Analysts expect The Ultimate Software Group, Inc. (NASDAQ:ULTI) to post sales of $270.83 million for the current quarter, according to Zacks Investment Research. Eleven analysts have issued estimates for The Ultimate Software Group’s earnings. The lowest sales estimate is $270.14 million and the highest is $272.30 million. The Ultimate Software Group reported sales of $228.49 million during the same quarter last year, which would suggest a positive year over year growth rate of 18.5%. The business is scheduled to issue its next earnings report on Tuesday, April 24th.
According to Zacks, analysts expect that The Ultimate Software Group will report full year sales of $270.83 million for the current year, with estimates ranging from $1.11 billion to $1.12 billion. For the next year, analysts anticipate that the business will report sales of $1.29 billion per share, with estimates ranging from $1.13 billion to $1.34 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research firms that follow The Ultimate Software Group.
The Ultimate Software Group (NASDAQ:ULTI) last posted its quarterly earnings results on Tuesday, February 6th. The technology company reported $1.11 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.87 by $0.24. The Ultimate Software Group had a net margin of 1.59% and a return on equity of 5.31%. The business had revenue of $251.43 million for the quarter, compared to the consensus estimate of $244.83 million. During the same period in the prior year, the business 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.
A number of equities analysts have recently weighed in on ULTI shares. Mizuho reaffirmed a “hold” rating and issued a $200.00 price target on shares of The Ultimate Software Group in a research note on Wednesday, December 6th. BidaskClub raised shares of The Ultimate Software Group from a “hold” rating to a “buy” rating in a research note on Thursday, December 21st. Guggenheim reaffirmed a “buy” rating and issued a $245.00 price target on shares of The Ultimate Software Group in a research note on Thursday, January 11th. Piper Jaffray Companies reaffirmed an “overweight” rating and issued a $250.00 price target on shares of The Ultimate Software Group in a research note on Tuesday, January 16th. Finally, Royal Bank of Canada upped their price target on shares of The Ultimate Software Group to $260.00 and gave the stock a “positive” rating in a research note on Tuesday, January 30th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and seventeen have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $243.90.
In other The Ultimate Software Group news, Director Rick Wilber sold 5,000 shares of the company’s stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $244.96, for a total transaction of $1,224,800.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Scott Scherr sold 110,522 shares of the company’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $224.58, for a total transaction of $24,821,030.76. Following the sale, the chairman now owns 343,139 shares of the company’s stock, valued at $77,062,156.62. The disclosure for this sale can be found here. Insiders have sold 284,019 shares of company stock valued at $63,840,036 over the last 90 days. Corporate insiders own 4.90% of the company’s stock.
A number of hedge funds have recently added to or reduced their stakes in ULTI. First Trust Advisors LP bought a new stake in The Ultimate Software Group during the third quarter valued at about $1,338,000. Crossmark Global Holdings Inc. bought a new stake in The Ultimate Software Group during the third quarter valued at about $752,000. Stevens Capital Management LP bought a new stake in The Ultimate Software Group during the third quarter valued at about $3,419,000. Tygh Capital Management Inc. bought a new stake in The Ultimate Software Group during the third quarter valued at about $6,233,000. Finally, Daiwa Securities Group Inc. boosted its holdings in The Ultimate Software Group by 52.0% during the third quarter. Daiwa Securities Group Inc. now owns 10,043 shares of the technology company’s stock valued at $1,904,000 after acquiring an additional 3,435 shares during the period.
The Ultimate Software Group (ULTI) opened at $252.11 on Wednesday. The Ultimate Software Group has a one year low of $181.59 and a one year high of $254.86. 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 firm has a market cap of $7,646.43, a price-to-earnings ratio of 525.23, a PEG ratio of 6.18 and a beta of 1.01.
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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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