ULTIMATE SOFTWR (ULTI) Upgraded by Zacks to OUTPERFORM

Zacks Zacks Investment Research upgraded shares of ULTIMATE SOFTWR (ULTI) from NEUTRAL to OUTPERFORM on July 24, 2012, with a target price of $93.10.

Ultimate Software is a leader in delivering Web-based payroll and employee management solutions to organizations of all sizes. Ultimate Software's fully integrated, award-winning UltiPro suite enables businesses to manage human resources and payroll strategically and cost-effectively, benefiting everyone in the organization. Ultimate Software offers application hosting through IBM Global Services and a business-to-business Web portal, providing access to value-added resources via the Internet.

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