1. How to use GuruFocus - Tutorials
  2. What Is in the GuruFocus Premium Membership?
  3. A DIY Guide on How to Invest Using Guru Strategies
Holly LaFon
Holly LaFon
Articles (6197) 

Baron Funds Comments on Ultimate Software Group

August 23, 2012 | About:

From Baron Funds' second quarter letter:

The shares of The Ultimate Software Group, Inc. (NASDAQ:ULTI), a leading provider of cloud based payroll and human resources services, rose 21.4% in the quarter. The company reported recurring revenue growth of 22%. We believe the company is positioned to continue to add new accounts, especially now that customers are more accepting of the SaaS ("software as a service") business model.We believe the company is on a path to doing $1 billion in revenues and $250 million in cash flow in five years, and, if so, and appropriately valued, we think the stock could triple from here.


Rating: 0.0/5 (0 votes)

Comments

Please leave your comment:


GuruFocus Mobile App


User Generated Screeners


Jwalker89Universe
tyde_dicksonNCAV
tyde_dicksonNNWC
tyde_dicksonLow PE / PB
GaborWishlist_LowPE
GaborEV/EBIT_basic2
ESDValue screen & peg
MSBResidential 1 Year 1 Yr
mtaylor40GRAHAM3
pwhite444Margin of safety
Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)
FEEDBACK