The Ultimate Software Group (NASDAQ:ULTI) was downgraded by stock analysts at BidaskClub from a “buy” rating to a “hold” rating in a note issued to investors on Thursday.

A number of other brokerages have also weighed in on ULTI. Piper Jaffray Companies reaffirmed an “overweight” rating and set a $250.00 target price on shares of The Ultimate Software Group in a research note on Tuesday. Guggenheim reaffirmed a “buy” rating and set a $245.00 target price on shares of The Ultimate Software Group in a research note on Thursday, January 11th. Mizuho raised shares of The Ultimate Software Group from a “neutral” rating to a “buy” rating and set a $200.00 target price on the stock in a research note on Monday, January 8th. SunTrust Banks reaffirmed a “buy” rating and set a $225.00 target price on shares of The Ultimate Software Group in a research note on Friday, November 3rd. Finally, Robert W. Baird reaffirmed a “hold” rating and set a $210.00 target price on shares of The Ultimate Software Group in a research note on Friday, November 3rd. One research analyst has rated the stock with a sell rating, six have given a hold rating and seventeen have issued a buy rating to the company. The Ultimate Software Group currently has a consensus rating of “Buy” and an average price target of $232.37.

Shares of The Ultimate Software Group (ULTI) traded down $0.84 during trading on Thursday, reaching $227.99. 204,502 shares of the company’s stock were exchanged, compared to its average volume of 199,121. The company has a market cap of $6,836.48, a price-to-earnings ratio of 217.93, a PEG ratio of 8.54 and a beta of 1.08. The Ultimate Software Group has a 1-year low of $181.59 and a 1-year high of $233.42. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.18 and a current ratio of 1.18.

The Ultimate Software Group (NASDAQ:ULTI) last announced its earnings results on Wednesday, November 1st. The technology company reported $1.05 earnings per share 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 net margin of 3.31% and a return on equity of 6.84%. The company’s revenue for the quarter was up 19.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.78 EPS. sell-side analysts expect that The Ultimate Software Group will post 0.63 earnings per share for the current year.

In related news, Chairman Scott Scherr sold 43,537 shares of the business’s stock in a transaction dated Tuesday, November 7th. The shares were sold at an average price of $196.21, for a total transaction of $8,542,394.77. Following the sale, the chairman now owns 426,427 shares of the company’s stock, valued at $83,669,241.67. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Mitchell K. Dauerman sold 15,480 shares of the business’s stock in a transaction dated Tuesday, November 7th. The stock was sold at an average price of $196.00, for a total transaction of $3,034,080.00. Following the sale, the chief financial officer now directly owns 122,045 shares in the company, valued at approximately $23,920,820. The disclosure for this sale can be found here. Insiders have sold 116,259 shares of company stock worth $22,912,048 in the last three months. 4.90% of the stock is currently owned by insiders.

A number of large investors have recently bought and sold shares of the stock. State of Alaska Department of Revenue bought a new stake in The Ultimate Software Group during the fourth quarter worth about $458,000. Schwab Charles Investment Management Inc. boosted its stake in The Ultimate Software Group by 4.8% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 93,064 shares of the technology company’s stock worth $20,310,000 after acquiring an additional 4,294 shares in the last quarter. Bank of Montreal Can boosted its stake in The Ultimate Software Group by 28.9% during the fourth quarter. Bank of Montreal Can now owns 15,445 shares of the technology company’s stock worth $3,370,000 after acquiring an additional 3,463 shares in the last quarter. Summit Creek Advisors LLC boosted its stake in The Ultimate Software Group by 25.2% during the fourth quarter. Summit Creek Advisors LLC now owns 64,790 shares of the technology company’s stock worth $14,139,000 after acquiring an additional 13,055 shares in the last quarter. Finally, AXA raised its holdings in The Ultimate Software Group by 16.6% in the third quarter. AXA now owns 292,160 shares of the technology company’s stock worth $55,394,000 after buying an additional 41,532 shares during the last quarter.

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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. As of December 31, 2016, UltiPro included global people management, available in 14 languages with more than 35 country-specific localizations.

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

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