The Ultimate Software Group (ULTI) Rating Increased to Buy at Mizuho

Mizuho upgraded shares of The Ultimate Software Group (NASDAQ:ULTI) from a neutral rating to a buy rating in a report published on Monday morning, MarketBeat reports. Mizuho currently has $200.00 target price on the technology company’s stock.

A number of other equities analysts have also recently issued reports on ULTI. BidaskClub raised shares of The Ultimate Software Group from a hold rating to a buy rating in a research report on Thursday, December 21st. Zacks Investment Research raised shares of The Ultimate Software Group from a sell rating to a hold rating in a research report on Wednesday, October 11th. Stifel Nicolaus increased their price objective on shares of The Ultimate Software Group from $235.00 to $250.00 and gave the stock a buy rating in a research report on Thursday, November 2nd. Robert W. Baird reissued a hold rating and set a $210.00 price objective on shares of The Ultimate Software Group in a research report on Friday, November 3rd. Finally, SunTrust Banks reissued a buy rating and set a $225.00 price objective on shares of The Ultimate Software Group in a research report on Friday, November 3rd. One research analyst has rated the stock with a sell rating, five have issued a hold rating and eighteen have given a buy rating to the company. The company has a consensus rating of Buy and an average target price of $231.58.

Shares of The Ultimate Software Group (NASDAQ ULTI) opened at $223.39 on Monday. 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 Ultimate Software Group has a 1-year low of $181.59 and a 1-year high of $233.42. The firm has a market capitalization of $6,740.00, a PE ratio of 230.30, a price-to-earnings-growth ratio of 8.24 and a beta of 1.08.

The Ultimate Software Group (NASDAQ:ULTI) last issued its quarterly earnings results on Wednesday, November 1st. The technology company reported $1.05 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.88 by $0.17. The firm had revenue of $236.11 million during the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same period last year, the business posted $0.78 EPS. sell-side analysts predict that The Ultimate Software Group will post 0.63 earnings per share for the current year.

In other The Ultimate Software Group news, CFO Mitchell K. Dauerman sold 15,480 shares of The Ultimate Software Group stock in a transaction that occurred on Tuesday, November 7th. The shares were sold at an average price of $196.00, for a total transaction of $3,034,080.00. Following the transaction, the chief financial officer now owns 122,045 shares of the company’s stock, valued at approximately $23,920,820. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director James A. Fitzpatrick, Jr. sold 4,585 shares of The Ultimate Software Group stock in a transaction that occurred on Friday, November 3rd. The stock was sold at an average price of $205.82, for a total transaction of $943,684.70. Following the transaction, the director now directly owns 14,650 shares in the company, valued at approximately $3,015,263. The disclosure for this sale can be found here. In the last ninety days, insiders sold 116,259 shares of company stock worth $22,912,048. 4.90% of the stock is owned by insiders.

Several institutional investors have recently bought and sold shares of ULTI. Schwab Charles Investment Management Inc. lifted its position in shares of The Ultimate Software Group by 5.6% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 87,759 shares of the technology company’s stock worth $18,435,000 after buying an additional 4,691 shares in the last quarter. Legal & General Group Plc lifted its position in shares of The Ultimate Software Group by 21.9% during the 2nd quarter. Legal & General Group Plc now owns 22,731 shares of the technology company’s stock worth $4,775,000 after buying an additional 4,083 shares in the last quarter. Prudential Financial Inc. lifted its position in shares of The Ultimate Software Group by 0.9% during the 2nd quarter. Prudential Financial Inc. now owns 18,638 shares of the technology company’s stock worth $3,915,000 after buying an additional 170 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of The Ultimate Software Group by 5.2% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,147 shares of the technology company’s stock worth $241,000 after buying an additional 57 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its position in shares of The Ultimate Software Group by 2.2% during the 2nd quarter. Principal Financial Group Inc. now owns 123,812 shares of the technology company’s stock worth $26,008,000 after buying an additional 2,715 shares in 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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