Zacks: Analysts Anticipate The Ultimate Software Group, Inc. (ULTI) to Announce $1.14 Earnings Per Share

Brokerages predict that The Ultimate Software Group, Inc. (NASDAQ:ULTI) will post earnings of $1.14 per share for the current quarter, according to Zacks. Eleven analysts have made estimates for The Ultimate Software Group’s earnings, with estimates ranging from $1.12 to $1.17. The Ultimate Software Group reported earnings of $0.75 per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 52%. The firm is expected to report its next quarterly earnings report after the market closes on Tuesday, May 1st.

On average, analysts expect that The Ultimate Software Group will report full-year earnings of $5.43 per share for the current year, with EPS estimates ranging from $5.26 to $5.69. For the next fiscal year, analysts expect that the firm will report earnings of $6.54 per share, with EPS estimates ranging from $6.18 to $6.91. Zacks’ EPS averages are a mean average based on a survey of research analysts that cover The Ultimate Software Group.

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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.



A number of research firms recently issued reports on ULTI. Mizuho reiterated a “buy” rating and issued a $270.00 target price on shares of The Ultimate Software Group in a report on Tuesday. JMP Securities lifted their target price on The Ultimate Software Group from $230.00 to $260.00 and gave the company a “market outperform” rating in a report on Tuesday, April 17th. ValuEngine upgraded The Ultimate Software Group from a “hold” rating to a “buy” rating in a report on Monday, April 2nd. BidaskClub upgraded The Ultimate Software Group from a “hold” rating to a “buy” rating in a report on Tuesday, March 27th. Finally, Wedbush lowered The Ultimate Software Group from an “outperform” rating to a “neutral” rating and lifted their target price for the company from $234.00 to $255.00 in a report on Wednesday, March 14th. One research analyst has rated the stock with a sell rating, four have given a hold rating and eighteen have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $248.95.

In other news, Director James A. Fitzpatrick, Jr. sold 4,230 shares of The Ultimate Software Group stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $228.63, for a total transaction of $967,104.90. Following the sale, the director now owns 9,145 shares in the company, valued at $2,090,821.35. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Rick Wilber sold 5,000 shares of The Ultimate Software Group stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $244.96, for a total value of $1,224,800.00. The disclosure for this sale can be found here. Insiders have sold a total of 284,019 shares of company stock valued at $63,840,036 over the last ninety days. 3.00% of the stock is owned by company insiders.

Several institutional investors and hedge funds have recently bought and sold shares of ULTI. Carillon Tower Advisers Inc. acquired a new stake in shares of The Ultimate Software Group during the fourth quarter worth about $137,283,000. Millennium Management LLC increased its position in shares of The Ultimate Software Group by 279.8% during the fourth quarter. Millennium Management LLC now owns 272,126 shares of the technology company’s stock worth $59,386,000 after purchasing an additional 200,469 shares in the last quarter. William Blair Investment Management LLC increased its position in shares of The Ultimate Software Group by 60.3% during the fourth quarter. William Blair Investment Management LLC now owns 378,492 shares of the technology company’s stock worth $82,598,000 after purchasing an additional 142,353 shares in the last quarter. Victory Capital Management Inc. increased its position in shares of The Ultimate Software Group by 21.1% during the fourth quarter. Victory Capital Management Inc. now owns 456,014 shares of the technology company’s stock worth $99,516,000 after purchasing an additional 79,585 shares in the last quarter. Finally, Bain Capital Public Equity Management LLC increased its position in shares of The Ultimate Software Group by 124.4% during the fourth quarter. Bain Capital Public Equity Management LLC now owns 120,294 shares of the technology company’s stock worth $26,252,000 after purchasing an additional 66,697 shares in the last quarter.

NASDAQ:ULTI traded down $2.29 during midday trading on Wednesday, reaching $238.35. The company had a trading volume of 177,760 shares, compared to its average volume of 275,253. The firm has a market cap of $7,653.19, a PE ratio of 294.26, a price-to-earnings-growth ratio of 6.04 and a beta of 0.97. The Ultimate Software Group has a 12-month low of $181.59 and a 12-month high of $257.93. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.01.

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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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