The Ultimate Software Group (NASDAQ: ULTI) was downgraded by equities research analysts at ThinkEquity from a “buy” rating to a “hold” rating in a research note issued to investors on Tuesday.
Separately, analysts at Zacks Investment Research upgraded shares of The Ultimate Software Group from an “underperform” rating to a “neutral” rating in a research note to investors on Tuesday. Also, analysts at Kaufman Brothers reiterated a “buy” rating on shares of The Ultimate Software Group in a research note to investors on Tuesday, December 6th.
The Ultimate Software Group, Inc. (Ultimate) is a provider of unified human capital management (HCM) software-as-a-service (SaaS) solutions for global businesses. Ultimate’s UltiPro software (UltiPro) is a SaaS-based solution delivered primarily to organizations based in the United States and Canada and designed to deliver the functionality businesses need to manage the employment life cycle from recruitment to retirement. The solution includes feature sets for talent acquisition and onboarding, human resources (HR) management and compliance, benefits management and online enrollment, payroll, performance management, learning management, salary planning and budgeting for compensation management, reporting and analytical decision-making tools, and time and attendance. Ultimate’s UltiPro is marketed as two solution suites based on company size.
The Ultimate Software Group traded down 1.20% on Tuesday, hitting $66.93. The Ultimate Software Group has a 1-year low of $43.28 and a 1-year high of $71.97. The stock has a 50-day moving average of $66.76 and a 200-day moving average of $57.71. The company has a market cap of $1.742 billion and a price-to-earnings ratio of 525.12.