Park City Group (NASDAQ:PCYG) Receives New Coverage from Analysts at StockNews.com

Equities research analysts at StockNews.com initiated coverage on shares of Park City Group (NASDAQ:PCYG) in a note issued to investors on Friday. The brokerage set a “hold” rating on the technology company’s stock.

Park City Group Stock Up 1.2 %

Shares of PCYG stock opened at $15.65 on Friday. The firm has a 50 day moving average price of $15.09 and a two-hundred day moving average price of $12.09. The company has a market capitalization of $284.44 million, a PE ratio of 57.96 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.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Bailard Inc. increased its holdings in shares of Park City Group by 53.8% during the third quarter. Bailard Inc. now owns 16,299 shares of the technology company’s stock worth $143,000 after purchasing an additional 5,699 shares during the period. O Shaughnessy Asset Management LLC increased its holdings in shares of Park City Group by 115.4% during the third quarter. O Shaughnessy Asset Management LLC now owns 41,932 shares of the technology company’s stock worth $367,000 after purchasing an additional 22,469 shares during the period. Citigroup Inc. increased its stake 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 acquiring an additional 28,024 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new position in Park City Group in the third quarter valued at approximately $125,000. Finally, Ingalls & Snyder LLC increased its stake in Park City Group by 1.1% in the third quarter. Ingalls & Snyder LLC now owns 169,162 shares of the technology company’s stock valued at $1,482,000 after acquiring an additional 1,805 shares during the last quarter. 26.36% of the stock is owned by institutional investors.

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.