StockNews.com started coverage on shares of Park City Group (NASDAQ:PCYG – Free Report) in a research note issued to investors on Friday. The firm issued a hold rating on the technology company’s stock.
Park City Group Stock Performance
Shares of PCYG stock opened at $16.23 on Friday. Park City Group has a 52-week low of $4.80 and a 52-week high of $10.50. The company has a 50-day simple moving average of $15.23 and a two-hundred day simple moving average of $12.17. The company has a market capitalization of $294.98 million, a price-to-earnings ratio of 60.11 and a beta of 1.10.
Institutional Investors Weigh In On Park City Group
A number of large investors have recently added to or reduced their stakes in the company. Connor Clark & Lunn Investment Management Ltd. purchased a new position in Park City Group during the 3rd quarter valued at about $125,000. Bailard Inc. lifted its position 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 acquiring an additional 5,699 shares during the period. Citigroup Inc. lifted 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 acquiring an additional 28,024 shares during the period. O Shaughnessy Asset Management LLC lifted 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 acquiring an additional 22,469 shares during the period. Finally, Ingalls & Snyder LLC lifted its position in Park City Group by 1.1% during the 3rd quarter. Ingalls & Snyder LLC now owns 169,162 shares of the technology company’s stock valued at $1,482,000 after acquiring an additional 1,805 shares during the period. Institutional investors own 26.36% of the company’s stock.
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.
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