The Ultimate Software Group (NASDAQ:ULTI) had its target price boosted by stock analysts at SunTrust Banks to $331.50 in a note issued to investors on Wednesday, The Fly reports. SunTrust Banks’ price objective would suggest a potential downside of 0.15% from the stock’s current price.
A number of other equities research analysts have also recently commented on the company. Deutsche Bank started coverage on The Ultimate Software Group in a research note on Friday, January 25th. They issued a “buy” rating and a $267.32 price target for the company. BidaskClub upgraded The Ultimate Software Group from a “hold” rating to a “buy” rating in a research note on Wednesday, January 9th. Jefferies Financial Group decreased their price target on The Ultimate Software Group to $330.00 and set a “buy” rating for the company in a research note on Wednesday, October 31st. Zacks Investment Research upgraded The Ultimate Software Group from a “strong sell” rating to a “hold” rating in a research note on Saturday, January 5th. Finally, Raymond James cut The Ultimate Software Group from an “outperform” rating to a “market perform” rating in a research note on Tuesday. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $300.68.
ULTI opened at $332.00 on Wednesday. The Ultimate Software Group has a 12-month low of $207.02 and a 12-month high of $365.86. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.04 and a current ratio of 1.04. The firm has a market cap of $10.40 billion, a PE ratio of 138.91, a PEG ratio of 5.71 and a beta of 1.25.
The Ultimate Software Group (NASDAQ:ULTI) last posted its quarterly earnings results on Monday, February 4th. The technology company reported $1.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.58 by $1.37. The Ultimate Software Group had a return on equity of 10.67% and a net margin of 5.71%. The business had revenue of $304.80 million for the quarter, compared to the consensus estimate of $300.60 million. During the same quarter in the prior year, the company earned $1.11 EPS. The business’s revenue was up 21.2% compared to the same quarter last year. On average, equities analysts expect that The Ultimate Software Group will post 2.74 EPS for the current year.
Several hedge funds have recently made changes to their positions in ULTI. First Hawaiian Bank acquired a new stake in The Ultimate Software Group during the third quarter worth about $109,000. Brown Brothers Harriman & Co. grew its holdings in The Ultimate Software Group by 56.3% during the third quarter. Brown Brothers Harriman & Co. now owns 555 shares of the technology company’s stock worth $179,000 after acquiring an additional 200 shares during the period. We Are One Seven LLC acquired a new stake in The Ultimate Software Group during the third quarter worth about $207,000. Alpine Global Management LLC acquired a new stake in The Ultimate Software Group during the third quarter worth about $217,000. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management acquired a new stake in The Ultimate Software Group during the third quarter worth about $249,000. 96.69% of the stock is currently owned by institutional investors and hedge funds.
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.
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