Roth Capital Raises Price Target to $237 on Ultimate Software Group (ULTI) Following 3Q

Go back to Roth Capital Raises Price Target to $237 on Ultimate Software Group (ULTI) Following 3Q

Needham & Company Raises Price Target Following Ultimate Software Group's (ULTI) 3Q

October 28, 2015 9:59 AM EDT

Needham & 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

Ultimate Software Group (ULTI) Tops Q3 EPS by 6c

October 27, 2015 4:02 PM EDT

Ultimate Software Group (NASDAQ: ULTI) reported Q3 EPS of $0.69, $0.06 better than the analyst estimate of $0.63. Revenue for the quarter came in at $155.3 million versus the consensus estimate of $156.15 million.

We performed according to plan in this years third quarter for both our recurring revenues and total revenues, keeping us on target to achieve our 2015 objectives. Our operating margin came in above... More

Trading Radar for 10/26: Apple (AAPL), Twitter (TWTR), Alibaba (BABA), Comcast (CMCSA), Pfizer (PFE) Report

October 26, 2015 2:16 PM EDT

The Trading Radar highlights key earnings and economic announcements for the next trading session:

Before Markets Open:
Economics:
8:30am EDT

Durable Orders - Street sees (1.3%)

9:00am EDT

Case-Shiller 20-City Index - Street sees 5.0%

Earnings:

AIXTRON SE (Nasdaq: AIXG) - consensus loss $0.08
AK Steel (NYSE: AKS) - consensus loss $0.23
AVX Corp. (NYSE: AVX) - consensus EPS $0.20
Active Power (Nasdaq: ACPW) - consensus loss $0.02... More

Datapoints from the HR Technology Conference; Ultimate Software (ULTI) and Paylocity (PCTY) Taking Share

October 26, 2015 8:59 AM EDT

Scott Berg from Needham & Company attended the HR Technology Conference in Vegas. Attendance was up Y/Y although overall traffic levels to be lower than 2014s event and really focused on the larger vendors.

Demand trends appear healthy and Berg noted "one large HRMS/payroll vendor stated that... More