|Bid||0.00 x 800|
|Ask||0.00 x 1000|
|Day's Range||331.26 - 331.41|
|52 Week Range||219.97 - 365.86|
|Beta (3Y Monthly)||N/A|
|PE Ratio (TTM)||183.78|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Ultimate Software (ULTI) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Is The Ultimate Software Group, Inc. (NASDAQ:ULTI) a good investment right now? We check hedge fund and billionaire investor sentiment before delving into hours of research. Hedge funds spend millions of dollars on Ivy League graduates, expert networks, and get tips from investment bankers and industry insiders. Sure they sometimes fail miserably but historically their […]
The financial services industry is experiencing merger and acquisition activity at unprecedented rates, as new fintech companies disrupt from below and legacy players react to stay relevant.
Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Ultimate Software group, Inc. New York, April 05, 2019 -- Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Ultimate Software group, Inc. and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers.
Moody's Investors Service (Moody's) assigned to The Ultimate Software Group, Inc. (Ultimate) a B3 Corporate Family Rating (CFR), B3-PD Probability of Default Rating, and B2 ratings to the company's proposed first lien credit facilities comprising a $275 million revolving credit facility and $2.3 billion of term loans. The B3 rating reflects Ultimate's very high financial risk profile, including very high initial financial leverage of around 9x (including change in deferred revenues and Moody's standard analytical adjustments), modestly positive free cash flow over the next 12 to 18 months and adequate liquidity. Notwithstanding these credit strengths, Ultimate's high debt burden will limit its financial flexibility, especially relative to its key competitors and amid large growth opportunities in an evolving market.
The Ultimate Software Group Inc. is moving forward with an $11 billion deal to be acquired by an investor group after the expiration of a 50-day "go-shop" period. During that time, the Weston-based human resources software company (Nasdaq: ULTI) could consider alternative acquisition offers. The company received no official alternative offers to counter the Feb. 3 proposal led by Hellman & Friedman with partners Blackstone (NYSE: BX), GIC, and Canada Pension Plan Investment Board (CPPIB) and JMI Equity.
Ultimate Software (ULTI) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
The Ultimate Software Group Inc had annual average EBITDA growth of 26.60% over the past ten years. GuruFocus rated The Ultimate Software Group Inc the business predictability rank of 3-star. Warning! GuruFocus has detected 3 Warning Sign with ULTI.
U.S. human resources applications provider Ultimate Software Group Inc, U.S. mortgage software vendor Ellie Mae Inc and German online listings company Scout24 AG are among the companies that private equity firms agreed to buy this month using mostly cash from their own investment funds, known as equity, and relatively little debt, people familiar with the transactions said. The deals show how private equity firms are expanding beyond the traditional leveraged buyout (LBO) model, which has driven most of their deals for the past 40 years, as they look to deploy the record $1.2 trillion they have raised from their investors. In a typical LBO, private equity firms juice up returns by loading up their acquisitions with debt, which is often provided by banks.
Chairman, President and CEO of The Ultimate Software Group Inc (NASDAQ:ULTI) Scott Scherr sold 70,809 shares of ULTI on 02/11/2019 at an average price of $331.68 a share.
The private-equity firm Hellman & Friedman is leading a group that will pay a 20% premium for the software-as-a-service company.
