Park City Group (NASDAQ:PCYG) Stock Crosses Above Two Hundred Day Moving Average of $12.09

Park City Group, Inc. (NASDAQ:PCYG)’s share price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $12.09 and traded as high as $15.73. Park City Group shares last traded at $15.65, with a volume of 34,910 shares traded.

Analysts Set New Price Targets

Separately, StockNews.com assumed coverage on shares of Park City Group in a report on Friday. They issued a “hold” rating on the stock.

Park City Group Stock Performance

The company has a market capitalization of $284.44 million, a price-to-earnings ratio of 57.96 and a beta of 1.10. The company has a fifty day simple moving average of $15.09 and a two-hundred day simple moving average of $12.09.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Park City Group during the third quarter worth about $125,000. Bailard Inc. raised its holdings in Park City Group by 53.8% in the third quarter. Bailard Inc. now owns 16,299 shares of the technology company’s stock valued at $143,000 after buying an additional 5,699 shares during the period. Ritholtz Wealth Management purchased a new position in Park City Group in the third quarter valued at approximately $177,000. Citigroup Inc. lifted its position in Park City Group by 350,300.0% during the third quarter. Citigroup Inc. now owns 28,032 shares of the technology company’s stock valued at $246,000 after buying an additional 28,024 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC grew its stake 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 worth $367,000 after buying an additional 22,469 shares during the period. 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.