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

StockNews.com began coverage on shares of Park City Group (NASDAQ:PCYGGet Rating) in a research note issued to investors on Wednesday morning. The firm issued a hold rating on the technology company’s stock.

Other equities analysts also recently issued research reports about the stock. DA Davidson reduced their price objective on shares of Park City Group to $9.00 and set a na rating for the company in a research note on Tuesday, May 17th. TheStreet downgraded shares of Park City Group from a b- rating to a c+ rating in a research note on Friday, April 22nd.

Park City Group Price Performance

Shares of NASDAQ:PCYG opened at $5.38 on Wednesday. Park City Group has a 1 year low of $4.06 and a 1 year high of $10.68. The business has a 50 day simple moving average of $4.88 and a two-hundred day simple moving average of $5.50. The firm has a market capitalization of $100.02 million, a PE ratio of 29.88 and a beta of 1.14.

Park City Group (NASDAQ:PCYGGet Rating) last posted its quarterly earnings results on Monday, May 16th. The technology company reported $0.05 earnings per share for the quarter. Park City Group had a net margin of 21.75% and a return on equity of 8.75%. The firm had revenue of $4.56 million during the quarter.

Hedge Funds Weigh In On Park City Group

A number of large investors have recently bought and sold shares of the business. Commonwealth Equity Services LLC purchased a new position in Park City Group in the first quarter worth $56,000. Goldman Sachs Group Inc. purchased a new position in Park City Group in the first quarter worth $56,000. WealthTrust Axiom LLC purchased a new position in Park City Group in the fourth quarter worth $73,000. Dimensional Fund Advisors LP grew its holdings in Park City Group by 61.3% in the first quarter. Dimensional Fund Advisors LP now owns 30,012 shares of the technology company’s stock worth $158,000 after purchasing an additional 11,409 shares during the last quarter. Finally, State Street Corp grew its holdings in Park City Group by 47.6% in the first quarter. State Street Corp now owns 42,461 shares of the technology company’s stock worth $224,000 after purchasing an additional 13,687 shares during the last quarter. Institutional investors own 30.05% of the company’s stock.

Park City Group Company Profile

(Get Rating)

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.

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