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

StockNews.com initiated coverage on shares of Park City Group (NASDAQ:PCYG) in a research note published on Saturday morning. The firm issued a hold rating on the technology company’s stock.

Park City Group Price Performance

PCYG opened at $16.26 on Friday. The company has a market capitalization of $295.53 million, a PE ratio of 60.22 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 business has a 50-day moving average of $16.11 and a 200-day moving average of $14.31.

Institutional Trading of Park City Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in PCYG. Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Park City Group during the third quarter worth approximately $125,000. Citigroup Inc. boosted its position in shares of 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 last quarter. Finally, O Shaughnessy Asset Management LLC increased its holdings 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 purchasing an additional 22,469 shares during the last quarter. 26.36% of the stock is owned by institutional investors.

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.