News coverage about The Ultimate Software Group (NASDAQ:ULTI) has trended somewhat positive on Tuesday, Accern reports. The research group identifies negative and positive press coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. The Ultimate Software Group earned a news impact score of 0.09 on Accern’s scale. Accern also gave media headlines about the technology company an impact score of 44.2581267162192 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
These are some of the news stories that may have effected Accern Sentiment’s scoring:
- The Ultimate Software Group, Inc. :ULTI-US: Earnings Analysis: Q3, 2017 By the Numbers : November 13, 2017 (finance.yahoo.com)
- Alois T. Leiter Sells 5,559 Shares of The Ultimate Software Group, Inc. (ULTI) Stock (americanbankingnews.com)
- Ultimate Software’s Vivian Maza Named One of the Top HR Executives in the U.S. (finance.yahoo.com)
- The Ultimate Software Group, Inc. (ULTI) CFO Mitchell K. Dauerman Sells 15,480 Shares (americanbankingnews.com)
- Gregory Swick Sells 12,106 Shares of The Ultimate Software Group, Inc. (ULTI) Stock (americanbankingnews.com)
Shares of The Ultimate Software Group (ULTI) traded down $0.40 during midday trading on Tuesday, reaching $198.00. 271,700 shares of the company’s stock traded hands, compared to its average volume of 321,687. 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 has a 1 year low of $180.29 and a 1 year high of $233.42. The firm has a market cap of $5,910.00, a PE ratio of 188.95, a P/E/G ratio of 15.38 and a beta of 1.09.
The Ultimate Software Group (NASDAQ:ULTI) last posted its quarterly earnings data on Wednesday, November 1st. The technology company reported $1.05 EPS for the quarter, beating the Zacks’ consensus estimate of $0.88 by $0.17. The Ultimate Software Group had a net margin of 3.31% and a return on equity of 6.84%. The company had revenue of $236.11 million for the quarter, compared to analyst estimates of $232.92 million. During the same period in the prior year, the firm posted $0.78 EPS. The company’s quarterly revenue was up 19.9% on a year-over-year basis. analysts expect that The Ultimate Software Group will post 0.63 EPS for the current year.
A number of brokerages have recently weighed in on ULTI. Piper Jaffray Companies reaffirmed an “overweight” rating and set a $250.00 price target on shares of The Ultimate Software Group in a report on Saturday, July 22nd. Robert W. Baird reaffirmed a “hold” rating and set a $210.00 price target on shares of The Ultimate Software Group in a report on Friday, November 3rd. Credit Suisse Group reaffirmed an “outperform” rating and set a $245.00 price target (down previously from $260.00) on shares of The Ultimate Software Group in a report on Wednesday, August 2nd. Zacks Investment Research downgraded shares of The Ultimate Software Group from a “hold” rating to a “sell” rating in a report on Thursday, October 19th. Finally, Wedbush reiterated an “outperform” rating and set a $220.00 price objective (down from $226.00) on shares of The Ultimate Software Group in a research report on Thursday, November 2nd. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and sixteen have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $231.58.
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In other news, Chairman Scott Scherr sold 43,537 shares of the company’s stock in a transaction on Tuesday, November 7th. The shares were sold at an average price of $196.21, for a total value of $8,542,394.77. Following the sale, the chairman now directly owns 426,427 shares of the company’s stock, valued at approximately $83,669,241.67. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Alois T. Leiter sold 5,559 shares of the company’s stock in a transaction on Friday, November 10th. The shares were sold at an average price of $198.16, for a total transaction of $1,101,571.44. Following the completion of the sale, the director now directly owns 165,596 shares in the company, valued at $32,814,503.36. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 116,259 shares of company stock worth $22,912,048. 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.
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