Wall Street brokerages expect The Ultimate Software Group, Inc. (NASDAQ:ULTI) to announce $329.75 million in sales for the current quarter, according to Zacks. Thirteen analysts have made estimates for The Ultimate Software Group’s earnings, with the lowest sales estimate coming in at $326.13 million and the highest estimate coming in at $336.40 million. The Ultimate Software Group reported sales of $276.76 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 19.1%. The firm is expected to issue its next earnings report on Tuesday, May 7th.

On average, analysts expect that The Ultimate Software Group will report full-year sales of $1.37 billion for the current financial year, with estimates ranging from $1.36 billion to $1.38 billion. For the next financial year, analysts forecast that the company will post sales of $1.62 billion, with estimates ranging from $1.58 billion to $1.65 billion. Zacks’ sales averages are an average based on a survey of research firms that cover The Ultimate Software Group.

The Ultimate Software Group (NASDAQ:ULTI) last released its quarterly earnings data on Monday, February 4th. The technology company reported $1.95 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.58 by $1.37. The Ultimate Software Group had a return on equity of 9.90% and a net margin of 5.71%. The company had revenue of $304.80 million during the quarter, compared to the consensus estimate of $300.60 million. During the same quarter in the prior year, the firm posted $1.11 earnings per share. The firm’s revenue was up 21.2% compared to the same quarter last year.

A number of analysts have weighed in on ULTI shares. SunTrust Banks increased their target price on shares of The Ultimate Software Group to $331.50 in a research report on Wednesday, February 6th. Deutsche Bank started coverage on shares of The Ultimate Software Group in a research report on Friday, January 25th. They set a “buy” rating and a $267.32 target price for the company. BidaskClub raised shares of The Ultimate Software Group from a “hold” rating to a “buy” rating in a research report on Wednesday, January 9th. Jefferies Financial Group decreased their target price on shares of The Ultimate Software Group to $330.00 and set a “buy” rating for the company in a research report on Wednesday, October 31st. Finally, Zacks Investment Research raised shares of The Ultimate Software Group from a “strong sell” rating to a “hold” rating in a research report on Saturday, January 5th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $314.60.

NASDAQ:ULTI traded up $0.36 on Monday, reaching $332.87. 678,246 shares of the stock traded hands, compared to its average volume of 643,409. The company has a market capitalization of $10.41 billion, a PE ratio of 139.28, a P/E/G ratio of 6.29 and a beta of 1.25. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.04 and a current ratio of 1.07. The Ultimate Software Group has a 1-year low of $219.97 and a 1-year high of $365.86.

In other news, Director James A. Fitzpatrick, Jr. sold 531 shares of the firm’s stock in a transaction that occurred on Thursday, February 7th. The shares were sold at an average price of $332.00, for a total transaction of $176,292.00. Following the completion of the sale, the director now owns 9,937 shares of the company’s stock, valued at approximately $3,299,084. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP John C. Phenicie sold 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 7th. The stock was sold at an average price of $331.97, for a total transaction of $1,659,850.00. Following the sale, the vice president now directly owns 51,677 shares of the company’s stock, valued at approximately $17,155,213.69. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 152,522 shares of company stock valued at $50,593,109. Insiders own 3.00% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of ULTI. FMR LLC increased its stake in The Ultimate Software Group by 6.6% during the 2nd quarter. FMR LLC now owns 3,875,957 shares of the technology company’s stock valued at $997,322,000 after purchasing an additional 241,385 shares in the last quarter. BlackRock Inc. increased its stake in The Ultimate Software Group by 7.2% during the 3rd quarter. BlackRock Inc. now owns 2,785,246 shares of the technology company’s stock valued at $897,379,000 after purchasing an additional 186,650 shares in the last quarter. Rehmann Capital Advisory Group increased its stake in The Ultimate Software Group by 32,899.0% during the 3rd quarter. Rehmann Capital Advisory Group now owns 136,286 shares of the technology company’s stock valued at $423,000 after purchasing an additional 135,873 shares in the last quarter. Westfield Capital Management Co. LP increased its stake in The Ultimate Software Group by 80.7% during the 4th quarter. Westfield Capital Management Co. LP now owns 303,800 shares of the technology company’s stock valued at $74,392,000 after purchasing an additional 135,633 shares in the last quarter. Finally, Vanguard Group Inc increased its stake in The Ultimate Software Group by 4.4% during the 3rd quarter. Vanguard Group Inc now owns 2,666,371 shares of the technology company’s stock valued at $859,078,000 after purchasing an additional 112,463 shares in the last quarter. Institutional investors own 96.74% of the company’s stock.

About The Ultimate Software Group

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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