Could The Ultimate Software Group, Inc. (ULTI) See a Reversal After Breaking Its 52-Week High?

May 17, 2018 - By Alfred Lee

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

Investors sentiment decreased to 0.95 in 2017 Q4. Its down 0.10, from 1.05 in 2017Q3. It dived, as 36 investors sold The Ultimate Software Group, Inc. shares while 97 reduced holdings. 40 funds opened positions while 87 raised stakes. 31.95 million shares or 0.50% less from 32.11 million shares in 2017Q3 were reported.
86,567 are owned by New York State Common Retirement Fund. California State Teachers Retirement holds 45,125 shares. Massachusetts Finance Ma accumulated 75,358 shares or 0.01% of the stock. Advisory Services Net Limited Liability Co invested 0% in The Ultimate Software Group, Inc. (NASDAQ:ULTI). Jefferies Group reported 6,116 shares. Price T Rowe Associates Md holds 4.15M shares. Moore Capital Management Ltd Partnership invested in 0.38% or 95,000 shares. Loomis Sayles & L P holds 0.07% or 160,971 shares. Riverhead Capital Limited Liability Company stated it has 2,352 shares or 0.02% of all its holdings. Df Dent & Co Incorporated reported 0.02% stake. Germany-based Deutsche National Bank & Trust Ag has invested 0.01% in The Ultimate Software Group, Inc. (NASDAQ:ULTI). Comerica Bancorporation invested in 0.03% or 22,568 shares. Yorktown Mngmt Rech Incorporated owns 0.09% invested in The Ultimate Software Group, Inc. (NASDAQ:ULTI) for 1,500 shares. 106,820 were accumulated by Franklin Res Inc. 66,452 are owned by Amundi Pioneer Asset Management.

Since February 8, 2018, it had 0 buys, and 10 selling transactions for $56.99 million activity. $1.61M worth of The Ultimate Software Group, Inc. (NASDAQ:ULTI) was sold by Phenicie John C on Friday, February 9. $501,680 worth of stock was sold by Alvaro Felicia on Friday, May 4. $1.08 million worth of The Ultimate Software Group, Inc. (NASDAQ:ULTI) was sold by FITZPATRICK JAMES A JR. The insider SCHERR MARC D sold 83,351 shares worth $18.71 million. Manne Robert also sold $1.24M worth of The Ultimate Software Group, Inc. (NASDAQ:ULTI) on Thursday, May 3. $677,298 worth of The Ultimate Software Group, Inc. (NASDAQ:ULTI) shares were sold by Swick Gregory.

The stock of The Ultimate Software Group, Inc. (NASDAQ:ULTI) hit a new 52-week high and has $282.63 target or 7.00 % above today’s $264.14 share price. The 6 months bullish chart indicates low risk for the $8.09 billion company. The 1-year high was reported on May, 17 by Barchart.com. If the $282.63 price target is reached, the company will be worth $566.02 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock increased 0.06% or $0.15 during the last trading session, reaching $264.14. About 147,202 shares traded. The Ultimate Software Group, Inc. (NASDAQ:ULTI) has risen 24.56% since May 17, 2017 and is uptrending. It has outperformed by 13.01% the S&P500.

Analysts await The Ultimate Software Group, Inc. (NASDAQ:ULTI) to report earnings on August, 7. They expect $0.47 earnings per share, up 161.11 % or $0.29 from last year’s $0.18 per share. ULTI’s profit will be $14.39 million for 140.50 P/E if the $0.47 EPS becomes a reality. After $0.46 actual earnings per share reported by The Ultimate Software Group, Inc. for the previous quarter, Wall Street now forecasts 2.17 % EPS growth.

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

Among 15 analysts covering The Ultimate Software Gr (NASDAQ:ULTI), 11 have Buy rating, 1 Sell and 3 Hold. Therefore 73% are positive. The Ultimate Software Gr had 19 analyst reports since January 8, 2018 according to SRatingsIntel. RBC Capital Markets maintained The Ultimate Software Group, Inc. (NASDAQ:ULTI) on Monday, January 29 with “Buy” rating. The company was maintained on Wednesday, May 2 by Stifel Nicolaus. The stock has “Hold” rating by Stephens on Wednesday, February 7. SunTrust maintained the shares of ULTI in report on Tuesday, February 6 with “Buy” rating. Robert W. Baird maintained The Ultimate Software Group, Inc. (NASDAQ:ULTI) rating on Wednesday, February 7. Robert W. Baird has “Neutral” rating and $235 target. On Wednesday, February 7 the stock rating was maintained by Canaccord Genuity with “Buy”. The stock has “Buy” rating by Guggenheim on Wednesday, February 7. The firm earned “Buy” rating on Monday, January 8 by Mizuho. The stock of The Ultimate Software Group, Inc. (NASDAQ:ULTI) earned “Buy” rating by Credit Suisse on Wednesday, February 7. Wells Fargo maintained The Ultimate Software Group, Inc. (NASDAQ:ULTI) on Wednesday, January 31 with “Buy” rating.

More notable recent The Ultimate Software Group, Inc. (NASDAQ:ULTI) news were published by: Businesswire.com which released: “Growing Non-Profit Healthcare Provider Uses UltiPro Perception to Build Trust, Support Employee Success” on May 16, 2018, also Fool.com with their article: “Here’s How Ultimate Software Celebrated Its Success” published on May 02, 2018, Streetinsider.com published: “Ultimate Software Group (ULTI) Tops Q1 EPS by 17c” on May 01, 2018. More interesting news about The Ultimate Software Group, Inc. (NASDAQ:ULTI) were released by: Nasdaq.com and their article: “Factors of Influence in 2018, Key Indicators and Opportunity within Compass Minerals International, Consolidated …” published on April 26, 2018 as well as Businesswire.com‘s news article titled: “Ultimate Announces Schedule of Investor Conferences for May 2018” with publication date: May 04, 2018.

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 $8.09 billion. The company's UltiPro software solution delivers the functionality businesses to manage the employee life cycle from recruitment to retirement. It has a 574.22 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 Ultimate Software Group, Inc. (NASDAQ:ULTI) Institutional Positions Chart

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