a hold rating and sixteen have issued a buy rating to the company. The Ultimate Software Group has a consensus rating of “Buy” and a consensus target price of $235.67.
The Ultimate Software Group (NASDAQ ULTI) opened at 195.88 on Friday. The Ultimate Software Group has a 12 month low of $180.29 and a 12 month high of $233.42. The stock has a 50 day moving average price of $210.24 and a 200 day moving average price of $205.72. The company has a market cap of $5.84 billion, a price-to-earnings ratio of 202.15 and a beta of 1.08.
A number of large investors have recently bought and sold shares of the stock. Balyasny Asset Management LLC raised its stake in The Ultimate Software Group by 0.6% in the second quarter. Balyasny Asset Management LLC now owns 1,668 shares of the technology company’s stock valued at $350,000 after buying an additional 10 shares during the last quarter. Suntrust Banks Inc. raised 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 last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised 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 last quarter. M&T Bank Corp raised its stake in The Ultimate Software Group by 1.0% in the second quarter. M&T Bank Corp now owns 5,641 shares of the technology company’s stock valued at $1,184,000 after buying an additional 56 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its stake in The Ultimate Software Group by 5.2% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,147 shares of the technology company’s stock valued at $241,000 after buying an additional 57 shares during the last quarter.
In other The Ultimate Software Group news, VP Robert Manne sold 5,000 shares of the company’s stock in a transaction on Thursday, August 3rd. The shares were sold at an average price of $200.39, for a total value of $1,001,950.00. Following the sale, the vice president now directly owns 78,633 shares of the company’s stock, valued at $15,757,266.87. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director James A. Fitzpatrick, Jr. sold 4,613 shares of the company’s stock in a transaction on Thursday, August 3rd. The shares were sold at an average price of $200.39, for a total transaction of $924,399.07. Following the completion of the sale, the director now directly owns 15,000 shares in the company, valued at $3,005,850. The disclosure for this sale can be found here. 5.60% of the stock is owned by insiders.
The Ultimate Software Group Company Profile
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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