Ultimate Software Group (ULTI): Solid Checks and Easy Expectations - Wedbush

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Go back to Ultimate Software Group (ULTI): Solid Checks and Easy Expectations - Wedbush

UBS Raises Price Target on Ultimate Software Group (ULTI) Following 2Q Report

July 27, 2016 9:44 AM EDT

UBS reiterated a Buy rating on Ultimate Software Group (NASDAQ: ULTI), and raised the price target to $250.00 (from $237.00), following the company's 2Q earnings report. ULTI reported total revenue of $186.5m vs. guidance of approximately 187m. EPS $0.76 was in-line with the Street.

Analyst John Byun commented, "With 99% visibility into FY16 recurring... More

Needham & Company Reiterates Buy on Ultimate Software Group (ULTI) Following In-Line 2Q

July 27, 2016 6:49 AM EDT

Needham & Company maintained a Buy rating and $250.00 price target on Ultimate Software Group (NASDAQ: ULTI) following the company's 2Q earnings report. ULTI reported revenues of $186.5mm and EPS of $0.76. Both fell in-line with $186.9mm revenue and $0.75 EPS estimates.

Analyst Scott Berg commented,... More