The Ultimate Software Group (NASDAQ:ULTI) had its price target lifted by Robert W. Baird from $210.00 to $235.00 in a research report report published on Wednesday. The brokerage currently has a neutral rating on the technology company’s stock.

ULTI has been the topic of a number of other reports. Royal Bank of Canada reissued a buy rating and issued a $216.00 price objective on shares of The Ultimate Software Group in a report on Tuesday, October 10th. Zacks Investment Research raised The Ultimate Software Group from a sell rating to a hold rating in a report on Wednesday, October 11th. Wells Fargo & Co reissued an outperform rating and issued a $240.00 price objective (up from $230.00) on shares of The Ultimate Software Group in a report on Thursday, November 2nd. Stifel Nicolaus increased their price objective on The Ultimate Software Group from $235.00 to $250.00 and gave the company a buy rating in a report on Thursday, November 2nd. Finally, Wedbush reissued an outperform rating and issued a $220.00 price objective (down from $226.00) on shares of The Ultimate Software Group in a report on Thursday, November 2nd. One analyst has rated the stock with a sell rating, five have given a hold rating and seventeen have assigned a buy rating to the company. The stock has a consensus rating of Buy and a consensus target price of $243.90.

The Ultimate Software Group (NASDAQ:ULTI) opened at $228.87 on Wednesday. The Ultimate Software Group has a 1 year low of $181.59 and a 1 year high of $242.93. The stock has a market capitalization of $6,635.11, a PE ratio of 476.81, a P/E/G ratio of 7.16 and a beta of 1.07. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.18 and a current ratio of 1.18.

The Ultimate Software Group (NASDAQ:ULTI) last announced its earnings results on Tuesday, February 6th. The technology company reported $1.11 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.87 by $0.24. The Ultimate Software Group had a return on equity of 5.31% and a net margin of 1.59%. The company had revenue of $251.43 million for the quarter, compared to analyst estimates of $244.83 million. During the same period in the prior year, the company posted $0.91 EPS. The firm’s quarterly revenue was up 19.4% compared to the same quarter last year. equities analysts predict that The Ultimate Software Group will post 1.44 earnings per share for the current fiscal year.

In other news, VP Robert Manne sold 5,000 shares of the company’s stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $228.85, for a total value of $1,144,250.00. Following the sale, the vice president now owns 63,873 shares in the company, valued at $14,617,336.05. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director James A. Fitzpatrick, Jr. sold 4,230 shares of the company’s stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $228.63, for a total value of $967,104.90. Following the completion of the sale, the director now owns 9,145 shares in the company, valued at approximately $2,090,821.35. The disclosure for this sale can be found here. 4.90% of the stock is owned by corporate insiders.

Institutional investors and hedge funds have recently modified their holdings of the company. Westpac Banking Corp boosted its stake in shares of The Ultimate Software Group by 88.2% in the third quarter. Westpac Banking Corp now owns 25,633 shares of the technology company’s stock worth $4,860,000 after buying an additional 12,012 shares during the last quarter. Bamco Inc. NY boosted its position in The Ultimate Software Group by 32.6% during the third quarter. Bamco Inc. NY now owns 520,740 shares of the technology company’s stock worth $98,732,000 after purchasing an additional 128,099 shares in the last quarter. Bank of Nova Scotia purchased a new position in The Ultimate Software Group during the second quarter worth approximately $1,884,000. Quantbot Technologies LP purchased a new position in The Ultimate Software Group during the third quarter worth approximately $1,161,000. Finally, Schroder Investment Management Group purchased a new position in The Ultimate Software Group during the third quarter worth approximately $493,000.

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The Ultimate Software Group Company Profile

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.

Analyst Recommendations for The Ultimate Software Group (NASDAQ:ULTI)

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