$1.14 Earnings Per Share Expected for The Ultimate Software Group, Inc. (ULTI) This Quarter

Analysts expect The Ultimate Software Group, Inc. (NASDAQ:ULTI) to report earnings of $1.14 per share for the current fiscal quarter, according to Zacks Investment Research. Eleven analysts have provided estimates for The Ultimate Software Group’s earnings, with the lowest EPS estimate coming in at $1.12 and the highest estimate coming in at $1.17. The Ultimate Software Group reported earnings per share of $0.75 in the same quarter last year, which would suggest a positive year over year growth rate of 52%. The company is scheduled to report its next quarterly earnings report on Tuesday, April 24th.

On average, analysts expect that The Ultimate Software Group will report full-year earnings of $5.37 per share for the current fiscal year, with EPS estimates ranging from $4.58 to $5.69. For the next financial year, analysts forecast that the firm will post earnings of $6.46 per share, with EPS estimates ranging from $5.71 to $6.91. Zacks Investment Research’s earnings per share calculations are a mean 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 released its quarterly earnings results on Tuesday, February 6th. The technology company reported $1.11 EPS for the quarter, topping the consensus estimate of $0.87 by $0.24. The Ultimate Software Group had a return on equity of 5.31% and a net margin of 1.59%. The business had revenue of $251.43 million during the quarter, compared to analyst estimates of $244.83 million. During the same period last year, the business posted $0.91 earnings per share. The company’s quarterly revenue was up 19.4% on a year-over-year basis.

Several research analysts have recently commented on ULTI shares. Royal Bank of Canada restated a “buy” rating and set a $210.00 price target on shares of The Ultimate Software Group in a research report on Friday, October 20th. Zacks Investment Research upgraded The Ultimate Software Group from a “sell” rating to a “hold” rating in a research report on Tuesday, October 31st. Piper Jaffray Companies restated an “overweight” rating and set a $250.00 price target on shares of The Ultimate Software Group in a research report on Tuesday, January 16th. BidaskClub lowered The Ultimate Software Group from a “buy” rating to a “hold” rating in a research report on Thursday, January 18th. Finally, Mizuho restated a “hold” rating and set a $200.00 price target on shares of The Ultimate Software Group in a research report on Thursday, December 14th. One analyst has rated the stock with a sell rating, four have given a hold rating and eighteen have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $243.90.

In related news, VP Robert Manne sold 5,000 shares of The Ultimate Software Group stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $228.85, for a total value of $1,144,250.00. Following the completion of the transaction, the vice president now directly owns 63,873 shares in the company, valued at $14,617,336.05. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP John C. Phenicie sold 7,088 shares of The Ultimate Software Group stock in a transaction on Monday, February 12th. The shares were sold at an average price of $226.48, for a total value of $1,605,290.24. Following the completion of the transaction, the vice president now owns 32,158 shares of the company’s stock, valued at $7,283,143.84. The disclosure for this sale can be found here. Over the last quarter, insiders sold 279,019 shares of company stock valued at $62,615,236. 4.90% of the stock is currently owned by company insiders.

A number of institutional investors have recently bought and sold shares of the business. 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 in the last quarter. Oregon Public Employees Retirement Fund raised its stake in The Ultimate Software Group by 2.7% in the third quarter. Oregon Public Employees Retirement Fund now owns 10,955 shares of the technology company’s stock valued at $2,077,000 after buying an additional 288 shares in the last quarter. DF Dent & Co. Inc. raised its stake in The Ultimate Software Group by 12.3% in the third quarter. DF Dent & Co. Inc. now owns 2,787 shares of the technology company’s stock valued at $528,000 after buying an additional 305 shares in the last quarter. Amalgamated Bank raised its stake in The Ultimate Software Group by 5.6% in the fourth quarter. Amalgamated Bank now owns 5,983 shares of the technology company’s stock valued at $1,306,000 after buying an additional 316 shares in the last quarter. Finally, Tyers Asset Management LLC raised its stake in The Ultimate Software Group by 18.7% in the fourth quarter. Tyers Asset Management LLC now owns 2,032 shares of the technology company’s stock valued at $443,000 after buying an additional 320 shares in the last quarter.

The Ultimate Software Group (NASDAQ ULTI) traded down $1.34 on Friday, hitting $245.62. The stock had a trading volume of 262,475 shares, compared to its average volume of 322,208. The Ultimate Software Group has a 1-year low of $181.59 and a 1-year high of $247.79. The stock has a market capitalization of $7,320.00, a price-to-earnings ratio of 327.49, a P/E/G ratio of 5.92 and a beta of 1.07. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.18 and a current ratio of 1.18.

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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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Earnings History and Estimates for The Ultimate Software Group (NASDAQ:ULTI)

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