The Ultimate Software Group, Inc. (NASDAQ:ULTI)‘s stock had its “hold” rating restated by analysts at Robert W. Baird in a report issued on Friday. They presently have a $210.00 price objective on the technology company’s stock. Robert W. Baird’s price objective would suggest a potential upside of 1.56% from the company’s current price.

A number of other equities analysts have also recently issued reports on the stock. Canaccord Genuity upped their price objective on shares of The Ultimate Software Group from $225.00 to $240.00 and gave the stock a “buy” rating in a research report on Thursday. Wedbush reiterated an “outperform” rating and set a $220.00 price objective (down from $226.00) on shares of The Ultimate Software Group in a research report on Thursday. Stifel Nicolaus upped their price objective on shares of The Ultimate Software Group from $235.00 to $250.00 and gave the stock a “buy” rating in a research report on Thursday. Wells Fargo & Company reiterated an “outperform” rating and set a $240.00 price objective (up from $230.00) on shares of The Ultimate Software Group in a research report on Thursday. Finally, Royal Bank Of Canada upped their price objective on shares of The Ultimate Software Group from $210.00 to $220.00 and gave the stock an “outperform” rating in a research report on Thursday. Seven investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $234.06.

The Ultimate Software Group (ULTI) traded down $4.06 during mid-day trading on Friday, reaching $206.78. 551,464 shares of the company were exchanged, compared to its average volume of 289,555. The firm has a market capitalization of $6,167.63, a price-to-earnings ratio of 196.93, a PEG ratio of 19.23 and a beta of 1.09. The company has a current ratio of 1.18, a quick ratio of 1.15 and a debt-to-equity ratio of 0.01.

The Ultimate Software Group (NASDAQ:ULTI) last released its quarterly earnings data on Wednesday, November 1st. The technology company reported $1.05 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.88 by $0.17. The business had revenue of $236.11 million during the quarter, compared to analysts’ expectations of $232.92 million. The Ultimate Software Group had a net margin of 3.31% and a return on equity of 6.84%. The firm’s quarterly revenue was up 19.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.78 EPS. equities research analysts anticipate that The Ultimate Software Group will post 0.55 EPS for the current fiscal year.

ILLEGAL ACTIVITY WARNING: This piece was originally posted by Watch List News and is the sole property of of Watch List News. If you are reading this piece on another site, it was stolen and republished in violation of international trademark and copyright law. The original version of this piece can be viewed at https://www.watchlistnews.com/the-ultimate-software-group-inc-ulti-stock-rating-reaffirmed-by-robert-w-baird/1680452.html.

Several large investors have recently bought and sold shares of ULTI. Creative Planning boosted its stake in shares of The Ultimate Software Group by 257.4% in the 2nd quarter. Creative Planning now owns 504 shares of the technology company’s stock valued at $106,000 after purchasing an additional 363 shares during the last quarter. Huntington National Bank boosted its stake in shares of The Ultimate Software Group by 24.7% in the 2nd quarter. Huntington National Bank now owns 857 shares of the technology company’s stock valued at $180,000 after purchasing an additional 170 shares during the last quarter. Benjamin F. Edwards & Company Inc. boosted its stake in shares of The Ultimate Software Group by 23.1% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 873 shares of the technology company’s stock valued at $183,000 after purchasing an additional 164 shares during the last quarter. FineMark National Bank & Trust bought a new stake in shares of The Ultimate Software Group in the 2nd quarter valued at $200,000. Finally, ETRADE Capital Management LLC bought a new stake in shares of The Ultimate Software Group in the 2nd quarter valued at $201,000.

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.

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

Receive News & Ratings for The Ultimate Software Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Ultimate Software Group Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.