Ultimate Software Group (ULTI) might be planning “to carve out a new sales team targeting companies with 1,500 to 2,500 employees, a sweet spot of the market that the company previously addressed via a catchall enterprise team that sold all the way up to the largest of companies,” William Blair analyst Justin Furby said in a research note Friday. “The planned expansion, which has not been confirmed by management, would follow the company’s
Ultimate Software (ULTI) surged to a new high in morning trade Wednesday after the firm reported a 38% increase in third-quarter earnings and soundly beat expectations. Ultimate stock jumped more than 8% to go past 205.00 a share, near the top of the day’s trading range. As shares climbed more than 15 apiece, it represented the first time that Ultimate crossed the 200 threshold. Volume was more than triple normal levels. Part of IBD’s Leaderboard,
It seems as though human resources software makers are in the midst of a bullish recovery, so when Ultimate Software Group (ULTI) reports third-quarter earnings after the close on Tuesday, it could be poised for some big gains if it manages to pleasantly surprise investors. Many of Ultimate’s competitors are making strong moves in the market. SAP (SAP) has had one losing session out of the last 16, and surged 20% in value in the process. On