Park City Group (NASDAQ:PCYG) Coverage Initiated by Analysts at StockNews.com

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

Park City Group Price Performance

Shares of PCYG stock opened at $16.26 on Friday. The company has a market cap of $295.53 million, a price-to-earnings ratio of 60.22 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 has a fifty day moving average price of $16.11 and a 200-day moving average price of $14.31.

Institutional Investors Weigh In On Park City Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. O Shaughnessy Asset Management LLC increased 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 worth $367,000 after purchasing an additional 22,469 shares in the last quarter. Citigroup Inc. boosted its holdings in Park City Group by 350,300.0% in the 3rd quarter. Citigroup Inc. now owns 28,032 shares of the technology company’s stock worth $246,000 after buying an additional 28,024 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new stake in Park City Group in the 3rd quarter worth $125,000. Institutional investors 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.