Datapoints from the HR Technology Conference; Ultimate Software (ULTI) and Paylocity (PCTY) Taking Share
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Roth Capital Raises Price Target to $237 on Ultimate Software Group (ULTI) Following 3Q
October 28, 2015 10:56 AM EDTRoth Capital reiterated a Buy rating on Ultimate Software (NASDAQ: ULTI), and raised the price target to $237.00 (from $213.00), following the company's 3Q15 earnings results. 3Q15 revenues of $155.3M essentially matched Roth Capital's $156.1M estimate.
Analyst Richard Baldry commented, "Ultimate Software's 3Q15 results... More
Needham & Company Raises Price Target Following Ultimate Software Group's (ULTI) 3Q
October 28, 2015 9:59 AM EDTNeedham & Company reiterated a Buy rating on Ultimate Software (NASDAQ: ULTI), and raised the price target to $220.00 (from $195.00), following the company's 3Q15 earnings results. ULTI reported revenues and EPS of $155.3mm and $0.69. The underperformance of revenues was mainly attributed to the timing of professional services revenues. The company reaffirmed... More
