Media stories about The Ultimate Software Group (NASDAQ:ULTI) have been trending somewhat positive on Wednesday, Accern reports. The research group rates the sentiment of media coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. The Ultimate Software Group earned a media sentiment score of 0.22 on Accern’s scale. Accern also gave news stories about the technology company an impact score of 45.0039714926774 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Here are some of the media headlines that may have impacted Accern Sentiment’s analysis:
- Analyst: Ultimate Software Executes, But Further Multiple Expansion Unlikely (finance.yahoo.com)
- Ultimate Software Brings Mercer | Sirota Employee Engagement Benchmarking to UltiPro Customers – Business Wire (press release) (businesswire.com)
- Ultimate Software Named to Canada’s 50 Best Workplaces for Women List (conferencing.tmcnet.com)
- Ultimate Software Named to Canada’s 50 Best Workplaces for Women List – Markets Insider (markets.businessinsider.com)
- Ultimate Software Named to Canada’s 50 Best Workplaces for Women List (finance.yahoo.com)
ULTI has been the subject of several research reports. Mizuho reissued a “hold” rating and set a $200.00 price target on shares of The Ultimate Software Group in a report on Wednesday, December 6th. BidaskClub raised The Ultimate Software Group from a “hold” rating to a “buy” rating in a report on Thursday, December 21st. Guggenheim reissued a “buy” rating and set a $245.00 price target on shares of The Ultimate Software Group in a report on Thursday, January 11th. Piper Jaffray Companies reissued an “overweight” rating and set a $250.00 price target on shares of The Ultimate Software Group in a report on Tuesday, January 16th. Finally, Royal Bank of Canada lifted their price target on The Ultimate Software Group to $260.00 and gave the stock a “positive” rating in a report on Tuesday, January 30th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and sixteen have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $244.95.
The Ultimate Software Group (NASDAQ:ULTI) last announced its quarterly earnings data on Tuesday, February 6th. The technology company reported $1.11 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.87 by $0.24. The firm had revenue of $251.43 million during the quarter, compared to analysts’ expectations of $244.83 million. The Ultimate Software Group had a return on equity of 5.31% and a net margin of 1.59%. The company’s quarterly revenue was up 19.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.91 EPS. equities research analysts expect that The Ultimate Software Group will post 1.83 earnings per share for the current fiscal year.
In other news, CFO Mitchell K. Dauerman sold 28,125 shares of the business’s stock in a transaction on Monday, February 12th. The stock was sold at an average price of $224.68, for a total transaction of $6,319,125.00. Following the completion of the transaction, the chief financial officer now owns 102,349 shares of the company’s stock, valued at approximately $22,995,773.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Scott Scherr sold 32,166 shares of the business’s stock in a transaction on Friday, February 9th. The stock was sold at an average price of $222.37, for a total value of $7,152,753.42. Following the transaction, the chief executive officer now directly owns 343,139 shares of the company’s stock, valued at approximately $76,303,819.43. The disclosure for this sale can be found here. Insiders sold a total of 284,019 shares of company stock valued at $63,840,036 over the last ninety days. Insiders own 4.90% of the company’s stock.
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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.
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