Park City Group (NASDAQ:PCYG) Coverage Initiated by Analysts at StockNews.com

StockNews.com started coverage on shares of Park City Group (NASDAQ:PCYGFree Report) in a research note released on Tuesday morning. The brokerage issued a hold rating on the technology company’s stock.

Park City Group Trading Up 2.6 %

Shares of PCYG opened at $16.26 on Tuesday. The firm has a market cap of $295.53 million, a P/E ratio of 60.22 and a beta of 1.10. Park City Group has a 12-month low of $4.80 and a 12-month high of $10.50. The company’s 50-day moving average price is $13.84 and its 200 day moving average price is $11.29.

Institutional Trading of Park City Group

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Barclays PLC acquired a new position in shares of Park City Group during the third quarter worth about $26,000. Qube Research & Technologies Ltd acquired a new position in shares of Park City Group during the third quarter worth about $27,000. UBS Group AG grew its position in shares of Park City Group by 380.8% during the third quarter. UBS Group AG now owns 4,606 shares of the technology company’s stock worth $25,000 after buying an additional 3,648 shares in the last quarter. Tower Research Capital LLC TRC grew its position in shares of Park City Group by 686.4% during the third quarter. Tower Research Capital LLC TRC now owns 4,687 shares of the technology company’s stock worth $25,000 after buying an additional 4,091 shares in the last quarter. Finally, Goldman Sachs Group Inc. acquired a new position in shares of Park City Group during the first quarter worth about $56,000. 26.36% of the stock is currently owned by hedge funds and other institutional investors.

About Park City Group

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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.

Further Reading

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