The Ultimate Software Group, Inc. (ULTI) Expected to Post Earnings of $1.44 Per Share

Wall Street brokerages forecast that The Ultimate Software Group, Inc. (NASDAQ:ULTI) will post earnings of $1.44 per share for the current fiscal quarter, Zacks reports. Twelve analysts have made estimates for The Ultimate Software Group’s earnings, with the lowest EPS estimate coming in at $1.40 and the highest estimate coming in at $1.52. The Ultimate Software Group reported earnings of $1.11 per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 29.7%. The firm is expected to report its next earnings results after the market closes on Tuesday, February 5th.

On average, analysts expect that The Ultimate Software Group will report full-year earnings of $5.39 per share for the current year, with EPS estimates ranging from $5.36 to $5.47. For the next year, analysts anticipate that the company will post earnings of $6.20 per share, with EPS estimates ranging from $5.95 to $6.93. Zacks’ earnings per share calculations are a mean average based on a survey of research firms that cover The Ultimate Software Group.

The Ultimate Software Group (NASDAQ:ULTI) last announced its earnings results on Tuesday, October 30th. The technology company reported $1.33 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.32 by $0.01. The Ultimate Software Group had a return on equity of 8.17% and a net margin of 4.57%. The firm had revenue of $287.83 million for the quarter, compared to the consensus estimate of $287.22 million. During the same period in the previous year, the business earned $1.05 EPS. The firm’s revenue for the quarter was up 21.9% on a year-over-year basis.

Several research analysts recently weighed in on the company. BidaskClub upgraded The Ultimate Software Group from a “sell” rating to a “hold” rating in a research note on Friday, November 23rd. Bank of America boosted their target price on The Ultimate Software Group from $258.00 to $266.00 and gave the stock an “underperform” rating in a research note on Wednesday, September 26th. Jefferies Financial Group dropped their price target on The Ultimate Software Group to $330.00 and set a “buy” rating on the stock in a research note on Wednesday, October 31st. Zacks Investment Research upgraded The Ultimate Software Group from a “strong sell” rating to a “hold” rating in a research note on Saturday, January 5th. Finally, Evercore ISI upgraded The Ultimate Software Group from an “in-line” rating to an “outperform” rating and set a $310.00 price target on the stock in a research note on Thursday, December 13th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and fifteen have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $297.33.

In other The Ultimate Software Group news, VP Gregory Swick sold 4,252 shares of the stock in a transaction that occurred on Tuesday, November 6th. The stock was sold at an average price of $257.00, for a total transaction of $1,092,764.00. Following the completion of the transaction, the vice president now owns 25,460 shares of the company’s stock, valued at $6,543,220. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director James A. Fitzpatrick, Jr. sold 494 shares of the stock in a transaction that occurred on Friday, November 2nd. The shares were sold at an average price of $267.20, for a total value of $131,996.80. Following the transaction, the director now directly owns 9,969 shares of the company’s stock, valued at approximately $2,663,716.80. The disclosure for this sale can be found here. Corporate insiders own 3.00% of the company’s stock.

Several institutional investors have recently made changes to their positions in the business. First Hawaiian Bank raised its holdings in shares of The Ultimate Software Group by 25.3% during the fourth quarter. First Hawaiian Bank now owns 426 shares of the technology company’s stock valued at $105,000 after acquiring an additional 86 shares during the last quarter. Teachers Advisors LLC raised its holdings in shares of The Ultimate Software Group by 0.4% during the third quarter. Teachers Advisors LLC now owns 45,235 shares of the technology company’s stock valued at $14,574,000 after acquiring an additional 194 shares during the last quarter. Swiss National Bank raised its holdings in shares of The Ultimate Software Group by 0.4% during the third quarter. Swiss National Bank now owns 50,726 shares of the technology company’s stock valued at $16,343,000 after acquiring an additional 200 shares during the last quarter. Utah Retirement Systems raised its holdings in shares of The Ultimate Software Group by 3.6% during the third quarter. Utah Retirement Systems now owns 5,700 shares of the technology company’s stock valued at $1,837,000 after acquiring an additional 200 shares during the last quarter. Finally, Brown Brothers Harriman & Co. raised its holdings in shares of The Ultimate Software Group by 56.3% during the third quarter. Brown Brothers Harriman & Co. now owns 555 shares of the technology company’s stock valued at $179,000 after acquiring an additional 200 shares during the last quarter. 96.50% of the stock is owned by institutional investors and hedge funds.

ULTI stock traded down $3.40 on Thursday, hitting $265.05. 171,584 shares of the company’s stock were exchanged, compared to its average volume of 204,227. The Ultimate Software Group has a 12-month low of $207.02 and a 12-month high of $332.43. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.04 and a quick ratio of 1.04. The company has a market cap of $8.39 billion, a price-to-earnings ratio of 327.22, a price-to-earnings-growth ratio of 4.61 and a beta of 1.15.

About The Ultimate Software Group

The Ultimate Software Group, Inc provides cloud-based human capital management solutions primarily to enterprise companies in the United States and Canada. The company's UltiPro software solution delivers the functionality businesses need to manage the employee life cycle from recruitment to retirement.

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