Media coverage about The Ultimate Software Group (NASDAQ:ULTI) has been trending somewhat positive recently, according to Accern Sentiment. The research group identifies negative and positive news coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. The Ultimate Software Group earned a daily sentiment score of 0.22 on Accern’s scale. Accern also gave press coverage about the technology company an impact score of 45.6247494521093 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Here are some of the media headlines that may have effected Accern’s rankings:
- Zacks: Analysts Anticipate The Ultimate Software Group, Inc. (ULTI) Will Announce Quarterly Sales of $244.69 Million (americanbankingnews.com)
- Ultimate Software Sees RS Rating Climb To 74 (finance.yahoo.com)
- Financial Analysis: RealNetworks (RNWK) and The Ultimate Software Group (ULTI) (americanbankingnews.com)
- 5 Growing Consulting Firms and How They Are Evolving to Modernize Companies (inc.com)
ULTI has been the subject of several research analyst reports. BidaskClub upgraded The Ultimate Software Group from a “hold” rating to a “buy” rating in a research report on Thursday, December 21st. Zacks Investment Research upgraded The Ultimate Software Group from a “sell” rating to a “hold” rating in a report on Wednesday, October 11th. Stifel Nicolaus raised their price objective on The Ultimate Software Group from $235.00 to $250.00 and gave the company a “buy” rating in a research note on Thursday, November 2nd. Robert W. Baird reissued a “hold” rating and set a $210.00 price target on shares of The Ultimate Software Group in a research note on Friday, November 3rd. Finally, SunTrust Banks reissued a “buy” rating and set a $225.00 price target on shares of The Ultimate Software Group in a research note on Friday, November 3rd. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and seventeen have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $231.58.
The Ultimate Software Group (NASDAQ ULTI) traded up $1.34 during mid-day trading on Tuesday, hitting $218.23. The stock had a trading volume of 234,000 shares, compared to its average volume of 317,241. The stock has a market capitalization of $6,519.79, a price-to-earnings ratio of 224.98, a PEG ratio of 16.92 and a beta of 1.08. The Ultimate Software Group has a 1-year low of $181.01 and a 1-year high of $233.42. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.01.
The Ultimate Software Group (NASDAQ:ULTI) last released its quarterly earnings results on Wednesday, November 1st. The technology company reported $1.05 EPS for the quarter, topping analysts’ consensus estimates of $0.88 by $0.17. The Ultimate Software Group had a return on equity of 6.84% and a net margin of 3.31%. The company had revenue of $236.11 million for the quarter, compared to analysts’ expectations of $232.92 million. During the same period in the prior year, the firm earned $0.78 earnings per share. The firm’s revenue was up 19.9% compared to the same quarter last year. equities research analysts forecast that The Ultimate Software Group will post 0.63 earnings per share for the current fiscal year.
In related news, Director Alois T. Leiter sold 5,559 shares of the stock in a transaction on Friday, November 10th. The stock was sold at an average price of $198.16, for a total value of $1,101,571.44. Following the transaction, the director now owns 165,596 shares of the company’s stock, valued at $32,814,503.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Robert Manne sold 5,000 shares of the stock in a transaction on Friday, November 3rd. The shares were sold at an average price of $206.08, for a total value of $1,030,400.00. Following the completion of the transaction, the vice president now directly owns 76,484 shares in the company, valued at approximately $15,761,822.72. The disclosure for this sale can be found here. Insiders have sold 116,259 shares of company stock worth $22,912,048 over the last 90 days. 4.90% of the stock is owned by insiders.
About The Ultimate Software Group
The Ultimate Software Group, Inc (Ultimate) is a cloud provider of people management solutions, referred to as human capital management (HCM). The Company’s UltiPro product suite (UltiPro) is an engaging solution that has human resources (HR), payroll and benefits management. As of December 31, 2016, UltiPro included global people management, available in 14 languages with more than 35 country-specific localizations.
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