Park City Group (NASDAQ:PCYG) Releases Quarterly Earnings Results, Misses Expectations By $0.03 EPS

Park City Group (NASDAQ:PCYG) posted its quarterly earnings data on Thursday. The technology company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.03), Morningstar.com reports. The company had revenue of $4.66 million during the quarter, compared to the consensus estimate of $5.06 million. Park City Group had a net margin of 21.85% and a return on equity of 12.20%.

NASDAQ:PCYG opened at $6.59 on Friday. The firm has a market capitalization of $130.94 million, a price-to-earnings ratio of 38.76, a PEG ratio of 1.20 and a beta of 1.65. Park City Group has a 1 year low of $4.76 and a 1 year high of $10.33. The business has a 50 day simple moving average of $5.62 and a 200-day simple moving average of $6.41. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.07 and a quick ratio of 3.07.

Several equities research analysts have recently issued reports on the company. Zacks Investment Research raised Park City Group from a “sell” rating to a “hold” rating in a research note on Tuesday, August 27th. ValuEngine raised Park City Group from a “sell” rating to a “hold” rating in a research note on Thursday.



Large investors have recently bought and sold shares of the company. Acadian Asset Management LLC bought a new stake in shares of Park City Group in the 2nd quarter valued at approximately $46,000. Weiss Asset Management LP bought a new stake in shares of Park City Group in the 2nd quarter valued at approximately $88,000. Connors Investor Services Inc. lifted its stake in shares of Park City Group by 8.0% in the 2nd quarter. Connors Investor Services Inc. now owns 47,886 shares of the technology company’s stock valued at $257,000 after purchasing an additional 3,534 shares during the last quarter. Paloma Partners Management Co bought a new stake in shares of Park City Group in the 2nd quarter valued at approximately $306,000. Finally, Handelsbanken Fonder AB bought a new stake in shares of Park City Group in the 1st quarter valued at approximately $487,000. 24.13% of the stock is owned by institutional investors and hedge funds.

Park City Group Company Profile

Park City Group, Inc, a software-as-a-service provider, designs, develops, and markets proprietary software products in the United States. The company offers ReposiTrak MarketPlace, a supplier discovery and B2B e-commerce solution that is used for sourcing products, and enables to screen and choose suppliers; ReposiTrak Compliance and Food Safety Solutions, which reduces potential regulatory and legal risk from their supply chain partners; and ReposiTrak Supply Chain Solutions, which enables customers to manage relationships with suppliers.

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Earnings History for Park City Group (NASDAQ:PCYG)

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