Analysts expect that The Ultimate Software Group, Inc. (NASDAQ:ULTI) will post $1.14 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Eleven analysts have provided estimates for The Ultimate Software Group’s earnings, with estimates ranging from $1.12 to $1.17. The Ultimate Software Group reported earnings per share of $0.75 during the same quarter last year, which suggests a positive year over year growth rate of 52%. The company is scheduled to issue its next earnings results after the market closes on Tuesday, May 1st.

On average, analysts expect that The Ultimate Software Group will report full year earnings of $5.43 per share for the current financial year, with EPS estimates ranging from $5.26 to $5.69. For the next financial year, analysts expect that the business will report earnings of $6.54 per share, with EPS estimates ranging from $6.18 to $6.91. Zacks Investment Research’s EPS averages are an average based on a survey of analysts that follow The Ultimate Software Group.

The Ultimate Software Group (NASDAQ:ULTI) last posted its quarterly earnings data on Tuesday, February 6th. The technology company reported $1.11 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.87 by $0.24. The firm had revenue of $251.43 million for the quarter, compared to the consensus estimate of $244.83 million. The Ultimate Software Group had a return on equity of 5.31% and a net margin of 1.59%. The business’s revenue for the quarter was up 19.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.91 EPS.

Several analysts have issued reports on the company. BidaskClub downgraded The Ultimate Software Group from a “buy” rating to a “hold” rating in a report on Friday. Mizuho restated a “buy” rating and set a $270.00 price objective on shares of The Ultimate Software Group in a report on Tuesday. JMP Securities boosted their price objective on The Ultimate Software Group from $230.00 to $260.00 and gave the stock a “market outperform” rating in a report on Tuesday, April 17th. ValuEngine upgraded The Ultimate Software Group from a “hold” rating to a “buy” rating in a report on Monday, April 2nd. Finally, Wedbush downgraded The Ultimate Software Group from an “outperform” rating to a “neutral” rating and boosted their price objective for the stock from $234.00 to $255.00 in a report on Wednesday, March 14th. One analyst has rated the stock with a sell rating, five have given a hold rating and sixteen have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $248.95.

NASDAQ ULTI opened at $241.52 on Wednesday. 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 stock has a market cap of $7,456.12, a price-to-earnings ratio of 298.17, a P/E/G ratio of 5.89 and a beta of 0.97. The Ultimate Software Group has a 1 year low of $181.59 and a 1 year high of $257.93.

In other news, Chairman Scott Scherr sold 110,522 shares of the company’s stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $224.58, for a total value of $24,821,030.76. Following the transaction, the chairman now owns 343,139 shares in the company, valued at approximately $77,062,156.62. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Marc D. Scherr sold 32,156 shares of the company’s stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $222.36, for a total value of $7,150,208.16. Following the completion of the transaction, the chief operating officer now owns 304,939 shares in the company, valued at approximately $67,806,236.04. The disclosure for this sale can be found here. Insiders sold a total of 284,019 shares of company stock worth $63,840,036 in the last quarter. 3.00% of the stock is owned by corporate insiders.

Institutional investors and hedge funds have recently modified their holdings of the company. Captrust Financial Advisors acquired a new position in shares of The Ultimate Software Group in the 4th quarter valued at about $119,000. CIBC Asset Management Inc acquired a new position in shares of The Ultimate Software Group in the 4th quarter valued at about $213,000. FineMark National Bank & Trust acquired a new position in shares of The Ultimate Software Group in the 4th quarter valued at about $217,000. GSA Capital Partners LLP bought a new stake in shares of The Ultimate Software Group in the 3rd quarter valued at approximately $232,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of The Ultimate Software Group by 35.4% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,641 shares of the technology company’s stock valued at $358,000 after buying an additional 429 shares in the last quarter.

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.

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Earnings History and Estimates for The Ultimate Software Group (NASDAQ:ULTI)

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