UPDATE: Wunderlich Securities Raises Price Target on the Ultimate Software Group to $96

According to Wunderlich Securities, the Ultimate Software Group ULTI price target is raised to $96. Wunderlich Securities said that Ultimate Software (ULTI) reported breakout 4Q11 results, with strong records across revenues and earnings. “We reiterate our Buy rating and would buy aggressively on any dips.” The Ultimate Software Group closed yesterday at $67.98.