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ULTI

Ultimate Software

$332.92

-0.07 (-0.02%)

, PCTY

Paylocity

$86.60

2.14 (2.53%)

07:05
02/20/19
02/20
07:05
02/20/19
07:05

Ultimate Software downgraded to Hold from Buy at SunTrust

SunTrust analyst Terry Tillman downgraded Ultimate Software (ULTI) to Hold and kept his $331.50 price target, noting that while the 50-day go-shop period remains in play,the possibility of a competitive bid to the company's $331.50 take-private price tag is fading. The analyst adds that investors should consider buying Paylocity (PCTY) in the cloud-based payroll/HCM space based on his confidence that the company "can maintain solid business momentum" and expand its adjusted EBTDA beyond 30%.

ULTI

Ultimate Software

$332.92

-0.07 (-0.02%)

PCTY

Paylocity

$86.60

2.14 (2.53%)

  • 21

    Feb

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    Feb

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    Mar

ULTI Ultimate Software
$332.92

-0.07 (-0.02%)

02/05/19
DBAB
02/05/19
DOWNGRADE
DBAB
Hold
Ultimate Software downgraded to Hold from Buy at Deutsche Bank
Deutsche Bank analyst Michael Turrin downgraded Ultimate Software to Hold saying the "value" in the stock has been recognized following yesterday's acquisition news.
02/05/19
RHCO
02/05/19
NO CHANGE
Target $83
RHCO
Buy
Paylocity price target raised to $83 from $76 at SunTrust
SunTrust analyst Terry Tillman raised his price target on Paylocity (PCTY) to $83 and kept his Buy rating ahead of its earnings tomorrow, saying he has increased confidence in the company's ability to sustain low-to-mid 20% recurring revenue growth over a multi-year period. The analyst notes that the acquisition of a bellwether payroll software vendor Ultimate Software (ULTI) increases Paylocity's scarcity value. Tillman also cites the "preponderance of positive data points in talking with field contacts on the health of the mid-market-oriented payroll space, the company's positive exposure to resilient growth dynamics in U.S. economy, increased success with non-payroll solutions and overall positive tailwinds associated with businesses increasingly modernizing their HR processes".
02/06/19
RHCO
02/06/19
NO CHANGE
Target $331.5
RHCO
Buy
Ultimate Software price target raised to $331.50 from $310 at SunTrust
SunTrust analyst Terry Tillman raised his price target on Ultimate Software to $331.50 after the company announced its intent to go private at that price. The analyst notes that given the stock last close above the target, the market is signalling a potential competitive bid during its 50-day Go Shop period. Tillman still sees his baseline scenario for Ultimate Software being a take-private transaction, giving its shareholders a "healthy return" and allowing the company to boost its investment activity.
02/20/19
RHCO
02/20/19
DOWNGRADE
RHCO
Hold
Ultimate Software downgraded to Hold from Buy at SunTrust
PCTY Paylocity
$86.60

2.14 (2.53%)

02/07/19
NEED
02/07/19
NO CHANGE
Target $100
NEED
Buy
Paylocity price target raised to $100 from $80 at Needham
Needham analyst Scott Berg raised his price target on Paylocity to $100 and kept his Buy rating after its strong sales in Q2. The analyst points an "going secular shift towards its products drive revenue and EBITDA upside" and anticipates additional investment from the management to drive more sales growth.
02/07/19
CHLM
02/07/19
NO CHANGE
Target $78
CHLM
Hold
Paylocity price target raised to $78 from $65 at Craig-Hallum
Craig-Hallum analyst Jeff Van Rhee raised his price target for Paylocity to $78 from $65 after the company put up a "strong" quarter, continuing to execute well in the mid-market HRM/HCM space. The analyst reiterates a Hold rating on the shares.
02/07/19
STFL
02/07/19
NO CHANGE
Target $91
STFL
Buy
Paylocity price target raised to $91 from $78 at Stifel
Stifel analyst Brad Reback said he continues to see a number of growth drivers that should help Paylocity sustain recurring revenue growth of over 20% and he remains a buyer of the shares following the company's "solid results" in Q2. Reback increased his price target on Paylocity to $91 from $78 and keeps a Buy rating on the stock.
02/07/19
JMPS
02/07/19
NO CHANGE
Target $89
JMPS
Outperform
Paylocity price target raised to $89 from $77 at JMP Securities
JMP Securities analyst Patrick Walravens said after Paylocity's (PCTY) Q2 report that he continues to like the company's consistent execution and he believes the company's strategic value has been illustrated by the recent acquisitions of Ultimate Software (ULTI) and Paycor. In the wake of the company's earnings and above consensus guidance, Walravens raised his price target on Paylocity to $89 from $77 and keeps an Outperform rating on the stock.

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HMS Holdings

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