The Ultimate Software Group, Inc. (ULTI) Can’t Be More Hot. Just Reaches Record High

February 15, 2018 - By Henry Gaston

Investors sentiment decreased to 1.05 in Q3 2017. Its down 0.02, from 1.07 in 2017Q2. It turned negative, as 21 investors sold The Ultimate Software Group, Inc. shares while 104 reduced holdings. 52 funds opened positions while 79 raised stakes. 32.11 million shares or 2.37% less from 32.89 million shares in 2017Q2 were reported.
Suntrust Banks Incorporated holds 0.01% in The Ultimate Software Group, Inc. (NASDAQ:ULTI) or 10,912 shares. 52,039 are held by Royal National Bank & Trust Of Canada. Svcs Automobile Association stated it has 15,672 shares. Lpl Lc has invested 0% in The Ultimate Software Group, Inc. (NASDAQ:ULTI). Balyasny Asset Mgmt Lc reported 0.01% stake. Diker Mgmt Lc holds 9,300 shares or 0.71% of its portfolio. Deutsche Bank & Trust Ag accumulated 0% or 35,653 shares. Tybourne Hk Limited accumulated 11.19% or 770,173 shares. Westpac Bk, a Australia-based fund reported 25,633 shares. Ubs Asset Management Americas has 202,632 shares. Ubs Oconnor Ltd Com has invested 0.07% in The Ultimate Software Group, Inc. (NASDAQ:ULTI). Nationwide Fund Advsrs invested 0.16% in The Ultimate Software Group, Inc. (NASDAQ:ULTI). State Teachers Retirement System reported 0.01% in The Ultimate Software Group, Inc. (NASDAQ:ULTI). Geode Cap has invested 0.02% in The Ultimate Software Group, Inc. (NASDAQ:ULTI). Wellington Management Group Llp invested in 266,264 shares or 0.01% of the stock.

The stock of The Ultimate Software Group, Inc. (NASDAQ:ULTI) reached all time high today, Feb, 15 and still has $254.23 target or 4.00 % above today’s $244.45 share price. This indicates more upside for the $7.30B company. This technical setup was reported by Barchart.com. If the $254.23 PT is reached, the company will be worth $292.12M more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events.

The stock increased 1.95% or $4.68 during the last trading session, reaching $244.45. About 150,531 shares traded. The Ultimate Software Group, Inc. (NASDAQ:ULTI) has risen 10.74% since February 15, 2017 and is uptrending. It has underperformed by 5.96% the S&P500.

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

Among 27 analysts covering Ultimate Software (NASDAQ:ULTI), 19 have Buy rating, 1 Sell and 7 Hold. Therefore 70% are positive. Ultimate Software had 67 analyst reports since October 22, 2015 according to SRatingsIntel. The firm has “Buy” rating by Guggenheim given on Wednesday, February 7. The rating was maintained by SunTrust on Tuesday, February 6 with “Buy”. On Wednesday, October 28 the stock rating was maintained by Stifel Nicolaus with “Buy”. Stephens maintained The Ultimate Software Group, Inc. (NASDAQ:ULTI) rating on Wednesday, August 2. Stephens has “Hold” rating and $20300 target. The stock has “Buy” rating by KeyBanc Capital Markets on Thursday, July 27. Robert W. Baird maintained it with “Neutral” rating and $235 target in Wednesday, February 7 report. Canaccord Genuity maintained The Ultimate Software Group, Inc. (NASDAQ:ULTI) on Thursday, November 2 with “Buy” rating. The company was maintained on Wednesday, October 28 by Needham. Mizuho maintained The Ultimate Software Group, Inc. (NASDAQ:ULTI) rating on Tuesday, August 1. Mizuho has “Hold” rating and $22000 target. The firm has “Neutral” rating given on Thursday, April 28 by Wedbush.

More recent The Ultimate Software Group, Inc. (NASDAQ:ULTI) news were published by: Seekingalpha.com which released: “The Ultimate Software Group (ULTI) Q4 2017 Results – Earnings Call Transcript” on February 07, 2018. Also Gurufocus.com published the news titled: “The Ultimate Software Group Inc (ULTI) Chairman, President and CEO Scott …” on February 14, 2018. Businesswire.com‘s news article titled: “H&R Block Canada Live on Ultimate Software’s UltiPro” with publication date: February 01, 2018 was also an interesting one.

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 $7.30 billion. The company's UltiPro software solution delivers the functionality businesses to manage the employee life cycle from recruitment to retirement. It has a 255.17 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.

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