Park City Group (NASDAQ:PCYG) Share Price Passes Above 200 Day Moving Average of $7.96

Shares of Park City Group, Inc. (NASDAQ:PCYG) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $7.96 and traded as high as $8.71. Park City Group shares last traded at $8.53, with a volume of 25,278 shares.

Wall Street Analysts Forecast Growth

Separately, StockNews.com assumed coverage on shares of Park City Group in a research report on Thursday, August 17th. They issued a “buy” rating for the company.

Park City Group Stock Performance

The company’s 50 day moving average price is $9.31 and its 200 day moving average price is $7.96. The company has a market cap of $157.07 million, a price-to-earnings ratio of 34.12 and a beta of 1.16.

Park City Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 1st. Stockholders of record on Friday, June 30th were paid a dividend of $0.015 per share. The ex-dividend date was Thursday, June 29th. This represents a $0.06 annualized dividend and a dividend yield of 0.70%. Park City Group’s dividend payout ratio (DPR) is 24.00%.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Rice Hall James & Associates LLC grew its stake in Park City Group by 4.0% in the 2nd quarter. Rice Hall James & Associates LLC now owns 1,108,024 shares of the technology company’s stock valued at $11,180,000 after buying an additional 42,140 shares during the last quarter. Ingalls & Snyder LLC grew its stake in Park City Group by 6.8% in the 2nd quarter. Ingalls & Snyder LLC now owns 167,357 shares of the technology company’s stock valued at $1,689,000 after buying an additional 10,616 shares during the last quarter. Renaissance Technologies LLC grew its stake in Park City Group by 3.8% in the 4th quarter. Renaissance Technologies LLC now owns 138,663 shares of the technology company’s stock valued at $686,000 after buying an additional 5,055 shares during the last quarter. Geode Capital Management LLC grew its stake in Park City Group by 14.3% in the 2nd quarter. Geode Capital Management LLC now owns 131,080 shares of the technology company’s stock valued at $1,323,000 after buying an additional 16,374 shares during the last quarter. Finally, BlackRock Inc. grew its stake in Park City Group by 10.2% in the 2nd quarter. BlackRock Inc. now owns 63,474 shares of the technology company’s stock valued at $640,000 after buying an additional 5,859 shares during the last quarter. Institutional investors and hedge funds own 26.36% of the company’s stock.

About Park City Group

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.