Analysts’ Weekly Ratings Updates for The Ultimate Software Group (ULTI)

The Ultimate Software Group (NASDAQ: ULTI) recently received a number of ratings updates from brokerages and research firms:

  • 11/6/2017 – The Ultimate Software Group is now covered by analysts at Bank of America Corporation. They set an “underperform” rating and a $187.00 price target on the stock.
  • 11/3/2017 – The Ultimate Software Group had its “buy” rating reaffirmed by analysts at SunTrust Banks, Inc.. They now have a $225.00 price target on the stock.
  • 11/3/2017 – The Ultimate Software Group had its “hold” rating reaffirmed by analysts at Robert W. Baird. They now have a $210.00 price target on the stock.
  • 11/2/2017 – The Ultimate Software Group had its “outperform” rating reaffirmed by analysts at Wedbush. They now have a $220.00 price target on the stock, down previously from $226.00.
  • 11/2/2017 – The Ultimate Software Group had its price target raised by analysts at Royal Bank Of Canada from $210.00 to $220.00. They now have an “outperform” rating on the stock.
  • 11/2/2017 – The Ultimate Software Group had its price target raised by analysts at Stifel Nicolaus from $235.00 to $250.00. They now have a “buy” rating on the stock.
  • 11/2/2017 – The Ultimate Software Group had its “outperform” rating reaffirmed by analysts at Wells Fargo & Company. They now have a $240.00 price target on the stock, up previously from $230.00.
  • 11/2/2017 – The Ultimate Software Group had its price target raised by analysts at Canaccord Genuity from $225.00 to $240.00. They now have a “buy” rating on the stock.
  • 10/31/2017 – The Ultimate Software Group was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Ultimate Software is a leading provider of cloud-based human capital management solutions, with more than 33 million people records in the cloud. Ultimate’s award-winning UltiPro delivers HR, payroll, talent, and time and labor management solutions that connect people with the information they need to work more effectively. In 2017, Ultimate ranked #7 on Fortune’s 100 Best Companies to Work For list, its sixth consecutive year in the top 25; #7 on Forbes’ list of 100 Most Innovative Growth Companies; #2 on People’s 50 Companies That Care list; and the National Customer Service Association named Ultimate Service Organization of the Year in the Large-Business category. Ultimate has more than 3,700 customers with employees in 160 countries, including Bloomin’ Brands, Culligan International, Feeding America, Major League Baseball, Red Roof Inn, SUBWAY, Texas Roadhouse, and Yamaha Corporation of America. “
  • 10/20/2017 – The Ultimate Software Group had its “buy” rating reaffirmed by analysts at Royal Bank Of Canada. They now have a $210.00 price target on the stock.
  • 10/19/2017 – The Ultimate Software Group was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “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. The solution is delivered through software-as-a-service (SaaS) to organizations based in the United States and Canada, including those with global workforces. The UltiPro solution includes feature sets for talent acquisition and onboarding, HR management and compliance, benefits management and online enrollment, payroll, performance management, compensation management with salary planning, budgeting, and development of incentive plans, succession management, reporting and analytical decision-making and predictive tools, and time and attendance. “
  • 10/11/2017 – The Ultimate Software Group was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “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. The solution is delivered through software-as-a-service (SaaS) to organizations based in the United States and Canada, including those with global workforces. The UltiPro solution includes feature sets for talent acquisition and onboarding, HR management and compliance, benefits management and online enrollment, payroll, performance management, compensation management with salary planning, budgeting, and development of incentive plans, succession management, reporting and analytical decision-making and predictive tools, and time and attendance. “
  • 10/10/2017 – The Ultimate Software Group had its “buy” rating reaffirmed by analysts at Royal Bank Of Canada. They now have a $216.00 price target on the stock.
  • 10/5/2017 – The Ultimate Software Group was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “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. The solution is delivered through software-as-a-service (SaaS) to organizations based in the United States and Canada, including those with global workforces. The UltiPro solution includes feature sets for talent acquisition and onboarding, HR management and compliance, benefits management and online enrollment, payroll, performance management, compensation management with salary planning, budgeting, and development of incentive plans, succession management, reporting and analytical decision-making and predictive tools, and time and attendance. “

Shares of The Ultimate Software Group, Inc. (ULTI) opened at $194.97 on Thursday. The Ultimate Software Group, Inc. has a 12 month low of $180.29 and a 12 month high of $233.42. The company has a market cap of $5,926.46, a P/E ratio of 188.92, a price-to-earnings-growth ratio of 15.38 and a beta of 1.09. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.01.

The Ultimate Software Group (NASDAQ:ULTI) last announced its quarterly earnings results on Wednesday, November 1st. The technology company reported $1.05 EPS for the quarter, beating the consensus estimate of $0.88 by $0.17. The Ultimate Software Group had a net margin of 3.31% and a return on equity of 6.84%. The company had revenue of $236.11 million for the quarter, compared to analyst estimates of $232.92 million. During the same quarter last year, the business earned $0.78 earnings per share. The Ultimate Software Group’s revenue was up 19.9% compared to the same quarter last year. equities research analysts forecast that The Ultimate Software Group, Inc. will post 0.63 EPS for the current fiscal year.

In other The Ultimate Software Group news, Director Alois T. Leiter sold 5,559 shares of the firm’s stock in a transaction that occurred on Friday, November 10th. The shares were sold at an average price of $198.16, for a total value of $1,101,571.44. Following the sale, the director now owns 165,596 shares in the company, valued at $32,814,503.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Robert Manne sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, November 3rd. The shares were sold at an average price of $206.08, for a total transaction of $1,030,400.00. Following the completion of the sale, the vice president now owns 76,484 shares in the company, valued at approximately $15,761,822.72. The disclosure for this sale can be found here. Insiders sold 116,259 shares of company stock worth $22,912,048 in the last 90 days. 4.90% of the stock is owned by company insiders.

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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