The Ultimate Software Group (NASDAQ:ULTI)‘s stock had its “overweight” rating restated by analysts at Piper Jaffray Companies in a research report issued on Tuesday, The Fly reports. They presently have a $250.00 price target on the technology company’s stock. Piper Jaffray Companies’ price target indicates a potential upside of 10.49% from the company’s previous close.

Other equities analysts have also recently issued reports about the stock. Canaccord Genuity upped their price target on shares of The Ultimate Software Group from $225.00 to $240.00 and gave the company a “buy” rating in a research report on Thursday, November 2nd. SunTrust Banks restated a “buy” rating and issued a $225.00 price target on shares of The Ultimate Software Group in a research report on Friday, November 3rd. Royal Bank of Canada restated a “buy” rating and issued a $216.00 price target on shares of The Ultimate Software Group in a research report on Tuesday, October 10th. Stifel Nicolaus upped their price target on shares of The Ultimate Software Group from $235.00 to $250.00 and gave the company a “buy” rating in a research report on Thursday, November 2nd. Finally, BidaskClub upgraded shares of The Ultimate Software Group from a “hold” rating to a “buy” rating in a research report on Thursday, December 21st. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and seventeen have given a buy rating to the stock. The Ultimate Software Group currently has an average rating of “Buy” and an average price target of $232.37.

Shares of The Ultimate Software Group (NASDAQ ULTI) traded up $3.48 during midday trading on Tuesday, reaching $226.26. 391,000 shares of the company’s stock traded hands, compared to its average volume of 226,736. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.18 and a current ratio of 1.18. The Ultimate Software Group has a 1 year low of $181.59 and a 1 year high of $233.42. The firm has a market cap of $6,750.00, a PE ratio of 233.26, a P/E/G ratio of 8.31 and a beta of 1.08.

The Ultimate Software Group (NASDAQ:ULTI) last announced its quarterly earnings results on Wednesday, November 1st. The technology company reported $1.05 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.88 by $0.17. The Ultimate Software Group had a net margin of 3.31% and a return on equity of 6.84%. The firm had revenue of $236.11 million during the quarter, compared to analysts’ expectations of $232.92 million. During the same period in the prior year, the company posted $0.78 EPS. The company’s revenue was up 19.9% on a year-over-year basis. analysts expect that The Ultimate Software Group will post 0.63 EPS for the current year.

In other The Ultimate Software Group news, Director James A. Fitzpatrick, Jr. sold 4,585 shares of the firm’s stock in a transaction on Friday, November 3rd. The shares were sold at an average price of $205.82, for a total value of $943,684.70. Following the completion of the sale, the director now directly owns 14,650 shares in the company, valued at $3,015,263. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Scott Scherr sold 43,537 shares of the firm’s stock in a transaction on Tuesday, November 7th. The stock was sold at an average price of $196.21, for a total transaction of $8,542,394.77. Following the completion of the sale, the chairman now owns 426,427 shares of the company’s stock, valued at $83,669,241.67. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 116,259 shares of company stock valued at $22,912,048. 4.90% of the stock is currently owned by corporate insiders.

Large investors have recently bought and sold shares of the business. ETRADE Capital Management LLC acquired a new stake in The Ultimate Software Group in the second quarter worth $201,000. Zions Bancorporation acquired a new stake in The Ultimate Software Group in the third quarter worth $182,000. Nomura Holdings Inc. acquired a new stake in The Ultimate Software Group in the second quarter worth $229,000. Banque Pictet & Cie SA acquired a new stake in The Ultimate Software Group in the third quarter worth $209,000. Finally, GSA Capital Partners LLP acquired a new stake in The Ultimate Software Group in the third quarter worth $232,000.

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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.

The Fly

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

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