News stories about The Ultimate Software Group (NASDAQ:ULTI) have trended somewhat positive on Saturday, according to Accern Sentiment. Accern identifies positive and negative press coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. The Ultimate Software Group earned a coverage optimism score of 0.23 on Accern’s scale. Accern also gave press coverage about the technology company an impact score of 45.4924948867942 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
These are some of the media headlines that may have impacted Accern Sentiment Analysis’s scoring:
- Ultimate Software Named to Canada’s 50 Best Workplaces for Women List (conferencing.tmcnet.com)
- Ultimate Software Named to Canada’s 50 Best Workplaces for Women List – Markets Insider (markets.businessinsider.com)
- Ultimate Software Named to Canada’s 50 Best Workplaces for Women List (finance.yahoo.com)
- One of the World’s Largest Gypsum Board Producers Uses UltiPro to Addresses Global Manufacturing Challenges (conferencing.tmcnet.com)
- One of the World’s Largest Gypsum Board Producers Uses UltiPro to Addresses Global Manufacturing Challenges (markets.financialcontent.com)
ULTI has been the topic of several recent analyst reports. Piper Jaffray Companies reiterated an “overweight” rating and set a $250.00 price objective on shares of The Ultimate Software Group in a report on Tuesday, January 16th. BidaskClub cut The Ultimate Software Group from a “buy” rating to a “hold” rating in a report on Thursday, January 18th. Mizuho reiterated a “hold” rating and set a $200.00 price objective on shares of The Ultimate Software Group in a report on Thursday, December 14th. Citigroup reiterated an “overweight” rating and set a $232.00 price objective on shares of The Ultimate Software Group in a report on Wednesday, February 7th. Finally, Zacks Investment Research upgraded The Ultimate Software Group from a “hold” rating to a “buy” rating and set a $252.00 price objective on the stock in a report on Saturday, February 3rd. One investment analyst has rated the stock with a sell rating, five have given a hold rating and seventeen have given a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $243.90.
The Ultimate Software Group (NASDAQ:ULTI) last released its earnings results on Tuesday, February 6th. The technology company reported $1.11 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.87 by $0.24. The firm had revenue of $251.43 million for the quarter, compared to analysts’ expectations of $244.83 million. The Ultimate Software Group had a return on equity of 5.31% and a net margin of 1.59%. The business’s quarterly revenue was up 19.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.91 EPS. sell-side analysts forecast that The Ultimate Software Group will post 1.83 earnings per share for the current fiscal year.
In other news, Director James A. Fitzpatrick, Jr. sold 4,230 shares of the company’s stock in a transaction that occurred on 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 approximately $2,090,821.35. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Chairman Scott Scherr sold 110,522 shares of the company’s stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $224.58, for a total value of $24,821,030.76. Following the sale, the chairman now owns 343,139 shares in the company, valued at approximately $77,062,156.62. The disclosure for this sale can be found here. In the last quarter, insiders have sold 284,019 shares of company stock worth $63,840,036. Company insiders own 4.90% of the company’s stock.
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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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