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NEW YORK ( TheStreet) -- Ultimate Software Group (Nasdaq: ULTI) hit a new 52-week high Monday as it is currently trading at $78.68, above its previous 52-week high of $78.14 with 42,977 shares traded as of 9:36 a.m. ET. Average volume has been 157,300 shares over the past 30 days. Ultimate Software Group has a market cap of $1.99 billion and is part of the technology sector and internet industry. Shares are up 16% year to date as of the close of trading on Friday. 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 414.3, equal to the average internet industry P/E ratio and above the S&P 500 P/E ratio of 17.7.