Park City Group (NASDAQ:PCYG) Lowered to “Hold” at StockNews.com

StockNews.com cut shares of Park City Group (NASDAQ:PCYG) from a buy rating to a hold rating in a report published on Monday.

Park City Group Stock Performance

Shares of NASDAQ:PCYG opened at $8.57 on Monday. Park City Group has a 52-week low of $4.57 and a 52-week high of $10.50. The firm has a market capitalization of $157.81 million, a P/E ratio of 34.28 and a beta of 1.16. The stock has a 50 day moving average price of $9.26 and a 200-day moving average price of $8.03.

Institutional Investors Weigh In On Park City Group

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Tower Research Capital LLC TRC grew its position in shares of Park City Group by 686.4% during the 3rd quarter. Tower Research Capital LLC TRC now owns 4,687 shares of the technology company’s stock valued at $25,000 after acquiring an additional 4,091 shares during the period. UBS Group AG lifted its position in Park City Group by 380.8% in the third quarter. UBS Group AG now owns 4,606 shares of the technology company’s stock valued at $25,000 after acquiring an additional 3,648 shares during the last quarter. FNY Investment Advisers LLC purchased a new stake in shares of Park City Group in the first quarter valued at about $47,000. Goldman Sachs Group Inc. acquired a new position in shares of Park City Group during the first quarter worth about $56,000. Finally, O Shaughnessy Asset Management LLC acquired a new position in Park City Group during the fourth quarter worth about $65,000. 26.36% of the stock is owned by institutional investors.

Park City Group Company Profile

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.