Brokerages expect The Ultimate Software Group, Inc. (NASDAQ:ULTI) to post $244.69 million in sales for the current fiscal quarter, according to Zacks Investment Research. Eleven analysts have provided estimates for The Ultimate Software Group’s earnings, with the highest sales estimate coming in at $246.40 million and the lowest estimate coming in at $244.00 million. The Ultimate Software Group posted sales of $210.55 million during the same quarter last year, which suggests a positive year-over-year growth rate of 16.2%. The company is scheduled to announce its next earnings report on Tuesday, February 6th.

According to Zacks, analysts expect that The Ultimate Software Group will report full year sales of $244.69 million for the current financial year, with estimates ranging from $933.30 million to $935.70 million. For the next financial year, analysts expect that the business will report sales of $1.11 billion per share, with estimates ranging from $1.11 billion to $1.12 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side analysts that follow The Ultimate Software Group.

The Ultimate Software Group (NASDAQ:ULTI) last released its quarterly earnings results on Wednesday, November 1st. The technology company reported $1.05 EPS for the quarter, beating analysts’ consensus estimates of $0.88 by $0.17. The firm had revenue of $236.11 million for the quarter, compared to analyst estimates of $232.92 million. The Ultimate Software Group had a return on equity of 6.84% and a net margin of 3.31%. The business’s revenue was up 19.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.78 EPS.

A number of brokerages have recently issued reports on ULTI. Mizuho reissued a “hold” rating and issued a $200.00 price objective on shares of The Ultimate Software Group in a research note on Wednesday, December 6th. Robert W. Baird reissued a “hold” rating and issued a $210.00 price objective on shares of The Ultimate Software Group in a research note on Friday, November 3rd. SunTrust Banks reissued a “buy” rating and issued a $225.00 price objective on shares of The Ultimate Software Group in a research note on Friday, November 3rd. Bank of America began coverage on The Ultimate Software Group in a research note on Monday, November 6th. They issued an “underperform” rating and a $187.00 price objective on the stock. Finally, Stifel Nicolaus boosted their price objective on The Ultimate Software Group from $235.00 to $250.00 and gave the company a “buy” rating in a research note on Thursday, November 2nd. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and sixteen have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $231.58.

The Ultimate Software Group (NASDAQ ULTI) opened at $214.77 on Tuesday. The stock has a market capitalization of $6,389.83, a PE ratio of 203.70, a PEG ratio of 16.58 and a beta of 1.08. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.18 and a quick ratio of 1.18. The Ultimate Software Group has a 52 week low of $180.29 and a 52 week high of $233.42.

In other news, Director Alois T. Leiter sold 5,559 shares of the stock in a transaction that occurred on Friday, November 10th. The stock was sold at an average price of $198.16, for a total value of $1,101,571.44. Following the completion of the sale, the director now directly owns 165,596 shares of the company’s stock, valued at $32,814,503.36. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Robert Manne sold 5,000 shares of the stock in a transaction that occurred on Friday, November 3rd. The stock was sold at an average price of $206.08, for a total value of $1,030,400.00. Following the completion of the sale, the vice president now directly owns 76,484 shares of the company’s stock, valued at $15,761,822.72. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 116,259 shares of company stock worth $22,912,048. 4.90% of the stock is owned by company insiders.

Several institutional investors have recently modified their holdings of ULTI. Janus Henderson Group PLC raised its stake in shares of The Ultimate Software Group by 819.9% in the second quarter. Janus Henderson Group PLC now owns 2,245,044 shares of the technology company’s stock worth $471,594,000 after purchasing an additional 2,000,984 shares during the last quarter. FMR LLC raised its stake in shares of The Ultimate Software Group by 4.9% in the second quarter. FMR LLC now owns 3,869,769 shares of the technology company’s stock worth $812,884,000 after purchasing an additional 180,698 shares during the last quarter. Bamco Inc. NY raised its stake in shares of The Ultimate Software Group by 32.6% in the third quarter. Bamco Inc. NY now owns 520,740 shares of the technology company’s stock worth $98,732,000 after purchasing an additional 128,099 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of The Ultimate Software Group by 3.2% in the second quarter. Vanguard Group Inc. now owns 2,300,574 shares of the technology company’s stock worth $483,258,000 after purchasing an additional 71,422 shares during the last quarter. Finally, Bain Capital Public Equity Management LLC purchased a new stake in shares of The Ultimate Software Group in the second quarter worth approximately $14,984,000.

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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.

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Earnings History and Estimates for The Ultimate Software Group (NASDAQ:ULTI)

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