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

StockNews.com began coverage on shares of Park City Group (NASDAQ:PCYG) in a research report issued to clients and investors on Thursday. The firm set a “hold” rating on the technology company’s stock.

Park City Group Trading Up 0.1 %

PCYG opened at $15.12 on Thursday. The company has a market cap of $274.81 million, a P/E ratio of 56.00 and a beta of 1.10. The business’s 50-day moving average price is $14.89 and its 200-day moving average price is $11.94. Park City Group has a 12 month low of $4.80 and a 12 month high of $10.50.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Ritholtz Wealth Management purchased a new position in shares of Park City Group in the third quarter worth about $177,000. Bailard Inc. increased its holdings in Park City Group by 53.8% during the 3rd quarter. Bailard Inc. now owns 16,299 shares of the technology company’s stock valued at $143,000 after purchasing an additional 5,699 shares during the period. O Shaughnessy Asset Management LLC raised its position in 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 valued at $367,000 after purchasing an additional 22,469 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new position in Park City Group during the 3rd quarter valued at approximately $125,000. Finally, Citigroup Inc. raised its position in Park City Group by 350,300.0% during the 3rd 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. Hedge funds and other institutional investors own 26.36% of the company’s stock.

Park City Group Company Profile

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.