The Ultimate Software Group (ULTI) is Initiated by Goldman to Neutral, Price Target at $196

The Ultimate Software Group (ULTI) was Initiated by Goldman to “Neutral” and the brokerage firm has set the Price Target at $196. Goldman advised their investors in a research report released on May 23, 2016.

Many Wall Street Analysts have commented on The Ultimate Software Group. Company shares were Reiterated by Wedbush on Apr 28, 2016 to “Neutral”, Firm has raised the Price Target to $ 203 from a previous price target of $194 .Company shares were Reiterated by FBR Capital on Apr 27, 2016 to “Outperform”, Firm has raised the Price Target to $ 220 from a previous price target of $205 .Company shares were Reiterated by RBC Capital Mkts on Apr 27, 2016 to “Outperform”, Firm has raised the Price Target to $ 218 from a previous price target of $202 .

On the company’s financial health, The Ultimate Software Group reported $0.73 EPS for the quarter, beating the analyst consensus estimate by $ 0.07 according to the earnings call on Apr 26, 2016. Analyst had a consensus of $0.66. The company had revenue of $187.20 million for the quarter, 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.

The Ultimate Software Group opened for trading at $196.4 and hit $198.37 on the upside on Friday, eventually ending the session at $197.25, with a gain of 2.40% or 4.62 points. The heightened volatility saw the trading volume jump to 2,12,253 shares. Company has a market cap of $5,695,791 M.

In a different news, on Apr 28, 2016, James A Jr Fitzpatrick (director) sold 931 shares at $199.38 per share price. According to the SEC, on Mar 8, 2016, Robert Manne (Senior VP, General Counsel) sold 20,000 shares at $174.44 per share price. On Feb 23, 2016, Leroy Vander Putten (director) sold 1,399 shares at $166.76 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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