StockNews.com Begins Coverage on Park City Group (NASDAQ:PCYG)

StockNews.com began coverage on shares of Park City Group (NASDAQ:PCYGFree Report) in a research report released on Friday morning. The firm issued a hold rating on the technology company’s stock.

Park City Group Stock Performance

PCYG stock opened at $9.80 on Friday. The company has a market capitalization of $178.12 million, a price-to-earnings ratio of 55.37 and a beta of 1.10. Park City Group has a fifty-two week low of $4.80 and a fifty-two week high of $10.50. The stock has a fifty day moving average of $16.11 and a 200-day moving average of $14.06.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. Connor Clark & Lunn Investment Management Ltd. bought a new position in Park City Group in the 3rd quarter worth about $125,000. O Shaughnessy Asset Management LLC boosted its stake in Park City Group by 115.4% in the 3rd 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. Finally, Citigroup Inc. boosted its stake in Park City Group by 350,300.0% in the 3rd 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. Institutional investors own 26.36% of the company’s stock.

Park City Group Company Profile

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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.

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