The Ultimate Software Group (ULTI) Earns News Sentiment Score of 0.43
News headlines about The Ultimate Software Group (NASDAQ:ULTI) have trended positive on Sunday, according to AlphaOne. AlphaOne, a division of Accern, scores the sentiment of media coverage by reviewing more than 20 million blog and news sources in real time. AlphaOne ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. The Ultimate Software Group earned a coverage optimism score of 0.43 on AlphaOne’s scale. AlphaOne also assigned press coverage about the technology company an impact score of 87 out of 100, indicating that recent media coverage is very likely to have an impact on the company’s share price in the near future.
These are some of the media headlines that may have impacted Alpha One Sentiment’s scoring:
- The Ultimate Software Group, Inc. (ULTI) Expected to Post Quarterly Sales of $228.03 Million (americanbankingnews.com)
- ETFs with exposure to The Ultimate Software Group, Inc. : June 15, 2017 (finance.yahoo.com)
- Investor Guide: Checking in on Indicators for Ultimate Software Group Inc (ULTI) – Hayden Business Journal (haydenbusinessjournal.com)
- The Ultimate Software Group, Inc. – Value Analysis (NASDAQ:ULTI) : June 14, 2017 (finance.yahoo.com)
- $0.21 Earnings Per Share Expected for The Ultimate Software Group, Inc. (ULTI) This Quarter (americanbankingnews.com)
Shares of The Ultimate Software Group (NASDAQ ULTI) traded up 2.53% on Friday, reaching $213.67. 448,232 shares of the company traded hands. The company has a 50-day moving average of $213.52 and a 200-day moving average of $199.46. The Ultimate Software Group has a 1-year low of $180.29 and a 1-year high of $225.63. The stock has a market capitalization of $6.35 billion, a price-to-earnings ratio of 211.55 and a beta of 1.10.
The Ultimate Software Group (NASDAQ:ULTI) last released its quarterly earnings results on Tuesday, April 25th. The technology company reported $0.75 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.73 by $0.02. The company had revenue of $228.49 million for the quarter, compared to analyst estimates of $228.87 million. The Ultimate Software Group had a net margin of 3.23% and a return on equity of 6.88%. The firm’s revenue was up 22.0% on a year-over-year basis. During the same quarter last year, the business earned $0.73 earnings per share. Analysts anticipate that The Ultimate Software Group will post $3.99 earnings per share for the current fiscal year.
A number of equities analysts recently weighed in on the stock. BidaskClub lowered shares of The Ultimate Software Group from a “strong-buy” rating to a “buy” rating in a report on Tuesday, June 13th. ValuEngine raised shares of The Ultimate Software Group from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $233.00 target price on shares of The Ultimate Software Group in a research report on Monday, May 29th. Canaccord Genuity reaffirmed a “buy” rating and issued a $240.00 target price on shares of The Ultimate Software Group in a research report on Thursday, May 25th. Finally, Wells Fargo & Company initiated coverage on shares of The Ultimate Software Group in a research report on Thursday, May 11th. They issued an “outperform” rating and a $240.00 target price for the company. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and fifteen have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $238.54.
In related news, Director James A. Fitzpatrick, Jr. sold 4,630 shares of the firm’s stock in a transaction on Thursday, April 27th. The shares were sold at an average price of $198.95, for a total transaction of $921,138.50. Following the sale, the director now owns 15,421 shares in the company, valued at $3,068,007.95. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP Adam Rogers sold 3,482 shares of the firm’s stock in a transaction on Thursday, April 27th. The shares were sold at an average price of $198.92, for a total transaction of $692,639.44. Following the sale, the vice president now owns 51,477 shares in the company, valued at approximately $10,239,804.84. The disclosure for this sale can be found here. 5.60% of the stock is currently owned by company insiders.
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.
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