Park City Group (NASDAQ:PCYG) Earns Buy Rating from Analysts at StockNews.com

Equities research analysts at StockNews.com assumed coverage on shares of Park City Group (NASDAQ:PCYG – Get Rating) in a report issued on Wednesday. The brokerage set a “buy” rating on the technology company’s stock.

Park City Group Price Performance

PCYG opened at $6.20 on Wednesday. The business’s 50-day moving average is $5.91 and its two-hundred day moving average is $5.48. Park City Group has a 1 year low of $4.06 and a 1 year high of $6.60. The company has a debt-to-equity ratio of 0.01, a current ratio of 6.44 and a quick ratio of 6.44. The firm has a market capitalization of $114.14 million, a PE ratio of 28.18 and a beta of 1.12.

Park City Group (NASDAQ:PCYG – Get Rating) last posted its earnings results on Tuesday, February 14th. The technology company reported $0.06 earnings per share (EPS) for the quarter. Park City Group had a return on equity of 10.90% and a net margin of 25.44%. The company had revenue of $4.75 million for the quarter.

Institutional Investors Weigh In On Park City Group

A number of large investors have recently modified their holdings of the business. Connors Investor Services Inc. grew its stake in shares of Park City Group by 4.5% during the fourth quarter. Connors Investor Services Inc. now owns 46,490 shares of the technology company’s stock worth $230,000 after acquiring an additional 2,000 shares during the last quarter. Susquehanna International Group LLP grew its stake in shares of Park City Group by 29,418.9% during the fourth quarter. Susquehanna International Group LLP now owns 10,922 shares of the technology company’s stock worth $54,000 after acquiring an additional 10,885 shares during the last quarter. Renaissance Technologies LLC grew its stake in shares of Park City Group by 3.8% during the fourth quarter. Renaissance Technologies LLC now owns 138,663 shares of the technology company’s stock worth $686,000 after acquiring an additional 5,055 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Park City Group by 1.5% during the fourth quarter. Geode Capital Management LLC now owns 114,706 shares of the technology company’s stock worth $567,000 after acquiring an additional 1,652 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC purchased a new stake in shares of Park City Group during the fourth quarter worth about $65,000. Hedge funds and other institutional investors own 25.16% of the company’s stock.

Park City Group Company Profile

(Get Rating)

Park City Group, Inc is a software-as-a-service provider, which engages in the design, development, marketing, and support of proprietary software products. It offers cloud-based applications and services that address e-commerce, supply chain, food safety and compliance activities. The company was founded by Randall K.