Shares of The Ultimate Software Group Inc. (NASDAQ:ULTI) have earned a consensus rating of “Buy” from the nineteen research firms that are presently covering the company. Five analysts have rated the stock with a hold recommendation and fourteen have assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $226.85.

Several analysts have issued reports on ULTI shares. TheStreet cut The Ultimate Software Group from a “buy” rating to a “hold” rating in a research report on Monday, August 29th. Wedbush raised The Ultimate Software Group from a “neutral” rating to an “outperform” rating and dropped their target price for the company from $248.00 to $242.00 in a research report on Monday, October 31st. Zacks Investment Research raised The Ultimate Software Group from a “hold” rating to a “strong-buy” rating and set a $242.00 target price on the stock in a research report on Thursday, November 3rd. Pacific Crest set a $245.00 target price on The Ultimate Software Group and gave the company a “buy” rating in a research report on Tuesday, October 11th. Finally, MKM Partners reaffirmed a “buy” rating on shares of The Ultimate Software Group in a research report on Friday, November 4th.

In other news, Chairman Scott Scherr sold 72,562 shares of the firm’s stock in a transaction dated Tuesday, November 8th. The stock was sold at an average price of $209.72, for a total transaction of $15,217,702.64. Following the sale, the chairman now directly owns 480,896 shares in the company, valued at approximately $100,853,509.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Robert Manne sold 7,500 shares of the firm’s stock in a transaction dated Thursday, November 3rd. The shares were sold at an average price of $210.00, for a total value of $1,575,000.00. Following the sale, the vice president now owns 88,908 shares in the company, valued at $18,670,680. The disclosure for this sale can be found here. Company insiders own 5.60% of the company’s stock.

Several large investors have recently bought and sold shares of the stock. EULAV Asset Management boosted its stake in The Ultimate Software Group by 6.0% in the third quarter. EULAV Asset Management now owns 115,800 shares of the company’s stock worth $23,668,000 after buying an additional 6,600 shares during the period. KCG Holdings Inc. acquired a new stake in The Ultimate Software Group during the third quarter worth approximately $1,583,000. Profund Advisors LLC boosted its stake in The Ultimate Software Group by 29.6% in the third quarter. Profund Advisors LLC now owns 3,898 shares of the company’s stock worth $797,000 after buying an additional 890 shares during the period. Brown Advisory Securities LLC boosted its stake in The Ultimate Software Group by 10.2% in the third quarter. Brown Advisory Securities LLC now owns 1,835 shares of the company’s stock worth $371,000 after buying an additional 170 shares during the period. Finally, BOKF NA boosted its stake in The Ultimate Software Group by 2.7% in the third quarter. BOKF NA now owns 1,132 shares of the company’s stock worth $231,000 after buying an additional 30 shares during the period. Hedge funds and other institutional investors own 97.62% of the company’s stock.

Shares of The Ultimate Software Group (NASDAQ:ULTI) opened at 196.96 on Tuesday. The company has a 50 day moving average price of $206.84 and a 200 day moving average price of $206.62. The Ultimate Software Group has a one year low of $148.26 and a one year high of $224.07. The company has a market cap of $5.70 billion, a price-to-earnings ratio of 308.23 and a beta of 0.98.

The Ultimate Software Group (NASDAQ:ULTI) last announced its earnings results on Tuesday, November 1st. The company reported $0.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.77 by $0.01. The business had revenue of $197 million for the quarter, compared to analysts’ expectations of $196.94 million. The Ultimate Software Group had a return on equity of 3.26% and a net margin of 2.42%. The business’s revenue for the quarter was up 26.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.69 EPS. Equities analysts predict that The Ultimate Software Group will post $3.23 EPS for the current year.

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, and includes global people management, available in over 10 languages with approximately 40 country-specific localizations.

5 Day Chart for NASDAQ:ULTI

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