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

NEW YORK ( TheStreet) -- Ultimate Software Group (Nasdaq: ULTI) hit a new 52-week high Friday as it is currently trading at $85.28, above its previous 52-week high of $85.20 with 81,098 shares traded as of 11:09 a.m. ET. Average volume has been 170,700 shares over the past 30 days.

Ultimate Software Group has a market cap of $2.18 billion and is part of the technology sector and internet industry. Shares are up 25.5% year to date as of the close of trading on Thursday.

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 455.7, 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.

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