The Ultimate Software Group, Inc. (NASDAQ:ULTI) has received a consensus recommendation of “Hold” from the twenty-four analysts that are currently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $317.04.
A number of brokerages have recently issued reports on ULTI. BidaskClub upgraded The Ultimate Software Group from a “hold” rating to a “buy” rating in a research note on Wednesday, January 9th. Credit Suisse Group cut The Ultimate Software Group from an “outperform” rating to a “neutral” rating in a research note on Tuesday, February 5th. Zacks Investment Research upgraded The Ultimate Software Group from a “strong sell” rating to a “hold” rating in a research note on Saturday, January 5th. Goldman Sachs Group began coverage on The Ultimate Software Group in a research note on Friday, February 1st. They set a “neutral” rating on the stock. Finally, Jefferies Financial Group cut The Ultimate Software Group from a “buy” rating to a “hold” rating and set a $332.54 price objective on the stock. in a research note on Tuesday, February 5th.
In related news, CEO Scott Scherr sold 70,809 shares of the stock in a transaction on Monday, February 11th. The stock was sold at an average price of $331.68, for a total value of $23,485,929.12. Following the sale, the chief executive officer now owns 251,777 shares in the company, valued at approximately $83,509,395.36. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP John C. Phenicie sold 5,000 shares of the stock in a transaction on Thursday, February 7th. The shares were sold at an average price of $331.97, for a total value of $1,659,850.00. Following the completion of the sale, the vice president now owns 51,677 shares in the company, valued at approximately $17,155,213.69. The disclosure for this sale can be found here. In the last 90 days, insiders sold 152,522 shares of company stock worth $50,593,109. 3.00% of the stock is owned by company insiders.
Shares of The Ultimate Software Group stock traded down $0.08 on Tuesday, reaching $332.79. 75,379 shares of the company were exchanged, compared to its average volume of 643,409. The Ultimate Software Group has a one year low of $219.97 and a one year high of $365.86. The stock has a market cap of $10.41 billion, a P/E ratio of 139.24, a P/E/G ratio of 6.29 and a beta of 1.25. The company has a quick ratio of 1.04, a current ratio of 1.07 and a debt-to-equity ratio of 0.01.
The Ultimate Software Group (NASDAQ:ULTI) last announced its quarterly earnings data on Monday, February 4th. The technology company reported $1.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.58 by $1.37. The Ultimate Software Group had a return on equity of 9.90% and a net margin of 5.71%. The company had revenue of $304.80 million for the quarter, compared to analysts’ expectations of $300.60 million. During the same quarter in the prior year, the business posted $1.11 EPS. The business’s revenue was up 21.2% compared to the same quarter last year. On average, sell-side analysts expect that The Ultimate Software Group will post 2.48 EPS 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 need to manage the employee life cycle from recruitment to retirement.
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