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

Research analysts at StockNews.com began coverage on shares of Park City Group (NASDAQ:PCYG) in a research report issued to clients and investors on Friday. The firm set a “hold” rating on the technology company’s stock.

Park City Group Price Performance

NASDAQ:PCYG opened at $15.65 on Friday. The firm has a market cap of $284.44 million, a PE ratio of 57.96 and a beta of 1.10. The company has a 50-day moving average of $15.09 and a 200 day moving average of $12.09. Park City Group has a 1-year low of $4.80 and a 1-year high of $10.50.

Institutional Trading of Park City Group

A number of institutional investors have recently modified their holdings of PCYG. Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Park City Group in the 3rd quarter valued at about $125,000. Bailard Inc. boosted its stake in Park City Group by 53.8% in the 3rd quarter. Bailard Inc. now owns 16,299 shares of the technology company’s stock worth $143,000 after purchasing an additional 5,699 shares in the last quarter. Citigroup Inc. boosted its stake in Park City Group by 350,300.0% in the 3rd quarter. Citigroup Inc. now owns 28,032 shares of the technology company’s stock worth $246,000 after purchasing an additional 28,024 shares in the last quarter. O Shaughnessy Asset Management LLC boosted its stake in Park City Group by 115.4% in the 3rd quarter. O Shaughnessy Asset Management LLC now owns 41,932 shares of the technology company’s stock worth $367,000 after purchasing an additional 22,469 shares in the last quarter. Finally, Ingalls & Snyder LLC boosted its stake in Park City Group by 1.1% in 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 in the last quarter. 26.36% of the stock is currently 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.