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

Stock analysts at StockNews.com began coverage on shares of Park City Group (NASDAQ:PCYG – Get Rating) in a report released on Friday. The brokerage set a “strong-buy” rating on the technology company’s stock.

Separately, DA Davidson lifted their price objective on Park City Group from $9.00 to $10.00 in a research note on Tuesday, May 16th.

Park City Group Price Performance

Shares of NASDAQ:PCYG opened at $7.24 on Friday. Park City Group has a 1 year low of $4.31 and a 1 year high of $7.38. The firm has a market capitalization of $133.29 million, a price-to-earnings ratio of 28.96 and a beta of 1.09. The business’s 50 day moving average price is $6.48 and its 200-day moving average price is $5.88.

Institutional Investors Weigh In On Park City Group

Institutional investors have recently added to or reduced their stakes in the business. Handelsinvest Investeringsforvaltning lifted its stake in Park City Group by 4.5% during the fourth quarter. Handelsinvest Investeringsforvaltning now owns 460,000 shares of the technology company’s stock worth $2,277,000 after purchasing an additional 20,000 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Park City Group by 61.3% in the first quarter. Dimensional Fund Advisors LP now owns 30,012 shares of the technology company’s stock valued at $158,000 after acquiring an additional 11,409 shares during the period. Bank of America Corp DE boosted its holdings in shares of Park City Group by 66,850.0% in the first quarter. Bank of America Corp DE now owns 18,746 shares of the technology company’s stock valued at $118,000 after acquiring an additional 18,718 shares during the period. O Shaughnessy Asset Management LLC boosted its holdings in shares of Park City Group by 38.8% in the first quarter. O Shaughnessy Asset Management LLC now owns 18,324 shares of the technology company’s stock valued at $116,000 after acquiring an additional 5,119 shares during the period. Finally, Goldman Sachs Group Inc. acquired a new stake in shares of Park City Group in the first quarter valued at approximately $56,000. Hedge funds and other institutional investors own 25.16% of the company’s stock.

About Park City Group

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Park City Group, Inc is a software-as-a-service provider, which engages in the design, development, marketing, and support of proprietary software products. It offers cloud-based applications and services that address e-commerce, supply chain, food safety and compliance activities. The company was founded by Randall K.