Park City Group (NASDAQ:PCYG) Lifted to “Buy” at ValuEngine

Park City Group (NASDAQ:PCYG) was upgraded by research analysts at ValuEngine from a “hold” rating to a “buy” rating in a report released on Tuesday, ValuEngine reports.

Separately, Zacks Investment Research raised shares of Park City Group from a “sell” rating to a “hold” rating in a report on Tuesday, August 27th.

NASDAQ PCYG opened at $4.86 on Tuesday. The company has a fifty day simple moving average of $5.14 and a 200 day simple moving average of $5.47. Park City Group has a 12-month low of $4.27 and a 12-month high of $8.96. The company has a current ratio of 3.00, a quick ratio of 3.00 and a debt-to-equity ratio of 0.04. The company has a market cap of $92.78 million, a P/E ratio of 28.59 and a beta of 1.58.

Park City Group (NASDAQ:PCYG) last posted its quarterly earnings results on Thursday, September 12th. The technology company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.03). Park City Group had a net margin of 15.55% and a return on equity of 7.74%. The business had revenue of $4.66 million during the quarter, compared to analyst estimates of $5.06 million.

Institutional investors and hedge funds have recently bought and sold shares of the business. Rice Hall James & Associates LLC purchased a new position in Park City Group during the 2nd quarter worth $983,000. Connors Investor Services Inc. boosted its holdings in Park City Group by 6.3% during the 3rd quarter. Connors Investor Services Inc. now owns 50,886 shares of the technology company’s stock worth $294,000 after acquiring an additional 3,000 shares during the last quarter. Handelsinvest Investeringsforvaltning boosted its holdings in Park City Group by 58.6% during the 3rd quarter. Handelsinvest Investeringsforvaltning now owns 323,555 shares of the technology company’s stock worth $1,867,000 after acquiring an additional 119,555 shares during the last quarter. Acadian Asset Management LLC purchased a new position in Park City Group during the 2nd quarter worth $46,000. Finally, Ingalls & Snyder LLC boosted its holdings in Park City Group by 1.9% during the 3rd quarter. Ingalls & Snyder LLC now owns 162,231 shares of the technology company’s stock worth $936,000 after acquiring an additional 3,010 shares during the last quarter. 24.97% of the stock is currently owned by hedge funds and other institutional investors.

About Park City Group

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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