Institutional Investors Sentiment Indicator of Ultimate Software Group Inc (NASDAQ:ULTI) Increases in 2018 Q2

October 2, 2018 - By whatsonthorold

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

Sentiment for Ultimate Software Group Inc (NASDAQ:ULTI)

Ultimate Software Group Inc (NASDAQ:ULTI) institutional sentiment increased to 1.11 in Q2 2018. Its up 0.12, from 0.99 in 2018Q1. The ratio has improved, as 133 investment professionals increased and opened new holdings, while 120 sold and trimmed positions in Ultimate Software Group Inc. The investment professionals in our partner’s database now hold: 29.93 million shares, down from 30.88 million shares in 2018Q1. Also, the number of investment professionals holding Ultimate Software Group Inc in their top 10 holdings decreased from 5 to 4 for a decrease of 1. Sold All: 18 Reduced: 102 Increased: 91 New Position: 42.

The Ultimate Software Group, Inc. provides cloud human capital management solutions primarily to enterprise companies in the United States and Canada. The company has market cap of $10.00 billion. The companyÂ’s UltiPro software solution delivers the functionality businesses to manage the employee life cycle from recruitment to retirement. It has a 268.35 P/E ratio. The Company’s UltiPro solution includes unified feature sets for talent acquisition and onboarding, human resources management and compliance, benefits management and online enrollment, payroll, performance management, employee engagement surveying, compensation management with salary planning, budgeting, and development of incentive plans, succession management, learning management, reporting and analytical decision-making and predictive tools, and time and attendance; and has role features for HR professionals, executives, managers, administrators, and employees.

The stock decreased 0.01% or $0.03 during the last trading session, reaching $320.68. About 49,123 shares traded. The Ultimate Software Group, Inc. (NASDAQ:ULTI) has risen 70.24% since October 2, 2017 and is uptrending. It has outperformed by 54.62% the S&P500.

Analysts await The Ultimate Software Group, Inc. (NASDAQ:ULTI) to report earnings on November, 7. They expect $0.51 earnings per share, up 200.00 % or $0.34 from last year’s $0.17 per share. ULTI’s profit will be $15.90M for 157.20 P/E if the $0.51 EPS becomes a reality. After $0.49 actual earnings per share reported by The Ultimate Software Group, Inc. for the previous quarter, Wall Street now forecasts 4.08 % EPS growth.

Act Ii Management Lp holds 6.25% of its portfolio in The Ultimate Software Group, Inc. for 34,150 shares. South Street Advisors Llc owns 36,270 shares or 2.83% of their US portfolio. Moreover, Summit Creek Advisors Llc has 2.74% invested in the company for 59,270 shares. The Minnesota-based Riverbridge Partners Llc has invested 2.7% in the stock. Tygh Capital Management Inc., a Oregon-based fund reported 44,176 shares.

Since January 1, 0001, it had 0 insider buys, and 3 selling transactions for $2.82 million activity.

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

Ratings analysis reveals 50% of Ultimate Software Group’s analysts are positive. Out of 6 Wall Street analysts rating Ultimate Software Group, 3 give it “Buy”, 1 “Sell” rating, while 2 recommend “Hold”. The lowest target is $258 while the high is $340. The stock’s average target of $298.83 is -6.81% below today’s ($320.68) share price. ULTI was included in 10 notes of analysts from April 17, 2018. JMP Securities maintained The Ultimate Software Group, Inc. (NASDAQ:ULTI) on Monday, July 23 with “Market Outperform” rating. Stifel Nicolaus maintained The Ultimate Software Group, Inc. (NASDAQ:ULTI) rating on Wednesday, May 2. Stifel Nicolaus has “Buy” rating and $275 target. Bank of America maintained the stock with “Underperform” rating in Wednesday, September 26 report. Guggenheim reinitiated The Ultimate Software Group, Inc. (NASDAQ:ULTI) rating on Tuesday, August 21. Guggenheim has “Neutral” rating and $300 target. Wedbush maintained The Ultimate Software Group, Inc. (NASDAQ:ULTI) on Wednesday, May 2 with “Hold” rating. The stock of The Ultimate Software Group, Inc. (NASDAQ:ULTI) earned “Underperform” rating by Bank of America on Wednesday, August 1. The stock of The Ultimate Software Group, Inc. (NASDAQ:ULTI) earned “Market Outperform” rating by JMP Securities on Tuesday, April 17. The stock of The Ultimate Software Group, Inc. (NASDAQ:ULTI) has “Outperform” rating given on Wednesday, August 1 by Credit Suisse. The firm has “Outperform” rating by Credit Suisse given on Wednesday, May 2. Stifel Nicolaus maintained it with “Buy” rating and $340 target in Wednesday, August 1 report.

More recent The Ultimate Software Group, Inc. (NASDAQ:ULTI) news were published by: Businesswire.com which released: “Ultimate Software Forms Strategic Alliance with Deloitte Canada to Service North America” on September 28, 2018. Also Streetinsider.com published the news titled: “Jefferies Starts Ultimate Software (ULTI) at Buy” on October 01, 2018. Benzinga.com‘s news article titled: “Benzinga’s Top Upgrades, Downgrades For October 2, 2018” with publication date: October 02, 2018 was also an interesting one.

The Ultimate Software Group, Inc. (NASDAQ:ULTI) Institutional Positions Chart

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