Vanguard Group Inc. grew its position in shares of Park City Group, Inc. (NASDAQ:PCYG) by 1.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 487,511 shares of the technology company’s stock after acquiring an additional 6,530 shares during the quarter. Vanguard Group Inc. owned about 2.51% of Park City Group worth $5,923,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Northern Trust Corp lifted its holdings in Park City Group by 7.6% in the second quarter. Northern Trust Corp now owns 156,991 shares of the technology company’s stock worth $1,908,000 after purchasing an additional 11,039 shares during the period. D.A. Davidson & CO. lifted its holdings in Park City Group by 16.2% in the second quarter. D.A. Davidson & CO. now owns 24,014 shares of the technology company’s stock worth $291,000 after purchasing an additional 3,356 shares during the period. Teachers Advisors LLC lifted its holdings in Park City Group by 0.4% in the second quarter. Teachers Advisors LLC now owns 19,590 shares of the technology company’s stock worth $238,000 after purchasing an additional 74 shares during the period. Cannell Peter B & Co. Inc. lifted its holdings in Park City Group by 3.4% in the second quarter. Cannell Peter B & Co. Inc. now owns 601,292 shares of the technology company’s stock worth $7,306,000 after purchasing an additional 20,000 shares during the period. Finally, Neuberger Berman Group LLC acquired a new stake in Park City Group in the second quarter worth about $122,000. 31.11% of the stock is owned by institutional investors.

Shares of Park City Group, Inc. (NASDAQ PCYG) opened at $11.25 on Thursday. The firm has a market cap of $220.72, a PE ratio of 87.31, a P/E/G ratio of 2.46 and a beta of 1.36. Park City Group, Inc. has a 1-year low of $9.95 and a 1-year high of $17.00. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.29 and a quick ratio of 2.29.

Park City Group (NASDAQ:PCYG) last issued its quarterly earnings results on Wednesday, September 13th. The technology company reported $0.03 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.05 by ($0.02). Park City Group had a net margin of 17.98% and a return on equity of 10.33%. The business had revenue of $5.19 million during the quarter, compared to analyst estimates of $5.03 million. analysts forecast that Park City Group, Inc. will post 0.21 EPS for the current fiscal year.

Several equities research analysts recently weighed in on PCYG shares. Zacks Investment Research downgraded shares of Park City Group from a “hold” rating to a “sell” rating in a report on Wednesday, November 8th. Loop Capital started coverage on shares of Park City Group in a report on Wednesday, August 2nd. They issued a “buy” rating and a $18.00 price objective for the company. Finally, DA Davidson started coverage on shares of Park City Group in a report on Wednesday, September 6th. They issued a “buy” rating and a $15.00 price objective for the company.

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About Park City Group

Park City Group, Inc is a software-as-a-service (SaaS) provider. The Company delivers its services through software products designed, developed, marketed and supported by the Company. The Company also has a Professional Services business, which conducts customization, implementation and training. The Company has approximately two services groups, such as The Business Analytics Group and The Professional Services Group.

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Institutional Ownership by Quarter for Park City Group (NASDAQ:PCYG)

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