The Ultimate Software Group (ULTI) designs, develops, and markets human capital management via cloud technology to businesses across various industries.
Its UltiPro solution includes Web features for HR management and compliance; payroll; benefits enrollment and management; time and attendance; recruitment; onboarding; performance management and reviews; succession management; career development; salary planning and budgeting; reporting and analytical decision-making tools; and 24-7 direct access for executives, managers, administrators, and employees.
The company offers its products and services for various industries, including manufacturing, food services, sports, technology, finance, insurance, retail, real estate, transportation, communications, healthcare, and other services. It also provides deployment, training, maintenance, and technical support services. The company markets its products under the UltiPro Enterprise and UltiPro Workplace brand names through its direct sales teams.
It serves approximately 2,500 customers in 144 countries and supports approximately 10 million employee records in its cloud environment.
Shares have formed a bullish "flag" following the company's better than expected earnings results.
52-Week Trading Range: $85.08 - $148.41
Entry Point: $147.00
Stop Loss: $139.65
Target Price: $161.70
We are closing ULTI at $147.62 after it failed to gain 10% in 30days or less.