The Ultimate Software Group (ULTI) was Reiterated by MKM Partners to “Buy” according to the research note released today. The brokerage firm has raised the Price Target to $ 250 from a previous price target of $230 . MKM Partners advised their investors in a research report released on Jul 27, 2016.
Many Wall Street Analysts have commented on The Ultimate Software Group. Company shares were Reiterated by Deutsche Bank on Jul 27, 2016 to “Buy”, Firm has raised the Price Target to $ 240 from a previous price target of $215 .Piper Jaffray Resumed The Ultimate Software Group on Jun 1, 2016 to “Overweight”, Price Target of the shares are set at $225.Goldman Initiated The Ultimate Software Group on May 23, 2016 to “Neutral”, Price Target of the shares are set at $196.
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 closed down -9.17 points or -4.17% at $210.67 with 8,23,019 shares getting traded on Thursday. Post opening the session at $209.35, the shares hit an intraday low of $203.52 and an intraday high of $212.43 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.
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 Companys 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.