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

Research analysts at StockNews.com initiated coverage on shares of Park City Group (NASDAQ:PCYG) in a report released on Saturday. The brokerage set a “hold” rating on the technology company’s stock.

Park City Group Price Performance

Shares of NASDAQ:PCYG opened at $15.93 on Friday. The company has a market capitalization of $289.53 million, a P/E ratio of 59.00 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 business’s 50 day simple moving average is $15.53 and its 200 day simple moving average is $12.41.

Institutional Investors Weigh In On Park City Group

A number of large investors have recently modified their holdings of PCYG. Bailard Inc. boosted its holdings in shares of Park City Group by 53.8% in the 3rd 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 in the last quarter. Ingalls & Snyder LLC boosted its holdings in shares of Park City Group by 1.1% in the 3rd quarter. Ingalls & Snyder LLC now owns 169,162 shares of the technology company’s stock valued at $1,482,000 after purchasing an additional 1,805 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Park City Group in the 3rd quarter valued at $125,000. O Shaughnessy Asset Management LLC boosted its holdings in shares of Park City Group by 115.4% in 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 in the last quarter. Finally, Citigroup Inc. boosted its holdings 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. Institutional investors and hedge funds own 26.36% of the company’s stock.

Park City Group Company Profile

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.