The Ultimate Software Group (ULTI) Given Outperform Rating at Credit Suisse Group

Credit Suisse Group reiterated their outperform rating on shares of The Ultimate Software Group (NASDAQ:ULTI) in a report released on Wednesday morning, The Fly reports. The brokerage currently has a $255.00 target price on the technology company’s stock, up from their previous target price of $245.00.

ULTI has been the subject of a number of other research reports. Stifel Nicolaus raised their price target on The Ultimate Software Group from $235.00 to $250.00 and gave the stock a buy rating in a research note on Thursday, November 2nd. Zacks Investment Research raised The Ultimate Software Group from a sell rating to a hold rating in a research note on Wednesday, October 11th. Royal Bank of Canada reaffirmed a buy rating and issued a $216.00 price target on shares of The Ultimate Software Group in a research note on Tuesday, October 10th. Mizuho reaffirmed 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. Finally, BidaskClub raised The Ultimate Software Group from a hold rating to a buy rating in a research note on Thursday, December 21st. One research analyst has rated the stock with a sell rating, five have issued a hold rating and eighteen have issued a buy rating to the stock. The Ultimate Software Group presently has a consensus rating of Buy and a consensus target price of $243.10.

Shares of The Ultimate Software Group (NASDAQ ULTI) opened at $232.17 on Wednesday. The Ultimate Software Group has a 52 week low of $181.59 and a 52 week high of $242.93. The firm has a market capitalization of $6,470.80, a P/E ratio of 251.85, a PEG ratio of 8.03 and a beta of 1.07. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.18 and a current ratio of 1.18.

The Ultimate Software Group (NASDAQ:ULTI) last announced its quarterly earnings results on Tuesday, February 6th. The technology company reported $1.11 EPS for the quarter, topping analysts’ consensus estimates of $0.87 by $0.24. The Ultimate Software Group had a return on equity of 5.39% and a net margin of 1.59%. The company had revenue of $251.43 million during the quarter, compared to analyst estimates of $244.83 million. During the same quarter last year, the firm posted $0.91 earnings per share. The firm’s revenue was up 19.4% on a year-over-year basis. sell-side analysts forecast that The Ultimate Software Group will post 1.32 EPS for the current year.

In other The Ultimate Software Group news, Director Alois T. Leiter sold 5,559 shares of the firm’s stock in a transaction on Friday, November 10th. The stock was sold at an average price of $198.16, for a total transaction of $1,101,571.44. Following the completion of the transaction, the director now owns 165,596 shares of the company’s stock, valued at $32,814,503.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 4.90% of the company’s stock.

Institutional investors have recently made changes to their positions in the business. Zions Bancorporation purchased a new position in The Ultimate Software Group during the third quarter valued at $182,000. Banque Pictet & Cie SA purchased a new position in The Ultimate Software Group during the third quarter valued at $209,000. CIBC Asset Management Inc purchased a new position in The Ultimate Software Group during the fourth quarter valued at $213,000. FineMark National Bank & Trust purchased a new position in The Ultimate Software Group during the fourth quarter valued at $217,000. Finally, Nomura Holdings Inc. purchased a new position in The Ultimate Software Group during the second quarter valued at $229,000.

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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.

The Fly

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

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