Ultimate Software (NASDAQ:ULTI) is going private in a transaction led by veteran tech investors Hellman & Friedman. The price, $11 billion or $331.50 per share of ULTI stock, is a 19% premium to the company's Feb. 1 close and slightly above its record high of $330.73, achieved in September. The Weston, Florida company went public in 1998 at just $10. But long-time investors are not the only winners. New employees get restricted stock units, which can be cashed in here as common stock, and they continue to acquire shares over time, so many are expected to become millionaires once the deal closes. There is a 50-day "go-shop" period on the deal, where the company could seek a better price, which is why ULTI stock was due to open for trade Feb. 5 at $332.54 per share. InvestorPlace - Stock Market News, Stock Advice & Trading Tips ### The Island of Misfit Tech Hellman & Friedman currently has 20 investments in its portfolio, and over the years, it has put over $50 billion into over 90 companies, including Nasdaq Inc (NASDAQ:NDAQ), Axel Springer publishers in Germany, Doubleclick (now part of Alphabet (NASDAQ:GOOG, NASDAQ:GOOGL) and Getty Images, which it owned from 2008 to 2012. Its current portfolio includes SimpliSafe, the Web-based security company and Kronos, a human capital management company. Hellman & Friedman says it seeks fast-growing businesses in developed markets, and the current fund, its eighth, has $11.1 billion in committed capital. Ultimate operates in an increasingly competitive market that is expected to be worth $10 billion in 2022, with competitors like Oracle (NYSE:ORCL), SAP (NYSE:SAP), International Business Machines (NYSE:IBM) and Cognizant Technology Solutions (NASDAQ:CTSH). Ultimate describes itself as a "cloud" company, but its history predates the cloud. It might be more accurate to call it a Software as a Service (SaaS) firm. The industry has been disrupted during this decade by the rise of cloud-native plays like Workday (NASDAQ:WDAY), which now has a market cap of almost $41 billion. * 10 F-Rated Stocks That Could Break Your Portfolio Ultimate has been growing its top-line regularly, but its bottom-line irregularly, in recent years. It reported revenue of $1.14 billion for all of 2018, on which it had net income of $65 million, $2.06 per share fully diluted. This was its best profit performance in several years, during which time it had doubled in size from 2014's $505 million in revenue. ### What Hellman Does Hellman's track record indicates they will continue investing in Ultimate, perhaps sacrificing short-term profits for market share gains, refocusing the go-to market strategy and, eventually, looking for an exit. It looks for the lemonade in a lemon grove. One example of their work I am personally familiar with is Intergraph, a Huntsville, Alabama computer-aided design firm it bought in 2006. I had covered Intergraph for decades by the date of the sale, and it was clear they had lost ground in their computer-aided design niche to companies like Autodesk (NASDAQ:ADSK). When Hellman exited in 2010, selling Intergraph to Hexagon AB of Sweden, it was a "spatial information management" company whose software was used to create visual representations of vast data stores. * 10 Cold Weather Stocks to Heat Up Your Returns Ultimate appears to be the largest deal Hellman & Friedman has yet put together, the previous high being Multiplan, a healthcare cost management company, which cost $7.5 billion in 2016. ### The Bottom Line on ULTI Stock This is a happy day for Ultimate employees, most of whom can now look forward to a happy retirement or, at least, some money in the bank. Investors looking for a better price on ULTI stock, however, may not do so well given the competitiveness and maturity of Ultimate's market. Buying shares today would be highly speculative, putting a lot of investment into a small chance of a minimal gain. Dana Blankenhorn is a financial and technology journalist. He is the author of a new mystery thriller, The Reluctant Detective Finds Her Family, available now at the Amazon Kindle store. Write him at firstname.lastname@example.org or follow him on Twitter at @danablankenhorn. As of this writing, he did not hold a position in any of the aforementioned securities. ### More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 F-Rated Stocks That Could Break Your Portfolio * 5 Fintech Stocks to Buy As This Mega Trend Gains Steam * 10 Cold Weather Stocks to Heat Up Your Returns Compare Brokers The post Ultimate Software Stock Isn't a Buy After Hellman & Friedman Buyout appeared first on InvestorPlace.
Ultimate Software (ULTI) fourth-quarter results benefit from robust growth in recurring revenues. The company inks deal by which it will be "acquired by an investor group led by Hellman & Friedman."
Ultimate Software (ULTI) delivered earnings and revenue surprises of 35.42% and 1.38%, respectively, for the quarter ended December 2018. Do the numbers hold clues to what lies ahead for the stock?
said Monday that it has agreed to terms to sell the human resource software company to a group of investors led by private-equity firm Hellman & Friedman for around $11 billion. Hellman & Friedman will pay $331.50 in cash for each Ultimate Software share, the company said, a 32% premium to the 30-day average for the stock and 19.3% higher than its Friday closing level of $277.83. Blackstone, JMI Equity and the Canada Pension Plan Investment Board and GIC will also be part of the new ownership group.
Ultimate Software on Monday said it will be acquired by an investor group led by Hellman & Friedman in a cash deal valued at $11 billion. The transaction is expected to close in mid-2019.