Analysts predict that The Ultimate Software Group, Inc. (NASDAQ:ULTI) will report sales of $232.89 million for the current quarter, according to Zacks. Eleven analysts have made estimates for The Ultimate Software Group’s earnings, with the highest sales estimate coming in at $234.31 million and the lowest estimate coming in at $231.00 million. The Ultimate Software Group reported sales of $196.99 million in the same quarter last year, which indicates a positive year-over-year growth rate of 18.2%. The company is scheduled to issue its next earnings report after the market closes on Wednesday, November 1st.

On average, analysts expect that The Ultimate Software Group will report full year sales of $232.89 million for the current fiscal year, with estimates ranging from $930.70 million to $937.90 million. For the next financial year, analysts anticipate that the company will post sales of $1.12 billion per share, with estimates ranging from $1.10 billion to $1.14 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that cover The Ultimate Software Group.

The Ultimate Software Group (NASDAQ:ULTI) last released its earnings results on Tuesday, August 1st. The technology company reported $0.18 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.21 by ($0.03). The company had revenue of $224.70 million during the quarter, compared to the consensus estimate of $228.02 million. The Ultimate Software Group had a return on equity of 7.20% and a net margin of 3.47%. The Ultimate Software Group’s revenue for the quarter was up 20.4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.76 EPS.

Several analysts recently issued reports on ULTI shares. Zacks Investment Research raised shares of The Ultimate Software Group from a “sell” rating to a “hold” rating in a report on Wednesday, October 11th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $216.00 price objective on shares of The Ultimate Software Group in a report on Tuesday, October 10th. Credit Suisse Group reiterated a “buy” rating on shares of The Ultimate Software Group in a research note on Monday, July 3rd. Piper Jaffray Companies reiterated an “overweight” rating and set a $250.00 target price on shares of The Ultimate Software Group in a research note on Saturday, July 22nd. Finally, BidaskClub cut shares of The Ultimate Software Group from a “strong-buy” rating to a “buy” rating in a research note on Friday, June 30th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and sixteen have assigned a buy rating to the company. The Ultimate Software Group currently has a consensus rating of “Buy” and a consensus target price of $235.29.

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In related news, VP Robert Manne sold 5,000 shares of the stock in a transaction dated Thursday, August 3rd. The shares were sold at an average price of $200.39, for a total transaction of $1,001,950.00. Following the completion of the sale, the vice president now owns 78,633 shares in the company, valued at approximately $15,757,266.87. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director James A. Fitzpatrick, Jr. sold 4,613 shares of the stock in a transaction dated Thursday, August 3rd. The stock was sold at an average price of $200.39, for a total transaction of $924,399.07. Following the sale, the director now owns 15,000 shares of the company’s stock, valued at approximately $3,005,850. The disclosure for this sale can be found here. Corporate insiders own 4.90% of the company’s stock.

Several institutional investors have recently made changes to their positions in the stock. Lord Abbett & CO. LLC increased its position in shares of The Ultimate Software Group by 6.6% during the 2nd quarter. Lord Abbett & CO. LLC now owns 37,321 shares of the technology company’s stock worth $7,840,000 after purchasing an additional 2,317 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in shares of The Ultimate Software Group during the 2nd quarter worth about $883,000. Wasatch Advisors Inc. increased its position in shares of The Ultimate Software Group by 4.0% during the 2nd quarter. Wasatch Advisors Inc. now owns 885,221 shares of the technology company’s stock worth $185,950,000 after purchasing an additional 33,692 shares in the last quarter. Public Employees Retirement System of Ohio increased its position in shares of The Ultimate Software Group by 32.7% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 83,464 shares of the technology company’s stock worth $17,532,000 after purchasing an additional 20,566 shares in the last quarter. Finally, Ameritas Investment Partners Inc. increased its position in shares of The Ultimate Software Group by 2.0% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 8,893 shares of the technology company’s stock worth $1,868,000 after purchasing an additional 172 shares in the last quarter.

The Ultimate Software Group (NASDAQ:ULTI) traded up 1.04% during midday trading on Tuesday, hitting $193.42. 277,296 shares of the stock traded hands. The company has a 50-day moving average of $191.05 and a 200-day moving average of $204.87. The Ultimate Software Group has a 1-year low of $180.29 and a 1-year high of $233.42. The stock has a market cap of $5.77 billion, a PE ratio of 199.61 and a beta of 1.07.

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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Earnings History and Estimates for The Ultimate Software Group (NASDAQ:ULTI)

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