Park City Group (NASDAQ:PCYG) Earns Hold Rating from Analysts at StockNews.com

StockNews.com initiated coverage on shares of Park City Group (NASDAQ:PCYG) in a research report report published on Friday. The firm issued a hold rating on the technology company’s stock.

Park City Group Price Performance

Shares of PCYG stock opened at $16.23 on Friday. The stock has a market cap of $294.98 million, a P/E ratio of 60.11 and a beta of 1.10. Park City Group has a one year low of $4.80 and a one year high of $10.50. The company has a fifty day moving average price of $15.36 and a two-hundred day moving average price of $12.26.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of PCYG. Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Park City Group in the third quarter valued at approximately $125,000. Bailard Inc. lifted its holdings in shares of Park City Group by 53.8% in the third 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. Citigroup Inc. boosted its stake in shares of Park City Group by 350,300.0% in 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 in the last quarter. O Shaughnessy Asset Management LLC grew its holdings in shares of Park City Group by 115.4% during the 3rd 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. Finally, Ingalls & Snyder LLC increased its position in Park City Group by 1.1% during 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 in the last quarter. Institutional investors and hedge funds own 26.36% of the company’s stock.

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.