The Ultimate Software Group, Inc. (NASDAQ:ULTI) has received a consensus rating of “Buy” from the nineteen ratings firms that are covering the firm. Four research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $228.50.

ULTI has been the subject of a number of recent analyst reports. Wedbush raised shares of The Ultimate Software Group from a “neutral” rating to an “outperform” rating and decreased their price target for the stock from $248.00 to $242.00 in a research report on Monday, October 31st. MKM Partners reaffirmed a “buy” rating on shares of The Ultimate Software Group in a report on Friday, November 4th. Zacks Investment Research raised shares of The Ultimate Software Group from a “hold” rating to a “strong-buy” rating and set a $242.00 price objective for the company in a report on Thursday, November 3rd. William Blair reaffirmed an “outperform” rating on shares of The Ultimate Software Group in a report on Tuesday, February 7th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $250.00 price objective on shares of The Ultimate Software Group in a report on Wednesday, February 8th.

The Ultimate Software Group (NASDAQ:ULTI) opened at 197.35 on Tuesday. The Ultimate Software Group has a one year low of $157.04 and a one year high of $224.07. The stock has a 50 day moving average of $193.64 and a 200-day moving average of $201.68. The stock has a market cap of $5.76 billion, a P/E ratio of 199.34 and a beta of 0.97.

The Ultimate Software Group (NASDAQ:ULTI) last released its quarterly earnings results on Tuesday, February 7th. The company reported $0.91 earnings per share for the quarter, missing analysts’ consensus estimates of $0.95 by $0.04. The Ultimate Software Group had a return on equity of 4.15% and a net margin of 2.77%. The company had revenue of $210.50 million for the quarter, compared to analyst estimates of $210.01 million. During the same period in the previous year, the business posted $0.83 EPS. The firm’s quarterly revenue was up 23.3% compared to the same quarter last year. Analysts anticipate that The Ultimate Software Group will post $3.97 EPS for the current year.

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In other news, Director Rick Wilber sold 5,000 shares of the business’s stock in a transaction on Monday, November 21st. The shares were sold at an average price of $210.07, for a total transaction of $1,050,350.00. Following the completion of the transaction, the director now owns 119,425 shares of the company’s stock, valued at $25,087,609.75. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP Adam Rogers sold 14,992 shares of the business’s stock in a transaction on Thursday, February 9th. The shares were sold at an average price of $192.98, for a total transaction of $2,893,156.16. Following the transaction, the vice president now directly owns 56,287 shares of the company’s stock, valued at approximately $10,862,265.26. The disclosure for this sale can be found here. In the last three months, insiders have sold 104,954 shares of company stock valued at $20,430,085. Corporate insiders own 5.60% of the company’s stock.

Institutional investors have recently made changes to their positions in the stock. Prudential Financial Inc. increased its position in shares of The Ultimate Software Group by 56.4% in the third quarter. Prudential Financial Inc. now owns 34,592 shares of the company’s stock valued at $7,070,000 after buying an additional 12,470 shares during the period. Peregrine Capital Management LLC purchased a new position in shares of The Ultimate Software Group during the third quarter valued at about $31,517,000. Sei Investments Co. increased its position in shares of The Ultimate Software Group by 0.9% in the third quarter. Sei Investments Co. now owns 58,884 shares of the company’s stock valued at $12,035,000 after buying an additional 508 shares during the period. Stephens Investment Management Group LLC increased its position in shares of The Ultimate Software Group by 3.6% in the third quarter. Stephens Investment Management Group LLC now owns 228,982 shares of the company’s stock valued at $46,802,000 after buying an additional 7,957 shares during the period. Finally, Bank of Montreal Can increased its position in shares of The Ultimate Software Group by 1.1% in the third quarter. Bank of Montreal Can now owns 13,010 shares of the company’s stock valued at $2,659,000 after buying an additional 145 shares during the period. 99.38% of the stock is owned by institutional investors.

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, and includes global people management, available in over 10 languages with approximately 40 country-specific localizations.

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