Ultimate Software Group Stock Hits New 52-Week High (ULTI)

NEW YORK ( TheStreet) -- Ultimate Software Group (Nasdaq: ULTI) hit a new 52-week high Wednesday as it is currently trading at $75.19, above its previous 52-week high of $75 with 116,275 shares traded as of 10:35 a.m. ET. Average volume has been 164,800 shares over the past 30 days.

Ultimate Software Group has a market cap of $1.91 billion and is part of the technology sector and internet industry. Shares are up 7.8% year to date as of the close of trading on Tuesday.

The Ultimate Software Group, Inc., together with its subsidiaries, designs, develops, and markets unified human capital management software-as-a-service solutions to businesses in the United States and Canada. The company has a P/E ratio of 462.5, equal to the average internet industry P/E ratio 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.

See all 52-week high stocks or get investment ideas from our investment research center.

If you liked this article you might like

Analysts' Actions -- Chemours, Incyte, Visteon, Toyota and More

Top 7 Technology Stocks from Credit Suisse for 2017

Growth Seeker Portfolio: Living Up to Our Name

Workday's Disappointing Guidance Is a Major Sign the Cloud Software Industry Is Maturing

Microsoft, Oracle Could Take a Beating in Trump's Tech World