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

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.

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, good cash flow from operations and solid stock price performance. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. You can view the full Ultimate Software Group Ratings Report.

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