StockNews.com assumed coverage on shares of Park City Group (NASDAQ:PCYG – Free Report) in a research note published on Monday morning. The brokerage issued a hold rating on the technology company’s stock.
Park City Group Stock Performance
PCYG opened at $15.85 on Monday. Park City Group has a one year low of $4.80 and a one year high of $10.50. The stock’s fifty day moving average is $13.59 and its 200-day moving average is $11.09. The company has a market capitalization of $288.07 million, a PE ratio of 58.70 and a beta of 1.10.
Hedge Funds Weigh In On Park City Group
Hedge funds have recently modified their holdings of the stock. Ritholtz Wealth Management purchased a new position in shares of Park City Group during the third quarter valued at $177,000. Bailard Inc. boosted its position in Park City Group by 53.8% during the third quarter. Bailard Inc. now owns 16,299 shares of the technology company’s stock valued at $143,000 after purchasing an additional 5,699 shares during the last quarter. O Shaughnessy Asset Management LLC boosted its position in Park City Group by 115.4% during the third quarter. O Shaughnessy Asset Management LLC now owns 41,932 shares of the technology company’s stock valued at $367,000 after purchasing an additional 22,469 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Park City Group during the third quarter valued at $125,000. Finally, Cetera Advisor Networks LLC acquired a new stake in Park City Group during the second quarter valued at $301,000. 26.36% of the stock is currently owned by institutional investors and hedge funds.
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.
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