Stock of the Day: Ultimate Software Group Inc (NASDAQ:ULTI) Institutional Investors Sentiment

December 1, 2016 - By kentuckypostne   ·   0 Comments

Stock of the Day: Ultimate Software Group Inc (NASDAQ:ULTI) Institutional Investors Sentiment

Sentiment for Ultimate Software Group Inc (NASDAQ:ULTI)

Ultimate Software Group Inc (NASDAQ:ULTI) institutional sentiment increased to 1.02 in 2016 Q2. Its up 0.09, from 0.93 in 2016Q1. The ratio increased, as 125 institutional investors started new and increased equity positions, while 135 sold and trimmed equity positions in Ultimate Software Group Inc. The institutional investors in our partner’s database now hold: 28.67 million shares, down from 29.31 million shares in 2016Q1. Also, the number of institutional investors holding Ultimate Software Group Inc in their top 10 equity positions increased from 15 to 17 for an increase of 2. Sold All: 21 Reduced: 114 Increased: 86 New Position: 39.

The Ultimate Software Group, Inc. is a cloud well-known provider of people management solutions, referred to as human capital management (HCM). The company has a market cap of $5.84 billion. The Company’s UltiPro product suite (UltiPro) is an engaging solution that has human resources (HR), payroll and benefits management, and includes global people management, available in over 10 languages with approximately 40 country-specific localizations. It has a 230.66 P/E ratio. The solution is delivered primarily through software-as-a-service (SaaS) to organizations based in the United States and Canada, including those with global workforces.

The stock closed at $204.93 during the last session. It is down 5.61% since April 28, 2016 and is uptrending. It has underperformed by 0.31% the S&P500.

Analysts await The Ultimate Software Group, Inc. (NASDAQ:ULTI) to report earnings on February, 7. They expect $0.38 EPS, up 22.58% or $0.07 from last year’s $0.31 per share. ULTI’s profit will be $10.83M for 134.82 P/E if the $0.38 EPS becomes a reality. After $0.18 actual EPS reported by The Ultimate Software Group, Inc. for the previous quarter, Wall Street now forecasts 111.11% EPS growth.

According to Zacks Investment Research, “Ultimate Software is a leader in delivering Web-based payroll and employee management solutions to organizations of all sizes. Ultimate Software’s fully integrated, award-winning UltiPro suite enables businesses to manage human resources and payroll strategically and cost-effectively, benefiting everyone in the organization. Ultimate Software offers application hosting through IBM Global Services and a business-to-business Web portal, providing access to value-added resources via the Internet.”

Magee Thomson Investment Partners Llc holds 5.13% of its portfolio in The Ultimate Software Group, Inc. for 69,740 shares. Hhr Asset Management Llc owns 407,272 shares or 4.36% of their US portfolio. Moreover, Weatherbie Capital Llc has 4.05% invested in the company for 135,871 shares. The Maryland-based Rothschild Capital Partners Llc has invested 3.98% in the stock. South Street Advisors Llc, a New York-based fund reported 55,320 shares.#img1#

Insider Transactions: Since January 1, 0001, the stock had 0 insider purchases, and 12 selling transactions for $38.96 million net activity.

The Ultimate Software Group, Inc. (NASDAQ:ULTI) Ratings Coverage

Ratings analysis reveals 80% of Ultimate Software’s analysts are positive. Out of 15 Wall Street analysts rating Ultimate Software, 12 give it “Buy”, 0 “Sell” rating, while 3 recommend “Hold”. The lowest target is $189 while the high is $242. The stock’s average target of $215.07 is 4.95% above today’s ($204.93) share price. ULTI was included in 22 notes of analysts from October 22, 2015. The firm has “Overweight” rating given on Tuesday, September 20 by Pacific Crest. As per Wednesday, October 28, the company rating was maintained by Roth Capital. The firm has “Neutral” rating by Wedbush given on Wednesday, February 3. The rating was upgraded by FBR Capital on Monday, February 8 to “Outperform”. Northland Capital maintained the stock with “Outperform” rating in Wednesday, October 28 report. The stock has “Buy” rating given by TH Capital on Wednesday, October 28. Wedbush upgraded The Ultimate Software Group, Inc. (NASDAQ:ULTI) rating on Monday, October 31. Wedbush has “Outperform” rating and $242 price target. Piper Jaffray reinitiated it with “Overweight” rating and $225 target price in Wednesday, June 1 report. UBS initiated the stock with “Buy” rating in Tuesday, April 19 report. The stock of The Ultimate Software Group, Inc. (NASDAQ:ULTI) has “Mkt Perform” rating given on Wednesday, October 28 by FBR Capital.

ULTI Company Profile

The Ultimate Software Group, Inc. (Ultimate), incorporated on April 15, 1996, is a cloud well-known 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, and includes global people management, available in over 10 languages with approximately 40 country-specific localizations. The solution is delivered primarily through software-as-a-service (SaaS) to organizations based in the United States and Canada, including those with global workforces.

More notable recent The Ultimate Software Group, Inc. (NASDAQ:ULTI) news were published by: Thestreet.com which released: “Oracle’s NetSuite Acquisition Leaves Questions for Ultimate Software Partnership” on November 07, 2016, also Nasdaq.com with their article: “The Ultimate Software Group Inc (ULTI) Chairman, President and CEO Scott …” published on November 09, 2016, Nasdaq.com published: “Ultimate Software Group (ULTI) Shares Cross Below 200 DMA” on November 10, 2016. More interesting news about The Ultimate Software Group, Inc. (NASDAQ:ULTI) were released by: Fool.com and their article: “Ultimate Software Delivers Another Solid Quarter” published on July 27, 2016 as well as Businesswire.com‘s news article titled: “Ultimate Software Acquires Cloud Workforce Intelligence Provider Kanjoya …” with publication date: September 30, 2016.

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