The Ultimate Software Group, Inc. (ULTI) Receives Average Rating of “Buy” from Analysts

Shares of The Ultimate Software Group, Inc. (NASDAQ:ULTI) have earned a consensus rating of “Buy” from the twenty-four ratings firms that are currently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $253.29.

A number of analysts have recently issued reports on the company. TheStreet upgraded The Ultimate Software Group from a “c+” rating to a “b-” rating in a report on Tuesday, May 1st. BidaskClub upgraded The Ultimate Software Group from a “hold” rating to a “buy” rating in a report on Friday, February 16th. Stifel Nicolaus boosted their target price on The Ultimate Software Group from $250.00 to $275.00 and gave the stock a “buy” rating in a report on Wednesday, May 2nd. Needham & Company LLC boosted their target price on The Ultimate Software Group to $280.00 and gave the stock a “buy” rating in a report on Wednesday, May 2nd. Finally, SunTrust Banks boosted their target price on The Ultimate Software Group from $250.00 to $280.00 and gave the stock a “buy” rating in a report on Wednesday, May 2nd.

In other The Ultimate Software Group news, CFO Felicia Alvaro sold 2,000 shares of the company’s stock in a transaction that occurred on Friday, May 4th. The stock was sold at an average price of $250.84, for a total value of $501,680.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Robert Manne sold 5,000 shares of the company’s stock in a transaction that occurred on Thursday, May 3rd. The shares were sold at an average price of $247.12, for a total value of $1,235,600.00. Following the completion of the transaction, the vice president now directly owns 68,692 shares in the company, valued at $16,975,167.04. The disclosure for this sale can be found here. Insiders have sold a total of 11,375 shares of company stock worth $2,819,786 over the last three months. 3.00% of the stock is currently owned by corporate insiders.



Institutional investors and hedge funds have recently made changes to their positions in the business. Summit Trail Advisors LLC raised its position in shares of The Ultimate Software Group by 23,735.4% in the 1st quarter. Summit Trail Advisors LLC now owns 115,840 shares of the technology company’s stock valued at $116,000 after purchasing an additional 115,354 shares in the last quarter. Captrust Financial Advisors acquired a new position in shares of The Ultimate Software Group in the 4th quarter valued at approximately $119,000. We Are One Seven LLC raised its position in shares of The Ultimate Software Group by 181.5% in the 1st quarter. We Are One Seven LLC now owns 729 shares of the technology company’s stock valued at $178,000 after purchasing an additional 470 shares in the last quarter. CIBC Asset Management Inc acquired a new position in shares of The Ultimate Software Group in the 4th quarter valued at approximately $213,000. Finally, BB&T Securities LLC acquired a new position in shares of The Ultimate Software Group in the 1st quarter valued at approximately $221,000.

ULTI traded up $3.76 during midday trading on Thursday, hitting $275.45. The company’s stock had a trading volume of 2,066 shares, compared to its average volume of 270,972. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.08 and a quick ratio of 1.08. The stock has a market capitalization of $8.11 billion, a price-to-earnings ratio of 340.06, a price-to-earnings-growth ratio of 5.41 and a beta of 0.97. The Ultimate Software Group has a 52-week low of $181.59 and a 52-week high of $274.64.

The Ultimate Software Group (NASDAQ:ULTI) last posted its quarterly earnings results on Tuesday, May 1st. The technology company reported $1.30 EPS for the quarter, beating the consensus estimate of $1.13 by $0.17. The company had revenue of $277.00 million during the quarter, compared to analysts’ expectations of $270.80 million. The Ultimate Software Group had a return on equity of 6.24% and a net margin of 2.90%. The firm’s revenue was up 21.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.75 EPS. equities research analysts anticipate that The Ultimate Software Group will post 2.25 earnings per share for the current year.

About The Ultimate Software Group

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 to manage the employee life cycle from recruitment to retirement.

Analyst Recommendations for The Ultimate Software Group (NASDAQ:ULTI)

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