The Ultimate Software Group (ULTI) Releases Earnings Results, Beats Expectations By $0.07 EPS

The Ultimate Software Group (ULTI) reported quarterly earnings results on Tuesday, Apr-26-2016. The company said it had a profit of $0.73 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.07. Analysts had a consensus of $0.66. The company posted revenue of $187.20 million in the period, compared to analysts expectations of $180.10 million. The company’s revenue was up 29.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.52 EPS.

Many Wall Street Analysts have commented on The Ultimate Software Group. FBR Capital Upgraded The Ultimate Software Group on Feb 8, 2016 to ” Outperform”, Price Target of the shares are set at $205.Company shares were Reiterated by Wedbush on Feb 3, 2016 to “Neutral”, Firm has raised the Price Target to $ 195 from a previous price target of $189 .Company shares were Reiterated by RBC Capital Mkts on Feb 3, 2016 to “Outperform”, Firm has raised the Price Target to $ 206 from a previous price target of $200 .

The Ultimate Software Group closed down -0.51 points or -0.26% at $196.22 with 2,86,969 shares getting traded on Friday. Post opening the session at $195.95, the shares hit an intraday low of $194.49 and an intraday high of $198.33 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

In a different news, on Mar 8, 2016, Robert Manne (Senior VP, General Counsel) sold 20,000 shares at $174.44 per share price. According to the SEC, on Feb 23, 2016, Leroy Vander Putten (director) sold 1,399 shares at $166.76 per share price. On Feb 8, 2016, James A Jr Fitzpatrick (director) sold 946 shares at $183.86 per share price, according to the Form-4 filing with the securities and exchange commission.

The Ultimate Software Group Inc. is a cloud provider of people management solutions referred to as human capital management (HCM). The Company’s UltiPro product suite (UltiPro) is engaging solution that has human resources (HR) payroll and benefits management and includes global people management available in approximately 10 languages with over 35 country-specific localizations. Its solution includes feature sets for talent acquisition and onboarding HR management and compliance benefits management and online enrollment payroll performance management compensation management with salary planning budgeting and development of incentive plans succession management reporting and analytical decision-making and predictive tools and time and attendance. Its customers represent a variety of industries including manufacturing food services sports technology finance insurance retail real estate transportation communications healthcare and other services.

The Ultimate Software Group

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