Ultimate Software Group Reaches New 52-Week High (ULTI)

NEW YORK ( TheStreet) -- Ultimate Software Group (Nasdaq: ULTI) hit a new 52-week high Friday as it is currently trading at $72.88, above its previous 52-week high of $72.42 with 93,769 shares traded as of 10:35 a.m. ET. Average volume has been 211,600 shares over the past 30 days.

Ultimate Software Group has a market cap of $1.79 billion and is part of the technology sector and internet industry. Shares are up 10.5% year to date as of the close of trading on Thursday.

The Ultimate Software Group, Inc. designs, develops, and markets human capital management software-as-a-service solutions for businesses in the United States and Canada. The company has a P/E ratio of 467.9, below the average internet industry P/E ratio of 528.2 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Ultimate Software Group as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, impressive record of earnings per share growth, compelling growth in net income, expanding profit margins and solid stock price performance. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full Ultimate Software Group Ratings Report.

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