Vote “Outperform” if you believe ULTI will outperform the S&P 500 over the long term. At that point, a bidding war might ensue, depending on how much any interested parties wanted the company. In 1993, the tech company released UltiPro HRMS/ payroll sold as on-premises software servicing core HR and payroll. Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: You have already added five stocks to your watchlist. The Motley Fool has a disclosure policy . Image: Ultimate Software. 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Ultimate Software on Monday said it will be acquired by an investor group in a cash deal valued at $11 billion.Ultimate Software stock soared by nearly 20% as a result. Ultimate also got recognition for its customer-service department, its artificial intelligence platform, and its leadership in building functional products with the flexibility to handle a wide range of demands. Ultimate Software [NASDAQ:ULTI]: Improving Work Experiences for Employees Scott Scherr, Founder & CEO Finding the right recruit for the right role is just the beginning of the employment process. Good trends continued for Ultimate Software. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The CEO says that Ultimate remains focused on reaching its new goal of $2 billion in total revenue by 2021. Ultimate Software’s UltiPro is a cloud-based Human Capital Management (HCM) solution designed to help organizations manage their HR, payroll, and talent needs. The Ultimate Software Group, Inc. designs, develops, and markets software solutions. Some companies that are related to The Ultimate Software Group include Adobe (ADBE), salesforce.com (CRM), Intuit (INTU), Autodesk (ADSK), Workday (WDAY), Synopsys (SNPS), Cadence Design Systems (CDNS), ANSYS (ANSS), Splunk (SPLK), Tyler Technologies (TYL), SS&C Technologies (SSNC), Citrix Systems (CTXS), Fair Isaac (FICO), Nuance Communications (NUAN) and FactSet Research Systems (FDS). The Ultimate Software Group Inc is a provider of human capital management software solutions. Total revenue of $304.8 million for the quarter was higher by 21% from the fourth quarter of 2017, keeping fairly steady compared to recent quarters. Unfortunately, Ultimate's decision to allow private equity investor Hellman & Friedman to purchase it won't give current shareholders much more upside in the company. The official website for The Ultimate Software Group is www.ultimatesoftware.com. Ultimate has a 52-week range of $207.02 to $365.86 a share. There is not enough analysis data for The Ultimate Software Group. Its UltiPro software solution is delivered through software-as-a-service. The technology company can be reached via phone at 954-331-7000 or via email at [email protected]. High institutional ownership can be a signal of strong market trust in this company. (Add your “underperform” vote.). Dan Caplinger has no position in any of the stocks mentioned. CEO Scott Scherr celebrated the year. The company also provides professional services, and customer support and product maintenance services. For Ultimate Software Group (NASDAQ: ULTI) , the human-resources niche has been highly successful for the company and its shareholders, and the customer loyalty it built over time spoke to the impressive quality of its platform. Which Cryptocurrencies Have the Lowest Transaction Fees? Recurring revenue for the quarter was up 24% to $266.4 million, making up an increasingly large portion of the company's overall sales. Real time Ultimate Software Group (ULTI) stock price quote, stock graph, news & analysis. The technology company earns $65.14 million in net income (profit) each year or $2.39 on an earnings per share basis. May 3, 2019, 2:10pm EDT. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. The Ultimate Software Group employs 5,162 workers across the globe. Ultimate Software's shareholders were obviously pleased with the premium offer, and the stock actually moved above the $331.50 deal price, suggesting at least a modest expectation that a competing bid might come in. Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter. The Ultimate Software Group has received 55.47% “outperform” votes from our community. Enter up to 25 symbols separated by spaces. What Is the 3-Day Rule When Trading Stocks? © American Consumer News, LLC dba MarketBeat® 2010-2021. Under the terms of the deal, Hellman & Friedman will pay a total of about $11 billion, with investors to receive $331.50 per share in cash for their Ultimate Software stock. Ultimate Software is a leading provider of cloud-based human capital management solutions, with more than 33 million people records in the cloud. Reaching millions of people each month through its website, books, newspaper column, radio show, television appearances, and subscription newsletter services, The Motley Fool champions shareholder values and advocates tirelessly for the individual investor. The company was founded in 1990 and is headquartered in Weston, Florida. Ultimate Software's fourth-quarter results showed how steady the company's growth has been. nodes[i].dataset.subscription : nodes[i].getAttribute('data-subscription'); if(status ==='true') {nodes[i].checked = true;}}};var nodes = document.querySelectorAll('#form1783 select[data-value]'); if (nodes) { for (var i = 0; i < nodes.length; i++) { var node = nodes[i]; var selectedValue = node.dataset ? )+[a-z]{2,63}/i);}, failureMessage: "Value must not contain any URL's"});field5.add(Validate.Presence, {failureMessage:"This field is required"});field5.add(Validate.Length, {tooShortMessage:"Invalid length for field value", tooLongMessage: "Invalid length for field value", minimum: 4, maximum: 4});function handleFormSubmit(ele) { var submitButton = ele.querySelector('input[type=submit]'); var spinner = document.createElement('span'); spinner.setAttribute('class', 'loader'); submitButton.setAttribute('disabled', true); submitButton.style.cursor = 'wait'; submitButton.parentNode.appendChild(spinner); return true; }function resetSubmitButton(e){ var submitButtons = e.target.form.getElementsByClassName('submit-button'); for(var i=0;i