Park City Group (NASDAQ:PCYG) Receives New Coverage from Analysts at StockNews.com

Equities research analysts at StockNews.com assumed coverage on shares of Park City Group (NASDAQ:PCYG) in a research note issued on Thursday. The firm set a “hold” rating on the technology company’s stock.

Park City Group Stock Down 0.7 %

Shares of NASDAQ PCYG opened at $15.10 on Thursday. The firm’s 50-day simple moving average is $14.77 and its 200 day simple moving average is $11.87. The company has a market cap of $274.44 million, a price-to-earnings ratio of 55.93 and a beta of 1.10. Park City Group has a 12-month low of $4.80 and a 12-month high of $10.50.

Institutional Trading of Park City Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in Park City Group by 2.9% during the 3rd quarter. Vanguard Group Inc. now owns 664,402 shares of the technology company’s stock worth $5,820,000 after purchasing an additional 18,806 shares during the last quarter. Ingalls & Snyder LLC raised its holdings in Park City Group by 1.1% during the 3rd quarter. Ingalls & Snyder LLC now owns 169,162 shares of the technology company’s stock worth $1,482,000 after purchasing an additional 1,805 shares during the last quarter. Renaissance Technologies LLC raised its holdings in Park City Group by 3.8% during the 4th quarter. Renaissance Technologies LLC now owns 138,663 shares of the technology company’s stock worth $686,000 after purchasing an additional 5,055 shares during the last quarter. Geode Capital Management LLC raised its holdings in Park City Group by 14.3% during the 2nd quarter. Geode Capital Management LLC now owns 131,080 shares of the technology company’s stock worth $1,323,000 after purchasing an additional 16,374 shares during the last quarter. Finally, UBS Group AG raised its holdings in Park City Group by 15.6% during the 3rd quarter. UBS Group AG now owns 85,860 shares of the technology company’s stock worth $752,000 after purchasing an additional 11,560 shares during the last quarter. 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.