Credit Suisse Group reaffirmed their outperform rating on shares of The Ultimate Software Group (NASDAQ:ULTI) in a research report sent to investors on Wednesday. They currently have a $255.00 price target on the technology company’s stock, up from their prior price target of $245.00.

A number of other brokerages also recently weighed in on ULTI. Royal Bank of Canada lifted their price target on The Ultimate Software Group to $260.00 and gave the company a positive rating in a report on Tuesday, January 30th. Wells Fargo & Co reiterated an outperform rating and set a $290.00 price target (up previously from $240.00) on shares of The Ultimate Software Group in a report on Wednesday, January 31st. Piper Jaffray Companies reiterated an overweight rating and set a $250.00 price target on shares of The Ultimate Software Group in a report on Tuesday, January 16th. BidaskClub downgraded The Ultimate Software Group from a buy rating to a hold rating in a report on Thursday, January 18th. Finally, Guggenheim reiterated a buy rating and set a $245.00 price target on shares of The Ultimate Software Group in a report on Thursday, January 11th. One analyst has rated the stock with a sell rating, five have issued a hold rating and seventeen have assigned a buy rating to the company. The Ultimate Software Group has a consensus rating of Buy and a consensus price target of $243.90.

Shares of The Ultimate Software Group (ULTI) opened at $228.87 on Wednesday. The Ultimate Software Group has a 52-week low of $181.59 and a 52-week high of $242.93. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.01. The stock has a market capitalization of $6,635.11, a price-to-earnings ratio of 476.81, a PEG ratio of 7.16 and a beta of 1.07.

The Ultimate Software Group (NASDAQ:ULTI) last issued its quarterly earnings results on Tuesday, February 6th. The technology company reported $1.11 earnings per share for the quarter, beating analysts’ consensus estimates of $0.87 by $0.24. The Ultimate Software Group had a return on equity of 5.31% and a net margin of 1.59%. The business had revenue of $251.43 million for the quarter, compared to the consensus estimate of $244.83 million. During the same quarter in the previous year, the company posted $0.91 earnings per share. The Ultimate Software Group’s revenue for the quarter was up 19.4% compared to the same quarter last year. research analysts anticipate that The Ultimate Software Group will post 1.44 EPS for the current fiscal year.

In other The Ultimate Software Group news, VP Robert Manne sold 5,000 shares of the business’s stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $228.85, for a total value of $1,144,250.00. Following the completion of the sale, the vice president now owns 63,873 shares of the company’s stock, valued at $14,617,336.05. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director James A. Fitzpatrick, Jr. sold 4,230 shares of the business’s stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $228.63, for a total value of $967,104.90. Following the completion of the sale, the director now directly owns 9,145 shares of the company’s stock, valued at approximately $2,090,821.35. The disclosure for this sale can be found here. Insiders own 4.90% of the company’s stock.

Large investors have recently made changes to their positions in the business. Zions Bancorporation acquired a new stake in shares of The Ultimate Software Group in the third quarter worth about $182,000. CIBC Asset Management Inc acquired a new stake in shares of The Ultimate Software Group in the fourth quarter worth about $213,000. FineMark National Bank & Trust acquired a new stake in shares of The Ultimate Software Group in the fourth quarter worth about $217,000. Nomura Holdings Inc. acquired a new stake in shares of The Ultimate Software Group in the second quarter worth about $229,000. Finally, Banque Pictet & Cie SA acquired a new stake in shares of The Ultimate Software Group in the third quarter worth about $209,000.

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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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