Zacks: Park City Group, Inc. (NASDAQ:PCYG) Receives Consensus Rating of “Strong Buy” from Analysts

Park City Group, Inc. (NASDAQ:PCYG) has received a consensus broker rating score of 1.00 (Strong Buy) from the one brokers that provide coverage for the stock, Zacks Investment Research reports. One research analyst has rated the stock with a strong buy rating.

Analysts have set a 1 year consensus price objective of $11.50 for the company and are predicting that the company will post $0.04 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Park City Group an industry rank of 46 out of 255 based on the ratings given to its competitors.

A number of equities analysts have recently weighed in on the company. ValuEngine upgraded Park City Group from a “sell” rating to a “hold” rating in a report on Thursday, September 12th. Zacks Investment Research upgraded Park City Group from a “sell” rating to a “hold” rating in a report on Tuesday, August 27th.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Rice Hall James & Associates LLC acquired a new position in Park City Group during the 2nd quarter worth about $983,000. Ingalls & Snyder LLC lifted its stake in Park City Group by 13.8% during the 2nd quarter. Ingalls & Snyder LLC now owns 159,221 shares of the technology company’s stock worth $853,000 after acquiring an additional 19,360 shares in the last quarter. Acadian Asset Management LLC acquired a new position in Park City Group during the 2nd quarter worth about $46,000. Handelsinvest Investeringsforvaltning lifted its stake in Park City Group by 1,940.0% during the 2nd quarter. Handelsinvest Investeringsforvaltning now owns 204,000 shares of the technology company’s stock worth $1,093,000 after acquiring an additional 194,000 shares in the last quarter. Finally, Handelsbanken Fonder AB lifted its stake in Park City Group by 1,792.5% during the 2nd quarter. Handelsbanken Fonder AB now owns 1,153,641 shares of the technology company’s stock worth $6,184,000 after acquiring an additional 1,092,683 shares in the last quarter. 24.19% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NASDAQ PCYG traded up $0.05 during mid-day trading on Monday, reaching $5.49. 28,721 shares of the company’s stock were exchanged, compared to its average volume of 55,513. The firm has a market capitalization of $108.82 million, a price-to-earnings ratio of 32.29 and a beta of 1.63. The company has a debt-to-equity ratio of 0.02, a quick ratio of 3.02 and a current ratio of 3.02. Park City Group has a 52-week low of $4.76 and a 52-week high of $9.71. The company’s 50-day moving average is $6.05 and its 200-day moving average is $6.22.

Park City Group (NASDAQ:PCYG) last released its quarterly earnings results on Thursday, September 12th. The technology company reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.03). The business had revenue of $4.66 million for the quarter, compared to analysts’ expectations of $5.06 million. Park City Group had a return on equity of 9.77% and a net margin of 18.43%. As a group, equities analysts predict that Park City Group will post 0.27 earnings per share for the current fiscal year.

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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