Ultimate Software Group Inc. (ULTI): Today's Featured Internet Winner

Ultimate Software Group ( ULTI) pushed the Internet industry higher today making it today's featured internet winner. The industry as a whole closed the day up 1%. By the end of trading, Ultimate Software Group rose $1.58 (1.9%) to $83.94 on average volume. Throughout the day, 191,797 shares of Ultimate Software Group exchanged hands as compared to its average daily volume of 168,900 shares. The stock ranged in a price between $82.30-$84.26 after having opened the day at $82.41 as compared to the previous trading day's close of $82.36. Other companies within the Internet industry that increased today were: Yelp ( YELP), up 11.9%, Synacor ( SYNC), up 10.3%, CafePress ( PRSS), up 6.1%, and Internap Network Services Corporation ( INAP), up 5.3%.

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. Ultimate Software Group has a market cap of $2.19 billion and is part of the technology sector. The company has a P/E ratio of 457.3, equal to the average internet industry P/E ratio and above the S&P 500 P/E ratio of 17.7. Shares are up 25.5% year to date as of the close of trading on Thursday. Currently there are four analysts that rate Ultimate Software Group a buy, no analysts rate it a sell, and 10 rate it a hold.

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.

On the negative front, BroadVision ( BVSN), down 4.5%, Phoenix New Media ( FENG), down 3.7%, LiveDeal ( LIVE), down 2.7%, and SINA Corporation ( SINA), down 2.6%, were all losers within the internet industry with Baidu ( BIDU) being today's internet industry loser.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the internet industry could consider First Trust Dow Jones Internet Idx ( FDN) while those bearish on the internet industry could consider ProShares Ultra Short Technology ( REW).
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