The Ultimate Software Group (ULTI) Upgraded to “Strong-Buy” by ValuEngine

The Ultimate Software Group (NASDAQ:ULTI) was upgraded by ValuEngine from a “buy” rating to a “strong-buy” rating in a report issued on Monday, February 4th.

Several other equities research analysts have also weighed in on ULTI. Goldman Sachs Group initiated coverage on shares of The Ultimate Software Group in a report on Friday, February 1st. They issued a “neutral” rating on the stock. BidaskClub raised shares of The Ultimate Software Group from a “hold” rating to a “buy” rating in a report on Wednesday, January 9th. Deutsche Bank began coverage on shares of The Ultimate Software Group in a report on Friday, January 25th. They issued a “buy” rating and a $267.32 target price on the stock. Roth Capital downgraded shares of The Ultimate Software Group from a “buy” rating to a “neutral” rating in a research report on Monday, February 4th. Finally, Evercore ISI upgraded shares of The Ultimate Software Group from an “in-line” rating to an “outperform” rating and set a $310.00 price target on the stock in a research report on Thursday, December 13th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The Ultimate Software Group has an average rating of “Hold” and an average price target of $314.68.

The Ultimate Software Group stock traded down $0.05 on Monday, hitting $331.45. The company’s stock had a trading volume of 645,416 shares, compared to its average volume of 955,088. The firm has a market capitalization of $10.41 billion, a PE ratio of 138.68, a price-to-earnings-growth ratio of 6.33 and a beta of 1.25. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.07 and a quick ratio of 1.04. The Ultimate Software Group has a one year low of $219.97 and a one year high of $365.86.

The Ultimate Software Group (NASDAQ:ULTI) last announced its quarterly earnings results on Monday, February 4th. The technology company reported $1.95 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.58 by $1.37. The firm had revenue of $304.80 million for the quarter, compared to analyst estimates of $300.60 million. The Ultimate Software Group had a net margin of 5.71% and a return on equity of 9.90%. The business’s revenue for the quarter was up 21.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.11 EPS. Analysts predict that The Ultimate Software Group will post 2.48 earnings per share for the current fiscal year.

In related news, VP Adam Rogers sold 5,495 shares of the stock in a transaction that occurred on Monday, February 11th. The shares were sold at an average price of $331.91, for a total value of $1,823,845.45. Following the sale, the vice president now directly owns 56,667 shares in the company, valued at approximately $18,808,343.97. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director James A. Fitzpatrick, Jr. sold 531 shares of the stock in a transaction that occurred on Thursday, February 7th. The shares were sold at an average price of $332.00, for a total transaction of $176,292.00. Following the completion of the sale, the director now owns 9,937 shares in the company, valued at $3,299,084. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 152,522 shares of company stock worth $50,593,109. Corporate insiders own 3.00% of the company’s stock.

Several large investors have recently made changes to their positions in ULTI. FMR LLC raised its position in shares of The Ultimate Software Group by 6.6% in the 2nd quarter. FMR LLC now owns 3,875,957 shares of the technology company’s stock valued at $997,322,000 after acquiring an additional 241,385 shares during the period. BlackRock Inc. increased its stake in The Ultimate Software Group by 7.2% during the 3rd quarter. BlackRock Inc. now owns 2,785,246 shares of the technology company’s stock worth $897,379,000 after purchasing an additional 186,650 shares in the last quarter. Rehmann Capital Advisory Group increased its stake in The Ultimate Software Group by 32,899.0% during the 3rd quarter. Rehmann Capital Advisory Group now owns 136,286 shares of the technology company’s stock worth $423,000 after purchasing an additional 135,873 shares in the last quarter. Westfield Capital Management Co. LP increased its stake in The Ultimate Software Group by 80.7% during the 4th quarter. Westfield Capital Management Co. LP now owns 303,800 shares of the technology company’s stock worth $74,392,000 after purchasing an additional 135,633 shares in the last quarter. Finally, Vanguard Group Inc increased its stake in The Ultimate Software Group by 4.4% during the 3rd quarter. Vanguard Group Inc now owns 2,666,371 shares of the technology company’s stock worth $859,078,000 after purchasing an additional 112,463 shares in the last quarter. Institutional investors and hedge funds own 98.39% of the company’s stock.

The Ultimate Software Group Company Profile

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.

Read More: Return on Equity (ROE)

To view ValuEngine’s full report, visit ValuEngine’s official website.

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

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