Park City Group (NASDAQ:PCYG) Research Coverage Started at StockNews.com

Investment analysts at StockNews.com began coverage on shares of Park City Group (NASDAQ:PCYGGet Rating) in a research note issued to investors on Friday. The brokerage set a “hold” rating on the technology company’s stock.

Other research analysts have also issued research reports about the stock. DA Davidson decreased their price target on shares of Park City Group to $9.00 and set a “na” rating on the stock in a research note on Tuesday, May 17th. TheStreet lowered shares of Park City Group from a “b-” rating to a “c+” rating in a research note on Friday, April 22nd.

Shares of PCYG stock opened at $4.62 on Friday. The firm’s 50-day moving average is $4.97 and its 200-day moving average is $5.70. The stock has a market cap of $85.91 million, a price-to-earnings ratio of 25.67 and a beta of 1.04. Park City Group has a 52-week low of $4.06 and a 52-week high of $10.68.

Park City Group (NASDAQ:PCYGGet Rating) last issued its earnings results on Monday, May 16th. The technology company reported $0.05 earnings per share (EPS) for the quarter. The company had revenue of $4.56 million for the quarter. Park City Group had a net margin of 21.75% and a return on equity of 8.75%.

Large investors have recently made changes to their positions in the business. Rice Hall James & Associates LLC boosted its position in shares of Park City Group by 3.0% during the 1st quarter. Rice Hall James & Associates LLC now owns 1,072,556 shares of the technology company’s stock worth $5,663,000 after acquiring an additional 31,566 shares in the last quarter. Goldman Sachs Group Inc. acquired a new stake in shares of Park City Group during the 1st quarter worth approximately $56,000. State Street Corp boosted its position in shares of Park City Group by 47.6% during the 1st quarter. State Street Corp now owns 42,461 shares of the technology company’s stock worth $224,000 after acquiring an additional 13,687 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Park City Group by 61.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 30,012 shares of the technology company’s stock worth $158,000 after acquiring an additional 11,409 shares in the last quarter. Finally, Acadian Asset Management LLC boosted its position in shares of Park City Group by 43.2% during the 1st quarter. Acadian Asset Management LLC now owns 154,513 shares of the technology company’s stock worth $815,000 after acquiring an additional 46,606 shares in the last quarter. Hedge funds and other institutional investors own 30.05% of the company’s stock.

About Park City Group (Get Rating)

Park City Group, Inc, a software-as-a-service provider, designs, develops, and markets proprietary software products in North America. The company offers ReposiTrak MarketPlace, a supplier discovery and B2B e-commerce solution; ReposiTrak Compliance and Food Safety solutions, which reduces potential regulatory and legal risk from their supply chain partners; and ReposiTrak Supply Chain solutions that enables customers to manage relationships with suppliers.

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