StockNews.com Initiates Coverage on Park City Group (NASDAQ:PCYG)

Investment analysts at StockNews.com initiated coverage on shares of Park City Group (NASDAQ:PCYGGet Free Report) in a research note issued to investors on Tuesday. The brokerage set a “hold” rating on the technology company’s stock.

Park City Group Trading Up 0.4 %

Park City Group stock opened at $12.40 on Tuesday. Park City Group has a 1-year low of $4.80 and a 1-year high of $10.50. The firm has a market capitalization of $225.37 million, a price-to-earnings ratio of 45.93 and a beta of 1.10. The firm has a 50 day simple moving average of $10.98 and a 200 day simple moving average of $9.88.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Tower Research Capital LLC TRC boosted its holdings in Park City Group by 686.4% in the 3rd quarter. Tower Research Capital LLC TRC now owns 4,687 shares of the technology company’s stock valued at $25,000 after purchasing an additional 4,091 shares during the period. UBS Group AG boosted its holdings in Park City Group by 380.8% in the 3rd quarter. UBS Group AG now owns 4,606 shares of the technology company’s stock valued at $25,000 after purchasing an additional 3,648 shares during the period. Barclays PLC bought a new position in Park City Group in the 3rd quarter valued at $26,000. Qube Research & Technologies Ltd bought a new position in Park City Group in the 3rd quarter valued at $27,000. Finally, Goldman Sachs Group Inc. bought a new position in Park City Group in the 1st quarter valued at $56,000. 26.36% of the stock is owned by institutional investors.

About Park City Group

(Get Free Report)

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.

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