Park City Group (NASDAQ:PCYG) Earns Hold Rating from Analysts at StockNews.com

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

Park City Group Stock Performance

Shares of NASDAQ PCYG opened at $17.25 on Monday. The business’s 50-day simple moving average is $16.30 and its 200-day simple moving average is $14.77. Park City Group has a 52 week low of $4.80 and a 52 week high of $10.50. The firm has a market cap of $313.52 million, a price-to-earnings ratio of 65.22 and a beta of 1.10.

Hedge Funds Weigh In On Park City Group

An institutional investor recently raised its position in Park City Group stock. Citigroup Inc. increased its holdings in shares of Park City Group, Inc. (NASDAQ:PCYG) by 350,300.0% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 28,032 shares of the technology company’s stock after purchasing an additional 28,024 shares during the period. Citigroup Inc. owned approximately 0.15% of Park City Group worth $246,000 at the end of the most recent reporting period. 26.36% of the stock is currently owned by hedge funds and other 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.