News articles about The Ultimate Software Group (NASDAQ:ULTI) have been trending somewhat positive on Sunday, Accern reports. Accern ranks the sentiment of press coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. The Ultimate Software Group earned a daily sentiment score of 0.20 on Accern’s scale. Accern also gave media stories about the technology company an impact score of 45.1979503594004 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Here are some of the news articles that may have effected Accern Sentiment’s analysis:
- The Ultimate Software Group, Inc. (ULTI) Expected to Post Earnings of $0.87 Per Share (americanbankingnews.com)
- The Ultimate Guide to Information Literacy: How to Spot Fake News in 2018 (goodmenproject.com)
- 2018 Population Health Management Market | Ultimate Analysis & Global Foresight to 2023; Assert MRFR (itbusinessnet.com)
- Guggenheim Sticks to Their Buy Rating for Ultimate Software … – Analyst Ratings (analystratings.com)
- Guggenheim Reiterates Buy Rating for The Ultimate Software Group (ULTI) (americanbankingnews.com)
A number of equities research analysts recently commented on ULTI shares. Zacks Investment Research lowered The Ultimate Software Group from a “hold” rating to a “sell” rating in a research report on Thursday, October 5th. Royal Bank of Canada reiterated a “buy” rating and issued a $216.00 price objective on shares of The Ultimate Software Group in a research report on Tuesday, October 10th. Wells Fargo & Co reiterated an “outperform” rating and issued a $240.00 price objective (up from $230.00) on shares of The Ultimate Software Group in a research report on Thursday, November 2nd. Stifel Nicolaus increased their price target on The Ultimate Software Group from $235.00 to $250.00 and gave the company a “buy” rating in a research note on Thursday, November 2nd. Finally, Wedbush reissued an “outperform” rating and issued a $220.00 price target (down previously from $226.00) on shares of The Ultimate Software Group in a research note on Thursday, November 2nd. One investment analyst has rated the stock with a sell rating, five have given a hold rating and eighteen have assigned a buy rating to the company’s stock. The Ultimate Software Group currently has a consensus rating of “Buy” and a consensus price target of $232.37.
Shares of The Ultimate Software Group (ULTI) opened at $226.28 on Friday. The Ultimate Software Group has a 12 month low of $181.59 and a 12 month high of $233.42. The stock has a market capitalization of $6,760.34, a PE ratio of 215.50, a price-to-earnings-growth ratio of 8.45 and a beta of 1.08. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.01.
The Ultimate Software Group (NASDAQ:ULTI) last released its quarterly earnings results on Wednesday, November 1st. The technology company reported $1.05 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.88 by $0.17. The Ultimate Software Group had a return on equity of 6.84% and a net margin of 3.31%. The firm had revenue of $236.11 million for the quarter, compared to the consensus estimate of $232.92 million. During the same quarter last year, the business posted $0.78 EPS. The company’s revenue for the quarter was up 19.9% on a year-over-year basis. equities research analysts forecast that The Ultimate Software Group will post 0.63 earnings per share for the current fiscal year.
In other news, Chairman Scott Scherr sold 43,537 shares of the firm’s stock in a transaction dated Tuesday, November 7th. The stock was sold at an average price of $196.21, for a total value of $8,542,394.77. Following the completion of the transaction, the chairman now owns 426,427 shares in the company, valued at approximately $83,669,241.67. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Alois T. Leiter sold 5,559 shares of the firm’s stock in a transaction dated Friday, November 10th. The shares were sold at an average price of $198.16, for a total value of $1,101,571.44. Following the completion of the transaction, the director now owns 165,596 shares of the company’s stock, valued at approximately $32,814,503.36. The disclosure for this sale can be found here. Insiders sold a total of 116,259 shares of company stock worth $22,912,048 in the last three months. Company insiders own 4.90% of the company’s stock.
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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.
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