$329.75 Million in Sales Expected for The Ultimate Software Group, Inc. (ULTI) This Quarter

Wall Street analysts expect that The Ultimate Software Group, Inc. (NASDAQ:ULTI) will announce sales of $329.75 million for the current fiscal quarter, Zacks Investment Research reports. Thirteen analysts have provided estimates for The Ultimate Software Group’s earnings. The lowest sales estimate is $326.13 million and the highest is $336.40 million. The Ultimate Software Group reported sales of $276.76 million during the same quarter last year, which would suggest a positive year over year growth rate of 19.1%. The business is scheduled to report its next earnings report on Tuesday, May 7th.

On average, analysts expect that The Ultimate Software Group will report full year sales of $1.37 billion for the current fiscal year, with estimates ranging from $1.36 billion to $1.38 billion. For the next financial year, analysts forecast that the firm will report sales of $1.62 billion, with estimates ranging from $1.58 billion to $1.65 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research firms that that provide coverage for The Ultimate Software Group.

The Ultimate Software Group (NASDAQ:ULTI) last posted its earnings results on Monday, February 4th. The technology company reported $1.95 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.58 by $1.37. The firm had revenue of $304.80 million for the quarter, compared to the consensus estimate of $300.60 million. The Ultimate Software Group had a net margin of 5.71% and a return on equity of 9.90%. The business’s quarterly revenue was up 21.2% on a year-over-year basis. During the same period in the prior year, the business posted $1.11 earnings per share.

Several equities analysts have commented on the stock. BidaskClub downgraded shares of The Ultimate Software Group from a “sell” rating to a “strong sell” rating in a research report on Saturday, April 13th. Zacks Investment Research downgraded shares of The Ultimate Software Group from a “buy” rating to a “hold” rating in a research report on Friday, April 12th. ValuEngine downgraded shares of The Ultimate Software Group from a “strong-buy” rating to a “buy” rating in a research report on Monday, April 1st. William Blair downgraded The Ultimate Software Group from an “outperform” rating to a “market perform” rating in a research report on Thursday, March 28th. Finally, JPMorgan Chase & Co. downgraded The Ultimate Software Group from an “overweight” rating to a “neutral” rating in a research report on Wednesday, March 27th. Two equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating and six have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $317.11.

In related news, VP Adam Rogers sold 5,495 shares of the stock in a transaction dated Monday, February 11th. The shares were sold at an average price of $331.91, for a total value of $1,823,845.45. Following the completion of the sale, the vice president now owns 56,667 shares in the company, valued at $18,808,343.97. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Felicia Alvaro sold 3,929 shares of the stock in a transaction dated Monday, February 11th. The shares were sold at an average price of $331.95, for a total transaction of $1,304,231.55. Following the completion of the sale, the chief financial officer now owns 42,680 shares of the company’s stock, valued at approximately $14,167,626. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 152,522 shares of company stock worth $50,593,109. 3.00% of the stock is currently owned by company insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Carroll Financial Associates Inc. lifted its stake in shares of The Ultimate Software Group by 66.2% in the first quarter. Carroll Financial Associates Inc. now owns 108 shares of the technology company’s stock valued at $35,000 after buying an additional 43 shares during the period. Advisory Services Network LLC lifted its stake in shares of The Ultimate Software Group by 72.2% in the fourth quarter. Advisory Services Network LLC now owns 155 shares of the technology company’s stock valued at $38,000 after buying an additional 65 shares during the period. Executive Wealth Management LLC bought a new stake in shares of The Ultimate Software Group in the fourth quarter valued at about $41,000. Fort L.P. bought a new stake in shares of The Ultimate Software Group in the fourth quarter valued at about $84,000. Finally, First Hawaiian Bank lifted its stake in shares of The Ultimate Software Group by 25.3% in the fourth quarter. First Hawaiian Bank now owns 426 shares of the technology company’s stock valued at $105,000 after buying an additional 86 shares during the period. Institutional investors and hedge funds own 94.83% of the company’s stock.

The Ultimate Software Group stock traded down $0.12 during mid-day trading on Friday, hitting $330.73. 447,635 shares of the company’s stock were exchanged, compared to its average volume of 603,955. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.07 and a quick ratio of 1.07. The company has a market capitalization of $10.49 billion, a price-to-earnings ratio of 138.38, a PEG ratio of 6.51 and a beta of 1.33. The Ultimate Software Group has a 1-year low of $219.97 and a 1-year high of $365.86.

About The Ultimate Software Group

The Ultimate Software Group, Inc provides cloud-based human capital management solutions to enterprise companies, mid-market companies, and companies in the strategic market in the United States, Canada, Europe, the Asia Pacific, and internationally. Its UltiPro software solution delivers the functionality businesses need to manage the employee life cycle from recruitment to retirement.

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