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

StockNews.com started coverage on shares of Park City Group (NASDAQ:PCYG) in a report issued on Saturday morning. The brokerage issued a hold rating on the technology company’s stock.

Park City Group Stock Performance

Shares of NASDAQ:PCYG opened at $16.26 on Friday. The stock’s 50-day moving average is $15.58 and its 200-day moving average is $12.54. The company 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 52-week low of $4.80 and a 52-week high of $10.50.

Institutional Investors Weigh In On Park City Group

A number of institutional investors have recently added to or reduced their stakes in the company. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Park City Group during the 3rd quarter valued at about $125,000. Bailard Inc. boosted its holdings in Park City Group by 53.8% in the third quarter. Bailard Inc. now owns 16,299 shares of the technology company’s stock valued at $143,000 after acquiring an additional 5,699 shares during the last quarter. Citigroup Inc. increased its position 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 worth $246,000 after purchasing an additional 28,024 shares during the period. O Shaughnessy Asset Management LLC boosted its stake in Park City Group by 115.4% in the third quarter. O Shaughnessy Asset Management LLC now owns 41,932 shares of the technology company’s stock valued at $367,000 after acquiring an additional 22,469 shares during the last quarter. Finally, Ingalls & Snyder LLC raised its holdings 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 worth $1,482,000 after purchasing an additional 1,805 shares during the period. 26.36% of the stock is owned by institutional investors and hedge funds.

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.