Headlines about The Ultimate Software Group (NASDAQ:ULTI) have been trending positive recently, Accern reports. The research group rates the sentiment of press coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. The Ultimate Software Group earned a news impact score of 0.28 on Accern’s scale. Accern also assigned news articles about the technology company an impact score of 33 out of 100, indicating that recent press coverage is unlikely to have an impact on the company’s share price in the immediate future.
The Ultimate Software Group (NASDAQ ULTI) traded up 1.23% on Monday, reaching $216.49. 116,410 shares of the company traded hands. The stock has a 50-day moving average price of $215.78 and a 200-day moving average price of $200.84. The Ultimate Software Group has a 52-week low of $180.29 and a 52-week high of $225.62. The firm has a market cap of $6.43 billion, a P/E ratio of 214.35 and a beta of 1.07.
The Ultimate Software Group (NASDAQ:ULTI) last posted its quarterly earnings data on Tuesday, April 25th. The technology company reported $0.75 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.73 by $0.02. The firm had revenue of $228.49 million during the quarter, compared to the consensus estimate of $228.87 million. The Ultimate Software Group had a net margin of 3.23% and a return on equity of 6.88%. The business’s revenue for the quarter was up 22.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.73 EPS. Analysts anticipate that The Ultimate Software Group will post $3.98 earnings per share for the current fiscal year.
Several research firms have issued reports on ULTI. Wedbush dropped their price target on The Ultimate Software Group from $240.00 to $236.00 and set an “outperform” rating on the stock in a report on Wednesday, April 26th. BidaskClub raised The Ultimate Software Group from a “buy” rating to a “strong-buy” rating in a report on Saturday, June 24th. SunTrust Banks, Inc. initiated coverage on shares of The Ultimate Software Group in a research note on Monday, June 26th. They set a “buy” rating and a $240.00 target price on the stock. Canaccord Genuity reissued a “buy” rating and set a $240.00 target price on shares of The Ultimate Software Group in a research note on Thursday, May 25th. Finally, MKM Partners reaffirmed a “buy” rating and issued a $250.00 price target on shares of The Ultimate Software Group in a research note on Friday, April 14th. Three investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. The Ultimate Software Group presently has a consensus rating of “Buy” and a consensus price target of $239.36.
In other news, VP Adam Rogers sold 3,482 shares of the business’s stock in a transaction that occurred on Thursday, April 27th. The shares were sold at an average price of $198.92, for a total value of $692,639.44. Following the completion of the transaction, the vice president now directly owns 51,477 shares in the company, valued at approximately $10,239,804.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director James A. Fitzpatrick, Jr. sold 4,630 shares of the business’s stock in a transaction that occurred on Thursday, April 27th. The shares were sold at an average price of $198.95, for a total transaction of $921,138.50. Following the completion of the transaction, the director now owns 15,421 shares of the company’s stock, valued at $3,068,007.95. The disclosure for this sale can be found here. Insiders own 5.60% of the company’s stock.
The Ultimate Software Group Company Profile
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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