Park City Group (NASDAQ:PCYG) Receives New Coverage from Analysts at StockNews.com

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

Park City Group Price Performance

Shares of NASDAQ:PCYG opened at $14.95 on Friday. The firm has a market capitalization of $271.72 million, a PE ratio of 55.37 and a beta of 1.10. The business has a 50-day moving average of $16.11 and a two-hundred day moving average of $14.00. Park City Group has a 12 month low of $4.80 and a 12 month high of $10.50.

Institutional Investors Weigh In On Park City Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in PCYG. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Park City Group during the third quarter worth about $125,000. O Shaughnessy Asset Management LLC grew its stake in shares of Park City Group by 115.4% in the third quarter. O Shaughnessy Asset Management LLC now owns 41,932 shares of the technology company’s stock valued at $367,000 after buying an additional 22,469 shares in the last quarter. Finally, Citigroup Inc. grew its stake in shares of Park City Group by 350,300.0% in 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. 26.36% of the stock is currently owned by institutional investors and hedge funds.

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.