Park City Group (NASDAQ:PCYG) Shares Cross Above 200 Day Moving Average of $12.41

Park City Group, Inc. (NASDAQ:PCYG)’s share price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $12.41 and traded as high as $16.10. Park City Group shares last traded at $15.93, with a volume of 23,478 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, StockNews.com initiated coverage on shares of Park City Group in a research note on Saturday. They issued a “hold” rating on the stock.

Park City Group Stock Performance

The firm has a market cap of $289.53 million, a price-to-earnings ratio of 59.00 and a beta of 1.10. The business’s 50 day moving average price is $15.53 and its 200-day moving average price is $12.41.

Institutional Investors Weigh In On Park City Group

Several institutional investors and hedge funds have recently bought and sold shares of PCYG. Citigroup Inc. grew its position 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 during the last quarter. O Shaughnessy Asset Management LLC grew its position 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 during the last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new position in Park City Group in the 3rd quarter worth about $125,000. Ingalls & Snyder LLC grew its position 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 during the last quarter. Finally, Bailard Inc. grew its position 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 during the last quarter. Institutional investors and hedge funds own 26.36% of the company’s stock.

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.