The Ultimate Software Group (ULTI) Getting Somewhat Favorable Press Coverage, Accern Reports

Media stories about The Ultimate Software Group (NASDAQ:ULTI) have been trending somewhat positive on Sunday, Accern Sentiment reports. The research firm ranks the sentiment of media coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. The Ultimate Software Group earned a media sentiment score of 0.25 on Accern’s scale. Accern also assigned news headlines about the technology company an impact score of 45.0707941134301 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.

Here are some of the news headlines that may have effected Accern Sentiment’s analysis:

A number of research firms recently issued reports on ULTI. BidaskClub raised shares of The Ultimate Software Group from a “hold” rating to a “buy” rating in a research note on Thursday, December 21st. Mizuho reissued a “hold” rating and issued a $200.00 price target on shares of The Ultimate Software Group in a research note on Thursday, December 14th. SunTrust Banks reissued a “buy” rating and issued a $225.00 price target on shares of The Ultimate Software Group in a research note on Friday, November 3rd. Robert W. Baird reissued a “hold” rating and issued a $210.00 price target on shares of The Ultimate Software Group in a research note on Friday, November 3rd. Finally, Bank of America began coverage on shares of The Ultimate Software Group in a research note on Monday, November 6th. They issued an “underperform” rating and a $187.00 price target for the company. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and seventeen have given a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $231.58.

Shares of The Ultimate Software Group (NASDAQ:ULTI) traded down $0.26 on Friday, reaching $220.78. 101,647 shares of the company’s stock were exchanged, compared to its average volume of 288,922. The stock has a market capitalization of $6,590.00, a PE ratio of 227.61, a PEG ratio of 8.24 and a beta of 1.08. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.01. The Ultimate Software Group has a twelve month low of $181.59 and a twelve month high of $233.42.

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

In other news, Director James A. Fitzpatrick, Jr. sold 4,585 shares of the stock in a transaction that occurred on Friday, November 3rd. The shares were sold at an average price of $205.82, for a total transaction of $943,684.70. Following the sale, the director now owns 14,650 shares in the company, valued at $3,015,263. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, VP Gregory Swick sold 12,106 shares of the stock in a transaction that occurred on Tuesday, November 7th. The shares were sold at an average price of $196.10, for a total transaction of $2,373,986.60. Following the sale, the vice president now owns 29,381 shares in the company, valued at approximately $5,761,614.10. The disclosure for this sale can be found here. In the last 90 days, insiders sold 116,259 shares of company stock worth $22,912,048. Corporate 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.

Insider Buying and Selling by Quarter for The Ultimate Software Group (NASDAQ:ULTI)

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