Trade Report: The Pacific Crest Analysts Give The Ultimate Software Group Inc. (ULTI) a $245.00 Price Target

The Pacific Crest Analysts Give The Ultimate Software Group Inc. (ULTI) a $245.00 Price Target

Pacific Crest set a $245.00 price target on The Ultimate Software Group Inc. (NASDAQ:ULTI) in a report issued on Tuesday morning. The firm currently has a a buy rating on the stock.

Several other equities analysts have also issued reports on the company. Deutsche Bank AG lifted their price target on The Ultimate Software Group from $215.00 to $240.00 and gave the company a buy rating in a research note on Wednesday, July 27th. Wedbush restated a neutral rating and set a $203.00 price objective on shares of The Ultimate Software Group in a research report on Monday, July 25th. MKM Partners boosted their price objective on The Ultimate Software Group from $230.00 to $250.00 and gave the stock a buy rating in a research report on Wednesday, July 27th. TheStreet lowered The Ultimate Software Group from a buy rating to a hold rating in a research report on Monday, August 29th. Finally, Zacks Investment Research upgraded The Ultimate Software Group from a hold rating to a buy rating and set a $224.00 price objective on the stock in a research report on Wednesday, June 29th. Eight research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. The stock presently has an average rating of Buy and a consensus price target of $221.38.

Shares of The Ultimate Software Group (NASDAQ:ULTI) opened at 204.03 on Tuesday. The company has a market capitalization of $5.90 billion, a P/E ratio of 319.30 and a beta of 1.27. The Ultimate Software Group has a one year low of $148.26 and a one year high of $224.07. The firm has a 50 day moving average price of $207.27 and a 200 day moving average price of $204.38.

The Ultimate Software Group (NASDAQ:ULTI) last issued its quarterly earnings results on Tuesday, July 26th. The company reported $0.76 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.76. The Ultimate Software Group had a return on equity of 3.71% and a net margin of 2.71%. The company had revenue of $186.50 million for the quarter, compared to analyst estimates of $187.06 million. During the same quarter last year, the company posted $0.62 EPS. The company’s revenue for the quarter was up 94.6% compared to the same quarter last year. On average, equities research analysts predict that The Ultimate Software Group will post $3.29 EPS for the current fiscal year.

In other The Ultimate Software Group news, Director Leroy Vander Putten sold 1,351 shares of the stock in a transaction on Monday, August 8th. The stock was sold at an average price of $210.22, for a total transaction of $284,007.22. Following the sale, the director now owns 21,934 shares in the company, valued at $4,610,965.48. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director James A. Fitzpatrick, Jr. sold 913 shares of the stock in a transaction on Thursday, July 28th. The stock was sold at an average price of $209.06, for a total value of $190,871.78. Following the sale, the director now owns 11,955 shares in the company, valued at approximately $2,499,312.30. The disclosure for this sale can be found here. Company insiders own 5.60% of the company’s stock.

Large investors have recently bought and sold shares of the company. Mariner Wealth Advisors LLC bought a new stake in The Ultimate Software Group during the second quarter valued at about $203,000. Bank of Hawaii acquired a new stake in shares of The Ultimate Software Group during the second quarter worth about $213,000. Advisors Asset Management Inc. increased its stake in shares of The Ultimate Software Group by 2.3% in the second quarter. Advisors Asset Management Inc. now owns 1,047 shares of the company’s stock worth $220,000 after buying an additional 24 shares during the period. Quantbot Technologies LP acquired a new stake in shares of The Ultimate Software Group during the second quarter worth about $226,000. Finally, Advisor Group Inc. acquired a new stake in shares of The Ultimate Software Group during the second quarter worth about $252,000. Hedge funds and other institutional investors own 97.62% of the company’s stock.

The Ultimate Software Group Company Profile

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