Somewhat Favorable Media Coverage Somewhat Unlikely to Impact The Ultimate Software Group (ULTI) Stock Price
News articles about The Ultimate Software Group (NASDAQ:ULTI) have trended somewhat positive on Wednesday, Accern reports. The research group identifies positive and negative news coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. The Ultimate Software Group earned a coverage optimism score of 0.20 on Accern’s scale. Accern also assigned news stories about the technology company an impact score of 45.2396767574886 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
These are some of the media headlines that may have effected Accern Sentiment’s analysis:
- The Ultimate Software Group’s (ULTI) Hold Rating Reaffirmed at Mizuho (americanbankingnews.com)
- Ultimate Software Ranked #3 on Fortune’s 50 Best Workplaces for Diversity List for 2017 – Markets Insider (markets.businessinsider.com)
- Ultimate Software Ranked #3 on Fortune’s 50 Best Workplaces for Diversity List for 2017 – SYS-CON Media (press release) (news.sys-con.com)
- New National Study Conducted by Ultimate Software Reveals Need for Greater Focus on Manager-Employee … – Business Wire (press release) (businesswire.com)
- Ultimate Software Ranked #3 on Fortune’s 50 Best Workplaces for Diversity List for 2017 (finance.yahoo.com)
Shares of The Ultimate Software Group (ULTI) traded down $0.95 during trading on Wednesday, hitting $207.10. The company’s stock had a trading volume of 216,283 shares, compared to its average volume of 322,325. The Ultimate Software Group has a one year low of $180.29 and a one year high of $233.42. The stock has a market cap of $6,381.77, a price-to-earnings ratio of 203.44, a PEG ratio of 16.56 and a beta of 1.08. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.01.
ULTI has been the topic of a number of research reports. Stifel Nicolaus upped their price target on The Ultimate Software Group from $235.00 to $250.00 and gave the stock a “buy” rating in a report on Thursday, November 2nd. Royal Bank Of Canada restated a “buy” rating and issued a $216.00 price target on shares of The Ultimate Software Group in a report on Tuesday, October 10th. Zacks Investment Research upgraded The Ultimate Software Group from a “sell” rating to a “hold” rating in a report on Wednesday, October 11th. BidaskClub upgraded The Ultimate Software Group from a “sell” rating to a “hold” rating in a report on Wednesday, August 23rd. Finally, SunTrust Banks reiterated a “buy” rating and set a $225.00 target price on shares of The Ultimate Software Group in a report on Friday, November 3rd. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and sixteen have issued a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $231.58.
In other The Ultimate Software Group news, Director James A. Fitzpatrick, Jr. sold 4,585 shares of the stock in a transaction on Friday, November 3rd. The stock was sold at an average price of $205.82, for a total transaction of $943,684.70. Following the transaction, the director now owns 14,650 shares of the company’s stock, valued at approximately $3,015,263. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Chairman Scott Scherr sold 43,537 shares of the stock in a transaction on Tuesday, November 7th. The stock was sold at an average price of $196.21, for a total value of $8,542,394.77. Following the transaction, the chairman now directly owns 426,427 shares in the company, valued at approximately $83,669,241.67. The disclosure for this sale can be found here. In the last three months, insiders have sold 116,259 shares of company stock worth $22,912,048. Corporate insiders own 4.90% of the company’s stock.
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.
Receive News & Stock Ratings for The Ultimate Software Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Ultimate Software Group Inc. and related stocks with our FREE daily email newsletter.