Research Analysts Set Expectations for The Ultimate Software Group, Inc.’s Q1 2017 Earnings (ULTI)

The Ultimate Software Group, Inc. (NASDAQ:ULTI) – Investment analysts at Wedbush dropped their Q1 2017 earnings per share (EPS) estimates for shares of The Ultimate Software Group in a research report issued to clients and investors on Wednesday. Wedbush analyst S. Koenig now expects that the brokerage will post earnings per share of $0.20 for the quarter, down from their previous estimate of $0.28. Wedbush currently has a “Outperform” rating and a $240.00 target price on the stock. Wedbush also issued estimates for The Ultimate Software Group’s Q2 2017 earnings at $0.45 EPS, Q3 2017 earnings at $0.53 EPS, Q4 2017 earnings at $0.69 EPS, FY2017 earnings at $1.87 EPS, Q1 2018 earnings at $0.54 EPS, Q2 2018 earnings at $0.72 EPS, Q3 2018 earnings at $0.75 EPS, Q4 2018 earnings at $0.93 EPS and FY2018 earnings at $2.94 EPS.

Other research analysts also recently issued reports about the company. Zacks Investment Research downgraded The Ultimate Software Group from a “buy” rating to a “hold” rating in a research note on Tuesday, November 8th. MKM Partners reissued a “buy” rating on shares of The Ultimate Software Group in a research note on Friday, November 4th. Needham & Company LLC reissued a “buy” rating and issued a $250.00 price objective on shares of The Ultimate Software Group in a research note on Wednesday, February 8th. Finally, William Blair reissued an “outperform” rating on shares of The Ultimate Software Group in a research note on Tuesday, February 7th. Four analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $231.00.

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

This report was first posted by sleekmoney and is owned by of sleekmoney. If you are reading this report on another publication, it was illegally copied and republished in violation of United States and international copyright laws. The legal version of this report can be read at http://sleekmoney.com/research-analysts-set-expectations-for-the-ultimate-software-group-inc-s-q1-2017-earnings-ulti/1659340.html.

The Ultimate Software Group (NASDAQ:ULTI) opened at 194.03 on Monday. The firm has a market cap of $5.67 billion, a price-to-earnings ratio of 195.99 and a beta of 0.97. The Ultimate Software Group has a 1-year low of $155.86 and a 1-year high of $224.07. The firm has a 50-day moving average price of $192.72 and a 200-day moving average price of $201.84.

The Ultimate Software Group (NASDAQ:ULTI) last posted its quarterly earnings data on Tuesday, February 7th. The company reported $0.91 EPS for the quarter, missing analysts’ consensus estimates of $0.95 by $0.04. The business earned $210.50 million during the quarter, compared to analyst estimates of $210.01 million. The Ultimate Software Group had a return on equity of 4.15% and a net margin of 2.77%. The Ultimate Software Group’s revenue for the quarter was up 23.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.83 EPS.

In other The Ultimate Software Group news, VP Gregory Swick sold 2,898 shares of the business’s stock in a transaction that occurred on Monday, February 13th. The stock was sold at an average price of $193.86, for a total transaction of $561,806.28. Following the completion of the sale, the vice president now directly owns 44,996 shares of the company’s stock, valued at approximately $8,722,924.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Rick Wilber sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, November 21st. The stock was sold at an average price of $210.07, for a total value of $1,050,350.00. Following the sale, the director now directly owns 119,425 shares of the company’s stock, valued at $25,087,609.75. The disclosure for this sale can be found here. Insiders have sold a total of 102,989 shares of company stock valued at $20,045,253 over the last three months. Corporate insiders own 5.60% of the company’s stock.

This report was first posted by sleekmoney and is owned by of sleekmoney. If you are reading this report on another publication, it was illegally copied and republished in violation of United States and international copyright laws. The legal version of this report can be read at http://sleekmoney.com/research-analysts-set-expectations-for-the-ultimate-software-group-inc-s-q1-2017-earnings-ulti/1659340.html.

A number of hedge funds have recently modified their holdings of ULTI. Prudential Financial Inc. raised its position in The Ultimate Software Group by 56.4% in the third quarter. Prudential Financial Inc. now owns 34,592 shares of the company’s stock valued at $7,070,000 after buying an additional 12,470 shares in the last quarter. Peregrine Capital Management LLC acquired a new position in The Ultimate Software Group during the third quarter valued at about $31,517,000. Sei Investments Co. raised its position in The Ultimate Software Group by 0.9% in the third quarter. Sei Investments Co. now owns 58,884 shares of the company’s stock valued at $12,035,000 after buying an additional 508 shares in the last quarter. Stephens Investment Management Group LLC raised its position in The Ultimate Software Group by 3.6% in the third quarter. Stephens Investment Management Group LLC now owns 228,982 shares of the company’s stock valued at $46,802,000 after buying an additional 7,957 shares in the last quarter. Finally, Bank of Montreal Can raised its position in The Ultimate Software Group by 1.1% in the third quarter. Bank of Montreal Can now owns 13,010 shares of the company’s stock valued at $2,659,000 after buying an additional 145 shares in the last quarter. 99.38% of the stock is owned by hedge funds and other institutional investors.

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

This story was originally published by sleekmoney (http://sleekmoney.com) and is the sole property of sleekmoney. If you are reading this article on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. You can view the original version of this story at http://sleekmoney.com/research-analysts-set-expectations-for-the-ultimate-software-group-inc-s-q1-2017-earnings-ulti/1659340.html

Receive News & 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 companies with MarketBeat.com's FREE daily email newsletter.

 

Leave a Reply

Your email address will not be published. Required fields are marked *