Park City Group (NASDAQ:PCYG) Earns Hold Rating from Analysts at StockNews.com

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

Park City Group Stock Performance

NASDAQ:PCYG opened at $15.12 on Thursday. The stock has a market capitalization of $274.81 million, a price-to-earnings ratio of 56.00 and a beta of 1.10. Park City Group has a 1 year low of $4.80 and a 1 year high of $10.50. The stock has a fifty day moving average price of $14.83 and a two-hundred day moving average price of $11.89.

Institutional Trading of Park City Group

A number of institutional investors have recently added to or reduced their stakes in PCYG. Vanguard Group Inc. lifted its position in shares of Park City Group by 2.9% during the 3rd quarter. Vanguard Group Inc. now owns 664,402 shares of the technology company’s stock valued at $5,820,000 after acquiring an additional 18,806 shares during the period. Citigroup Inc. grew its holdings in Park City Group by 350,300.0% in the third 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. Qube Research & Technologies Ltd purchased a new position in shares of Park City Group in the third quarter valued at $27,000. O Shaughnessy Asset Management LLC raised its stake in shares of Park City Group by 115.4% during the 3rd quarter. O Shaughnessy Asset Management LLC now owns 41,932 shares of the technology company’s stock worth $367,000 after buying an additional 22,469 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Park City Group in the 3rd quarter worth about $125,000. Hedge funds and other institutional investors own 26.36% of the company’s stock.

About Park City Group

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.