The Ultimate Software Group (NASDAQ:ULTI) was downgraded by research analysts at BidaskClub from a “strong-buy” rating to a “buy” rating in a report released on Thursday, September 20th.

Several other analysts also recently commented on ULTI. ValuEngine downgraded The Ultimate Software Group from a “buy” rating to a “hold” rating in a research note on Tuesday, June 26th. Roth Capital raised their price target on The Ultimate Software Group from $280.00 to $330.00 and gave the stock a “buy” rating in a research note on Wednesday, August 1st. Evercore ISI restated a “hold” rating and issued a $290.00 price target on shares of The Ultimate Software Group in a research note on Sunday, August 5th. Stifel Nicolaus raised their price target on The Ultimate Software Group from $275.00 to $340.00 and gave the stock a “buy” rating in a research note on Wednesday, August 1st. Finally, Mitsubishi UFJ Financial Group raised their price target on The Ultimate Software Group to $302.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 1st. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and thirteen have given a buy rating to the stock. The Ultimate Software Group presently has a consensus rating of “Buy” and a consensus price target of $298.29.

Shares of The Ultimate Software Group stock traded up $9.64 during midday trading on Thursday, hitting $293.03. The company had a trading volume of 319,353 shares, compared to its average volume of 271,737. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $10.05 billion, a P/E ratio of 361.77, a PEG ratio of 5.91 and a beta of 1.02. The Ultimate Software Group has a 52-week low of $190.01 and a 52-week high of $332.43.

The Ultimate Software Group (NASDAQ:ULTI) last posted its quarterly earnings results on Tuesday, July 31st. The technology company reported $1.32 earnings per share for the quarter, topping the consensus estimate of $1.28 by $0.04. The Ultimate Software Group had a return on equity of 7.74% and a net margin of 3.60%. The company had revenue of $271.16 million for the quarter, compared to the consensus estimate of $268.84 million. As a group, equities analysts expect that The Ultimate Software Group will post 2.24 EPS for the current year.

In other The Ultimate Software Group news, Director James A. Fitzpatrick, Jr. sold 505 shares of the business’s stock in a transaction that occurred on Thursday, August 2nd. The stock was sold at an average price of $276.70, for a total transaction of $139,733.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP John C. Phenicie sold 5,000 shares of the business’s stock in a transaction that occurred on Thursday, August 2nd. The shares were sold at an average price of $279.07, for a total value of $1,395,350.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 15,505 shares of company stock valued at $4,329,184. 3.00% of the stock is currently owned by company insiders.

Large investors have recently made changes to their positions in the business. Summit Trail Advisors LLC raised its stake in shares of The Ultimate Software Group by 23,735.4% during the first quarter. Summit Trail Advisors LLC now owns 115,840 shares of the technology company’s stock valued at $116,000 after acquiring an additional 115,354 shares in the last quarter. We Are One Seven LLC raised its stake in shares of The Ultimate Software Group by 181.5% during the first quarter. We Are One Seven LLC now owns 729 shares of the technology company’s stock valued at $178,000 after acquiring an additional 470 shares in the last quarter. Kornitzer Capital Management Inc. KS bought a new stake in shares of The Ultimate Software Group during the second quarter valued at approximately $201,000. Reliance Trust Co. of Delaware bought a new stake in shares of The Ultimate Software Group during the second quarter valued at approximately $202,000. Finally, Alps Advisors Inc. bought a new stake in shares of The Ultimate Software Group during the second quarter valued at approximately $205,000.

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 to manage the employee life cycle from recruitment to retirement.

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

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