Mizuho upgraded shares of The Ultimate Software Group (NASDAQ:ULTI) from a neutral rating to a buy rating in a report issued on Monday, Marketbeat.com reports. Mizuho currently has $200.00 price target on the technology company’s stock.

A number of other research firms also recently issued reports on ULTI. BidaskClub raised The Ultimate Software Group from a hold rating to a buy rating in a research report on Thursday, December 21st. SunTrust Banks reissued a buy rating and issued a $225.00 target price on shares of The Ultimate Software Group in a research report on Friday, November 3rd. Robert W. Baird reissued a hold rating and issued a $210.00 target price on shares of The Ultimate Software Group in a research report on Friday, November 3rd. Bank of America began coverage on The Ultimate Software Group in a research report on Monday, November 6th. They issued an underperform rating and a $187.00 target price for the company. Finally, Canaccord Genuity raised their target price on The Ultimate Software Group from $225.00 to $240.00 and gave the stock a buy rating in a research report on Thursday, November 2nd. One investment analyst has rated the stock with a sell rating, five have given a hold rating and eighteen have issued a buy rating to the stock. The Ultimate Software Group currently has a consensus rating of Buy and an average target price of $232.37.

Shares of The Ultimate Software Group (NASDAQ ULTI) opened at $227.16 on Monday. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $6,740.00, a P/E ratio of 234.19, a P/E/G ratio of 8.24 and a beta of 1.08. The Ultimate Software Group has a 52-week low of $181.59 and a 52-week high of $233.42.

The Ultimate Software Group (NASDAQ:ULTI) last issued its quarterly earnings results on Wednesday, November 1st. The technology company reported $1.05 EPS for the quarter, beating the Zacks’ consensus estimate of $0.88 by $0.17. The company had revenue of $236.11 million during the quarter, compared to the consensus estimate of $232.92 million. The Ultimate Software Group had a return on equity of 3.69% and a net margin of 1.99%. The Ultimate Software Group’s revenue was up 19.9% on a year-over-year basis. During the same period last year, the business posted $0.78 earnings per share. research analysts anticipate that The Ultimate Software Group will post 0.63 EPS for the current fiscal year.

In related news, Director James A. Fitzpatrick, Jr. sold 4,585 shares of The Ultimate Software Group stock in a transaction on Friday, November 3rd. The stock was sold at an average price of $205.82, for a total transaction of $943,684.70. Following the completion of the sale, the director now owns 14,650 shares of the company’s stock, valued at $3,015,263. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP Robert Manne sold 5,000 shares of The Ultimate Software Group stock in a transaction on Friday, November 3rd. The shares were sold at an average price of $206.08, for a total value of $1,030,400.00. Following the sale, the vice president now directly owns 76,484 shares of the company’s stock, valued at approximately $15,761,822.72. The disclosure for this sale can be found here. Over the last quarter, insiders sold 116,259 shares of company stock valued at $22,912,048. 4.90% of the stock is owned by company insiders.

A number of large investors have recently bought and sold shares of the stock. AXA boosted its stake in The Ultimate Software Group by 16.6% during the third quarter. AXA now owns 292,160 shares of the technology company’s stock valued at $55,394,000 after buying an additional 41,532 shares during the period. GSA Capital Partners LLP bought a new stake in The Ultimate Software Group during the third quarter valued at $232,000. Fieldpoint Private Securities LLC bought a new stake in The Ultimate Software Group during the third quarter valued at $833,000. DF Dent & Co. Inc. boosted its stake in The Ultimate Software Group by 12.3% during the third quarter. DF Dent & Co. Inc. now owns 2,787 shares of the technology company’s stock valued at $528,000 after buying an additional 305 shares during the period. Finally, California Public Employees Retirement System boosted its stake in The Ultimate Software Group by 3.0% during the third quarter. California Public Employees Retirement System now owns 78,352 shares of the technology company’s stock valued at $14,856,000 after buying an additional 2,252 shares during the period.

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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. As of December 31, 2016, UltiPro included global people management, available in 14 languages with more than 35 country-specific localizations.

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

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