Park City Group (NASDAQ:PCYG) Research Coverage Started at StockNews.com

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

Park City Group Stock Performance

Park City Group stock opened at $9.36 on Friday. The firm has a market cap of $170.12 million, a price-to-earnings ratio of 34.67 and a beta of 1.10. Park City Group has a 1 year low of $4.80 and a 1 year high of $10.50. The firm’s 50 day moving average price is $9.22 and its two-hundred day moving average price is $8.95.

Park City Group (NASDAQ:PCYG) last posted its quarterly earnings results on Thursday, September 28th. The technology company reported $0.07 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.07. The firm had revenue of $4.80 million for the quarter. Park City Group had a net margin of 29.27% and a return on equity of 12.48%.

Park City Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 1st. Shareholders of record on Friday, September 29th were given a dividend of $0.015 per share. This represents a $0.06 annualized dividend and a yield of 0.64%. The ex-dividend date was Thursday, September 28th. Park City Group’s payout ratio is 22.22%.

Hedge Funds Weigh In On Park City Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in PCYG. Rice Hall James & Associates LLC grew its position in Park City Group by 4.0% during the 2nd quarter. Rice Hall James & Associates LLC now owns 1,108,024 shares of the technology company’s stock worth $11,180,000 after purchasing an additional 42,140 shares in the last quarter. Cetera Advisor Networks LLC purchased a new position in Park City Group during the 2nd quarter worth approximately $301,000. Citigroup Inc. grew its position in Park City Group by 350,300.0% during the 3rd quarter. Citigroup Inc. now owns 28,032 shares of the technology company’s stock worth $246,000 after purchasing an additional 28,024 shares in the last quarter. O Shaughnessy Asset Management LLC grew its position in 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 worth $367,000 after purchasing an additional 22,469 shares in the last quarter. Finally, Ritholtz Wealth Management acquired a new stake in shares of Park City Group during the 3rd quarter valued at $177,000. 26.36% of the stock is currently owned by hedge funds and other 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.