Today, a Director at Ultimate Software (NASDAQ: ULTI), Alois Leiter, bought shares of ULTI for $121.5K.
Following Alois Leiter’s last ULTI Buy transaction on April 18, 2018, the stock climbed by 29.7%. Following this transaction Alois Leiter’s holding in the company was increased by 2.17% to a total of $49.49 million.
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Based on Ultimate Software’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $277 million and quarterly net profit of $20.99 million. In comparison, last year the company earned revenue of $225 million and had a net profit of $5 million. ULTI’s market cap is $8.58B and the company has a P/E ratio of 308.27. Currently, Ultimate Software has an average volume of 132.5K.
24 different firms, including Merrill Lynch and Canaccord Genuity, currently also have a Buy rating on the stock. Based on 8 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $270.86, reflecting a 3.6% upside.
The insider sentiment on Ultimate Software has been positive according to 79 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.
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The Ultimate Software Group, Inc. engages in the development and provision of cloud-based human capital management solutions. Its products include solutions for talent acquisition and on boarding, human resources management and compliance, benefits management and online enrollment, payroll, performance management, salary planning and budgeting for compensation management, succession management, reporting and analytical decision-making tools, and time and attendance. It also offers role-based features for human resources professionals, executives, managers, administrators, and employees whether they are in or out of the office. The company was founded by Scott S. Scherr in April 1996 and is headquartered in Weston, FL.
