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The Ultimate Software Group (ULTI) Shares Downgraded to a “Underperform” Rating by Zacks Investment Research Analysts

January 2nd, 2012

The Ultimate Software Group (NASDAQ: ULTI) was downgraded by equities research analysts at Zacks Investment Research from a “neutral” rating to an “underperform” rating in a research note issued to investors on Saturday.

Separately, 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. Also, analysts at Wunderlich reiterated a “buy” rating on shares of The Ultimate Software Group in a research note to investors on Monday, December 5th. They now have a $77.00 price target on the stock, up previously from $65.00.

The Ultimate Software Group, Inc. (Ultimate) is a provider of unified human capital management (HCM) software-as-a-service (SaaS) solutions for global businesses. Ultimateâ€™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. Ultimateâ€™s UltiPro is marketed as two solution suites based on company size.

Shares of The Ultimate Software Group opened at 65.12 on Friday. The Ultimate Software Group has a 52 week low of $43.28 and a 52 week high of $71.97. The stock’s 50-day moving average is $65.83 and its 200-day moving average is $55.83. The company has a market cap of $1.695 billion and a price-to-earnings ratio of 505.81.

Source:http://localizedusa.com/2011/12/31/the-ultimate-software-group-ulti-shares-downgraded-to-a-underperform-rating-by-zacks-investment-research-analysts/

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Posted in Software News

Tags: Software Ultimate

Ultimate Software Brings HR Tools To The Cloud

December 30th, 2011

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U.S. job growth is anemic. But you wouldn’t know it by looking at sales growth from firms that help companies hire, manage and track their workers.

The human capital management field, as it’s known, is expected to grow at an annual rate of 6% a year, hitting $8.1 billion in worldwide revenue by 2015, according to technology tracking firm IDC.

Weston, Fla.-based Ultimate Software Group (ULTI) is growing faster than that, as it wins over converts to its cloud-based human-resources, recruiting and talent-management software services.

“Good people can always find another job. Your top performers are always going to have some level of mobility. So there is this beginning of a recognition that the management of talent is pretty important,” said Lisa Rowan, program director for HR, talent and learning strategies for IDC.

From Product To Service

Ultimate was founded in 1990 by Scott Scherr, a one-time vice president at payroll services firm ADP (ADP). Scherr remains CEO.

The firm began with the traditional model, selling perpetual licenses for its software and packages. But it’s since transitioned to a software-as-a-service model, selling subscriptions to users for remote access to the latest versions of its flagship UltiPro software.

In 2009 it stopped selling new perpetual licenses to all but a few legacy customers.

With that switch, recurring revenue has grown to 81% of its total and will grow by double digits in 2012, the company says.

The firm targets midsize enterprises with 1,000 to 10,000 employees.

In the last quarter, it touted new clients including a health care organization with more than 7,000 employees, a home-improvement and hardware company with 6,000 employees, and a Canadian movie-theater chain with more than 10,000 workers. Most signed on for multiple product offerings, including recruitment, performance management, salary planning and time management.

“Pipelines remain robust, and our market indicators show very healthy demands,” Scherr said after the third quarter.

Ultimate had about 3.5% of the total HCM market in 2010 according to IDC figures, behind only SAP, with 17.6% market share, Oracle (ORCL), with 13.5%, and privately held Kronos at 8.2%.

But Ultimate doesn’t bump up against the likes of Oracle or SAP often, analysts say.

Instead, one of its fiercest competitors is WorkDay, the private company co-founded in 2005 by co-CEOs Dave Duffield and Aneel Bhusri. Both are veterans from PeopleSoft, the HR software firm that Oracle bought in 2005 in a $10.3 billion hostile takeover.

Source:http://news.investors.com/Article/596227/201112291806/Ultimate-software-cloud-human-resources-growth-field.htm

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Posted in Software News

Tags: Cloud Software Ultimate

Ultimate Software Group Stock Hits New 52-Week High (ULTI)

November 4th, 2011

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Ultimate Software Group (Nasdaq:ULTI) hit a new 52-week high Thursday as it is currently trading at $62.86, above its previous 52-week high of $61.40 with 262,590 shares traded as of 3:36 p.m. ET. Average volume has been 277,800 shares over the past 30 days.

Ultimate Software Group has a market cap of $1.6 billion and is part of the technology sector and internet industry. Shares are up 24.3% year to date as of the close of trading on Wednesday.

The Ultimate Software Group, Inc. designs, develops, and markets unified human capital management (HCM) software-as-a-service (SaaS) solutions for businesses. Its UltiPro HCM solution comprises human resources (HR), payroll, and talent management feature sets. The company has a P/E ratio of 262.9, below the average internet industry P/E ratio of 466.3 and above the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Ultimate Software Group as a hold. The company’s strengths can be seen in multiple areas, such as its robust revenue growth, good cash flow from operations and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we find that the growth in the company’s net income has been quite unimpressive.

Source:http://www.thestreet.com/story/11299647/1/ultimate-software-group-stock-hits-new-52-week-high-ulti.html