Ultimate Reports Q4 and Year-End 2016 Financial Results
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Ultimate Software (ULTI) PT Lowered to $240 at Wedbush
February 8, 2017 7:44 AM ESTWedbush analyst Steve Koening reiterates Outperform rating, but lowers price target on Ultimate Software Group (NASDAQ: ULTI) to $240 (from $248), noting higher near-term expenditures from the company offset strong fourth quarter sales.
Koening comments, "ULTI delivered strong sales performance in 4Q. Although near-term... More
Needham & Company Reiterates Buy on Ultimate Software Group (ULTI) Following Mixed 4Q
February 8, 2017 6:53 AM ESTNeedham & Company reiterated a Buy rating and $250.00 price target on Ultimate Software Group (NASDAQ: ULTI) following the company's 4Q earnings report. Total revenues increased 23.4% Y/Y while subscription revenues increased 24.7% Y/Y and services revenues growing 17.2% Y/Y.
Analyst Scott Berg commented, "Ultimate... More
