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

NEW YORK ( TheStreet) -- Ultimate Software Group (Nasdaq: ULTI) hit a new 52-week high Tuesday as it is currently trading at $83.41, above its previous 52-week high of $83.02 with 18,185 shares traded as of 10:14 a.m. ET. Average volume has been 162,400 shares over the past 30 days.

Ultimate Software Group has a market cap of $2.2 billion and is part of the technology sector and internet industry. Shares are up 26.6% 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 458, 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. We feel these strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value. 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.

null

More from Markets

Video: There Are Some Big Changes Coming to the PGA Championships in 2019

Video: There Are Some Big Changes Coming to the PGA Championships in 2019

Video: One-on-One With Pluralsight's CEO Following Its Successful IPO

Video: One-on-One With Pluralsight's CEO Following Its Successful IPO

CBS-Viacom Battle Comes to a Head; FDA Approves Novartis Migraine Drug --ICMYI

CBS-Viacom Battle Comes to a Head; FDA Approves Novartis Migraine Drug --ICMYI

Listen: Here's What You Need To Know About ETFs Today (Hint: They're on Fire!)

Listen: Here's What You Need To Know About ETFs Today (Hint: They're on Fire!)

Cramer and His Team Stick to Their Disciplines -- Even When It's Disappointing

Cramer and His Team Stick to Their Disciplines -- Even When It's Disappointing