StockNews.com Begins Coverage on Park City Group (NASDAQ:PCYG)

Stock analysts at StockNews.com initiated coverage on shares of Park City Group (NASDAQ:PCYG) in a report released on Saturday. The brokerage set a “hold” rating on the technology company’s stock.

Park City Group Trading Up 1.8 %

Shares of NASDAQ:PCYG opened at $15.93 on Friday. The stock has a 50 day moving average of $15.53 and a 200 day moving average of $12.41. The company has a market cap of $289.53 million, a PE ratio of 59.00 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 Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Citigroup Inc. boosted its holdings in shares of Park City Group by 350,300.0% during the 3rd quarter. Citigroup Inc. now owns 28,032 shares of the technology company’s stock valued at $246,000 after purchasing an additional 28,024 shares during the last quarter. O Shaughnessy Asset Management LLC lifted its position in shares of Park City Group by 115.4% in the third quarter. O Shaughnessy Asset Management LLC now owns 41,932 shares of the technology company’s stock worth $367,000 after buying an additional 22,469 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new position in Park City Group during the third quarter valued at approximately $125,000. Ingalls & Snyder LLC increased 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 acquiring an additional 1,805 shares during the last quarter. Finally, Bailard Inc. increased 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 acquiring an additional 5,699 shares during the last quarter. 26.36% of the stock is currently owned by institutional investors.

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.