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

Equities research analysts at StockNews.com started coverage on shares of Park City Group (NASDAQ:PCYG) in a research note issued on Friday. The firm set a “hold” rating on the technology company’s stock.

Park City Group Trading Up 3.7 %

Shares of Park City Group stock opened at $16.23 on Friday. The stock has a 50 day moving average of $15.23 and a 200 day moving average of $12.17. Park City Group has a 12 month low of $4.80 and a 12 month high of $10.50. The firm has a market cap of $294.98 million, a PE ratio of 60.11 and a beta of 1.10.

Hedge Funds Weigh In On Park City Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Ingalls & Snyder LLC boosted its stake in Park City Group by 1.1% during the third quarter. Ingalls & Snyder LLC now owns 169,162 shares of the technology company’s stock valued at $1,482,000 after buying an additional 1,805 shares during the last quarter. Bailard Inc. lifted its stake in shares of Park City Group by 53.8% in the 3rd quarter. Bailard Inc. now owns 16,299 shares of the technology company’s stock valued at $143,000 after purchasing an additional 5,699 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Park City Group in the 3rd quarter valued at approximately $125,000. O Shaughnessy Asset Management LLC lifted its stake in shares of Park City Group by 115.4% in the 3rd quarter. O Shaughnessy Asset Management LLC now owns 41,932 shares of the technology company’s stock valued at $367,000 after purchasing an additional 22,469 shares during the last quarter. Finally, Citigroup Inc. lifted its stake in shares of Park City Group by 350,300.0% in the 3rd quarter. Citigroup Inc. now owns 28,032 shares of the technology company’s stock valued at $246,000 after purchasing an additional 28,024 shares during the last quarter. 26.36% of the stock is owned by institutional investors.

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.