NEW YORK ( TheStreet) -- Ultimate Software Group (Nasdaq: ULTI) hit a new 52-week high Wednesday as it is currently trading at $60.80, above its previous 52-week high of $60.43 with 801,189 shares traded as of 3 p.m. ET. Average volume has been 251,000 shares over the past 30 days.

Ultimate Software Group has a market cap of $1.4 billion and is part of the technology sector and internet industry. Shares are up 6.4% year to date as of the close of trading on Tuesday.

The Ultimate Software Group, Inc. designs, develops, and markets unified human capital management (HCM) software-as-a-service (SaaS) solutions for businesses. Its UltiPro HCM solution comprises human resources (HR), payroll, and talent management feature sets. The company has a P/E ratio of 427.6, equal to the average internet industry P/E ratio and above the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Ultimate Software Group as a hold. The company's strengths can be seen in multiple areas, such as its solid stock price performance, robust revenue growth and growth in earnings per share. However, as a counter to these strengths, we find that the company's return on equity has been disappointing. You can view the full Ultimate Software Group Ratings Report.

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