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

Equities researchers at StockNews.com assumed coverage on shares of Park City Group (NASDAQ:PCYGGet Rating) in a research note issued to investors on Wednesday. The firm set a “hold” rating on the technology company’s stock.

A number of other research analysts have also recently weighed in on the stock. TheStreet cut shares of Park City Group from a “b-” rating to a “c+” rating in a research report on Friday, April 22nd. DA Davidson cut their price target on shares of Park City Group to $9.00 and set a “na” rating on the stock in a report on Tuesday, May 17th.

Park City Group Stock Up 1.5 %

Park City Group stock opened at $5.30 on Wednesday. The company’s 50-day moving average price is $4.89 and its 200-day moving average price is $5.50. The company has a market cap of $98.58 million, a PE ratio of 29.45 and a beta of 1.14. Park City Group has a twelve month low of $4.06 and a twelve month high of $10.68.

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. WealthTrust Axiom LLC raised its position in Park City Group by 12.3% during the 2nd quarter. WealthTrust Axiom LLC now owns 27,408 shares of the technology company’s stock valued at $120,000 after purchasing an additional 3,000 shares in the last quarter. Commonwealth Equity Services LLC increased its stake in shares of Park City Group by 61.1% during the second quarter. Commonwealth Equity Services LLC now owns 17,266 shares of the technology company’s stock valued at $75,000 after buying an additional 6,549 shares during the period. Ingalls & Snyder LLC raised its holdings in shares of Park City Group by 7.8% in the fourth quarter. Ingalls & Snyder LLC now owns 134,231 shares of the technology company’s stock valued at $779,000 after acquiring an additional 9,739 shares in the last quarter. Goldman Sachs Group Inc. purchased a new stake in Park City Group in the first quarter worth about $56,000. Finally, Dimensional Fund Advisors LP grew its holdings in 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. Institutional investors own 30.05% of the company’s stock.

Park City Group Company Profile

(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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