The Ultimate Software Group (NASDAQ:ULTI) was upgraded by equities research analysts at BidaskClub from a “sell” rating to a “hold” rating in a report issued on Friday, November 23rd.

Several other equities research analysts have also recently weighed in on the company. Needham & Company LLC upped their price target on The Ultimate Software Group to $370.00 and gave the company a “buy” rating in a research report on Monday, September 17th. Piper Jaffray Companies reiterated an “overweight” rating and set a $360.00 price target on shares of The Ultimate Software Group in a research report on Monday, August 27th. Jefferies Financial Group started coverage on The Ultimate Software Group in a research report on Monday, October 1st. They set a “buy” rating and a $370.00 price target on the stock. Guggenheim began coverage on The Ultimate Software Group in a research report on Monday, August 20th. They set a “neutral” rating and a $300.00 price target on the stock. Finally, Wedbush restated a “neutral” rating and issued a $260.00 price objective (down from $288.00) on shares of The Ultimate Software Group in a research report on Wednesday, August 1st. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and thirteen have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $296.38.

NASDAQ ULTI traded down $8.00 during trading on Friday, hitting $250.19. 139,136 shares of the company’s stock traded hands, compared to its average volume of 245,928. The company has a market cap of $8.07 billion, a PE ratio of 308.88, a price-to-earnings-growth ratio of 5.75 and a beta of 1.19. The Ultimate Software Group has a 12-month low of $205.01 and a 12-month high of $332.43. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.01.

The Ultimate Software Group (NASDAQ:ULTI) last released its quarterly earnings data on Tuesday, October 30th. The technology company reported $1.33 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.32 by $0.01. The Ultimate Software Group had a net margin of 4.57% and a return on equity of 8.17%. The business had revenue of $287.83 million for the quarter, compared to the consensus estimate of $287.22 million. During the same period in the prior year, the firm earned $1.05 earnings per share. The company’s revenue was up 21.9% compared to the same quarter last year. As a group, equities research analysts anticipate that The Ultimate Software Group will post 2.11 EPS for the current year.

In other The Ultimate Software Group news, Director James A. Fitzpatrick, Jr. sold 494 shares of the company’s stock in a transaction that occurred on Friday, November 2nd. The stock was sold at an average price of $267.20, for a total value of $131,996.80. Following the completion of the sale, the director now owns 9,969 shares of the company’s stock, valued at $2,663,716.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Gregory Swick sold 4,252 shares of the company’s stock in a transaction that occurred on Tuesday, November 6th. The stock was sold at an average price of $257.00, for a total value of $1,092,764.00. Following the completion of the sale, the vice president now directly owns 25,460 shares of the company’s stock, valued at approximately $6,543,220. The disclosure for this sale can be found here. 3.00% of the stock is owned by corporate insiders.

A number of institutional investors and hedge funds have recently modified their holdings of the business. FMR LLC boosted its stake in shares of The Ultimate Software Group by 1.7% during the third quarter. FMR LLC now owns 3,942,076 shares of the technology company’s stock valued at $1,270,097,000 after purchasing an additional 66,119 shares during the period. Janus Henderson Group PLC boosted its stake in shares of The Ultimate Software Group by 1.6% during the second quarter. Janus Henderson Group PLC now owns 3,225,819 shares of the technology company’s stock valued at $830,035,000 after purchasing an additional 52,141 shares during the period. BlackRock Inc. boosted its stake in shares of The Ultimate Software Group by 7.2% during the third quarter. BlackRock Inc. now owns 2,785,246 shares of the technology company’s stock valued at $897,379,000 after purchasing an additional 186,650 shares during the period. Vanguard Group Inc. boosted its stake in shares of The Ultimate Software Group by 4.4% during the third quarter. Vanguard Group Inc. now owns 2,666,371 shares of the technology company’s stock valued at $859,078,000 after purchasing an additional 112,463 shares during the period. Finally, Blair William & Co. IL boosted its stake in shares of The Ultimate Software Group by 0.3% during the third quarter. Blair William & Co. IL now owns 533,766 shares of the technology company’s stock valued at $171,974,000 after purchasing an additional 1,425 shares during the period. 97.01% of the stock is owned by institutional investors and hedge funds.

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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