Park City Group (NASDAQ:PCYG) Now Covered by Analysts at StockNews.com

Stock analysts at StockNews.com started coverage on shares of Park City Group (NASDAQ:PCYG – Get Rating) in a note issued to investors on Friday. The firm set a “strong-buy” rating on the technology company’s stock.

Separately, DA Davidson upped their price target on Park City Group from $9.00 to $10.00 in a report on Tuesday, May 16th.

Park City Group Price Performance

Shares of NASDAQ PCYG opened at $7.24 on Friday. The business’s 50-day moving average price is $6.48 and its two-hundred day moving average price is $5.88. Park City Group has a one year low of $4.31 and a one year high of $7.38. The company has a market capitalization of $133.29 million, a P/E ratio of 28.96 and a beta of 1.09.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of PCYG. Dimensional Fund Advisors LP boosted its position in shares of Park City Group by 61.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 30,012 shares of the technology company’s stock worth $158,000 after purchasing an additional 11,409 shares during the last quarter. State Street Corp raised its stake in Park City Group by 47.6% during the 1st quarter. State Street Corp now owns 42,461 shares of the technology company’s stock worth $224,000 after buying an additional 13,687 shares during the period. Goldman Sachs Group Inc. acquired a new stake in Park City Group during the 1st quarter worth $56,000. UBS Group AG raised its stake in Park City Group by 380.8% during the 3rd quarter. UBS Group AG now owns 4,606 shares of the technology company’s stock worth $25,000 after buying an additional 3,648 shares during the period. Finally, Tower Research Capital LLC TRC raised its stake in Park City Group by 686.4% during the 3rd quarter. Tower Research Capital LLC TRC now owns 4,687 shares of the technology company’s stock worth $25,000 after buying an additional 4,091 shares during the period. 25.16% of the stock is currently owned by institutional investors.

Park City Group Company Profile

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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.