It’s been a crucial week for The Ultimate Software Group, Inc. (NASDAQ:ULTI); here’s what analysts have to say.

July 17, 2017 - By Michael Collier

 It's been a crucial week for The Ultimate Software Group, Inc. (NASDAQ:ULTI); here's what analysts have to say.
Investors sentiment decreased to 0.88 in 2016 Q4. Its down 0.14, from 1.02 in 2016Q3. It is negative, as 32 investors sold The Ultimate Software Group, Inc. shares while 111 reduced holdings. 40 funds opened positions while 86 raised stakes. 29.20 million shares or 3.90% more from 28.10 million shares in 2016Q3 were reported.
Raymond James Financial Serv Advsr accumulated 2,676 shares. Tudor Inv Et Al accumulated 2,943 shares or 0.01% of the stock. 5,000 were accumulated by Utah Retirement Sys. Bankshares Of Montreal Can owns 12,589 shares or 0% of their US portfolio. Benjamin F Edwards owns 50 shares. Deutsche State Bank Ag reported 113,357 shares. Advantus invested in 3,597 shares. Moreover, Weatherbie Limited Liability Company has 3.61% invested in The Ultimate Software Group, Inc. (NASDAQ:ULTI) for 157,792 shares. Stifel Financial has invested 0.01% of its portfolio in The Ultimate Software Group, Inc. (NASDAQ:ULTI). Kcg Inc reported 0.02% stake. Moreover, Sei has 0.05% invested in The Ultimate Software Group, Inc. (NASDAQ:ULTI). Great West Life Assurance Com Can owns 16,216 shares for 0.01% of their portfolio. Janus Mgmt Limited Liability, Colorado-based fund reported 780,168 shares. Commonwealth Of Pennsylvania Public School Empls Retrmt owns 4,293 shares or 0.01% of their US portfolio. Liberty Mutual Group Asset Mngmt Incorporated accumulated 12,623 shares.

Since February 8, 2017, it had 0 buys, and 11 insider sales for $29.29 million activity. 4,632 shares were sold by FITZPATRICK JAMES A JR, worth $893,967. 18,569 The Ultimate Software Group, Inc. (NASDAQ:ULTI) shares with value of $3.60 million were sold by SCHERR MARC D. YANOVER ROBERT sold $38,889 worth of stock. Rogers Adam sold $2.89 million worth of The Ultimate Software Group, Inc. (NASDAQ:ULTI) on Thursday, February 9. PUTTEN LEROY VANDER also sold $264,003 worth of The Ultimate Software Group, Inc. (NASDAQ:ULTI) shares. Leiter Alois T sold $345,520 worth of stock. $6.01M worth of The Ultimate Software Group, Inc. (NASDAQ:ULTI) shares were sold by SCHERR SCOTT.

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

Among 18 analysts covering Ultimate Software (NASDAQ:ULTI), 15 have Buy rating, 0 Sell and 3 Hold. Therefore 83% are positive. Ultimate Software had 26 analyst reports since October 22, 2015 according to SRatingsIntel. Goldman Sachs initiated The Ultimate Software Group, Inc. (NASDAQ:ULTI) on Monday, May 23 with “Neutral” rating. The stock has “Buy” rating by RBC Capital Markets on Monday, May 29. Piper Jaffray reinitiated it with “Overweight” rating and $225 target in Wednesday, June 1 report. The firm has “Outperform” rating by Northland Capital given on Wednesday, October 28. Wedbush upgraded The Ultimate Software Group, Inc. (NASDAQ:ULTI) on Monday, October 31 to “Outperform” rating. The rating was maintained by Needham on Wednesday, October 28 with “Buy”. As per Tuesday, April 19, the company rating was initiated by UBS. The firm has “Overweight” rating by Pacific Crest given on Tuesday, September 20. The company was maintained on Wednesday, October 28 by FBR Capital. The rating was initiated by SunTrust with “Buy” on Monday, June 26. Below is a list of The Ultimate Software Group, Inc. (NASDAQ:ULTI) latest ratings and price target changes.

26/06/2017 Broker: SunTrust Rating: Buy New Target: $240.0000 Initiate
25/06/2017 Broker: KeyBanc Capital Markets Rating: Buy New Target: $255.0000 Maintain
29/05/2017 Broker: RBC Capital Markets Rating: Buy New Target: $233.0000 Maintain
12/05/2017 Broker: Wells Fargo Rating: Outperform New Target: $240.00 Initiates Coverage On

The stock increased 0.05% or $0.1 during the last trading session, reaching $215.51. About 128,554 shares traded. The Ultimate Software Group, Inc. (NASDAQ:ULTI) has risen 10.74% since July 17, 2016 and is uptrending. It has underperformed by 5.96% the S&P500.

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 market cap of $6.45 billion. The Company’s UltiPro product suite (UltiPro) is an engaging solution that has human resources (HR), payroll and benefits management. It has a 212.83 P/E ratio. As of December 31, 2016, UltiPro included global people management, available in 14 languages with more than 35 country-specific localizations.

More notable recent The Ultimate Software Group, Inc. (NASDAQ:ULTI) news were published by: Nasdaq.com which released: “Ultimate Software (ULTI) Down to Strong Sell on Tepid View” on June 20, 2017, also 247Wallst.com with their article: “Credit Suisse Thinks Ultimate Software Group Is Also the Ultimate Stock” published on April 06, 2017, Seekingalpha.com published: “The Ultimate Software Group (ULTI) Q4 2016 Results – Earnings Call Transcript” on February 08, 2017. More interesting news about The Ultimate Software Group, Inc. (NASDAQ:ULTI) were released by: Seekingalpha.com and their article: “Ultimate Software: Plenty Of Growth And No Disaster” published on April 12, 2017 as well as Seekingalpha.com‘s news article titled: “The Ultimate Software Group (ULTI) Q3 2016 Results – Earnings Call Transcript” with publication date: November 02, 2016.

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