Wall Street analysts forecast that The Ultimate Software Group, Inc. (NASDAQ:ULTI) will report earnings per share (EPS) of $1.14 for the current fiscal quarter, Zacks Investment Research reports. Eleven analysts have made estimates for The Ultimate Software Group’s earnings, with the lowest EPS estimate coming in at $1.12 and the highest estimate coming in at $1.17. The Ultimate Software Group posted earnings of $0.75 per share in the same quarter last year, which suggests a positive year-over-year growth rate of 52%. The firm is scheduled to report its next earnings results on Tuesday, April 24th.

According to Zacks, analysts expect that The Ultimate Software Group will report full year earnings of $5.37 per share for the current year, with EPS estimates ranging from $4.58 to $5.69. For the next fiscal year, analysts anticipate that the company will report earnings of $6.46 per share, with EPS estimates ranging from $5.71 to $6.91. Zacks’ EPS averages are an average based on a survey of research analysts that follow The Ultimate Software Group.

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, topping the 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 firm had revenue of $251.43 million during the quarter, compared to analyst estimates of $244.83 million. During the same quarter in the prior year, the company earned $0.91 EPS. The business’s revenue was up 19.4% compared to the same quarter last year.

Several research analysts have recently issued reports on ULTI shares. Stifel Nicolaus increased their target price on The Ultimate Software Group from $235.00 to $250.00 and gave the stock a “buy” rating in a research report on Thursday, November 2nd. Mizuho reissued a “hold” rating and issued a $200.00 target price on shares of The Ultimate Software Group in a research report on Thursday, December 14th. SunTrust Banks increased their target price on The Ultimate Software Group to $250.00 and gave the stock a “buy” rating in a research report on Wednesday, February 7th. Wedbush reissued an “outperform” rating and issued a $234.00 target price (up previously from $226.00) on shares of The Ultimate Software Group in a research report on Wednesday, February 7th. Finally, Bank of America increased their target price on The Ultimate Software Group from $187.00 to $210.00 and gave the stock an “underperform” rating in a research report on Thursday, February 8th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and eighteen have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $243.90.

In related news, VP Robert Manne sold 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $228.85, for a total transaction of $1,144,250.00. Following the completion of the transaction, the vice president now owns 63,873 shares of the company’s stock, valued at approximately $14,617,336.05. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP John C. Phenicie sold 7,088 shares of the firm’s stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $226.48, for a total value of $1,605,290.24. Following the transaction, the vice president now directly owns 32,158 shares of the company’s stock, valued at approximately $7,283,143.84. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 279,019 shares of company stock valued at $62,615,236. 4.90% of the stock is owned by corporate insiders.

A number of institutional investors and hedge funds have recently modified their holdings of ULTI. Carillon Tower Advisers Inc. purchased a new stake in The Ultimate Software Group during the 4th quarter valued at $137,283,000. Janus Henderson Group PLC boosted its stake in The Ultimate Software Group by 10.5% during the 3rd quarter. Janus Henderson Group PLC now owns 2,480,892 shares of the technology company’s stock valued at $470,377,000 after purchasing an additional 235,848 shares during the last quarter. Millennium Management LLC boosted its stake in The Ultimate Software Group by 279.8% during the 4th quarter. Millennium Management LLC now owns 272,126 shares of the technology company’s stock valued at $59,386,000 after purchasing an additional 200,469 shares during the last quarter. William Blair Investment Management LLC boosted its stake in The Ultimate Software Group by 60.3% during the 4th quarter. William Blair Investment Management LLC now owns 378,492 shares of the technology company’s stock valued at $82,598,000 after purchasing an additional 142,353 shares during the last quarter. Finally, Bamco Inc. NY boosted its stake in The Ultimate Software Group by 32.6% during the 3rd quarter. Bamco Inc. NY now owns 520,740 shares of the technology company’s stock valued at $98,732,000 after purchasing an additional 128,099 shares during the last quarter.

The Ultimate Software Group (NASDAQ:ULTI) opened at $245.62 on Friday. The Ultimate Software Group has a 52-week low of $181.59 and a 52-week high of $247.79. The stock has a market capitalization of $7,338.09, a P/E ratio of 285.61, a PEG ratio of 6.07 and a beta of 1.07. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.18 and a quick ratio of 1.18.

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

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