Park City Group (NASDAQ:PCYG) posted its quarterly earnings data on Thursday. The technology company reported $0.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.03 by $0.01, Morningstar.com reports. Park City Group had a return on equity of 9.17% and a net margin of 15.47%. The company had revenue of $5.94 million for the quarter, compared to the consensus estimate of $5.75 million.
PCYG stock traded up $0.88 during midday trading on Friday, hitting $9.14. 111,143 shares of the company’s stock were exchanged, compared to its average volume of 33,761. The company has a quick ratio of 2.97, a current ratio of 2.97 and a debt-to-equity ratio of 0.04. Park City Group has a 12-month low of $6.75 and a 12-month high of $11.75. The company has a market capitalization of $166.26 million, a PE ratio of 60.93, a P/E/G ratio of 1.48 and a beta of 1.08.
A number of hedge funds have recently bought and sold shares of PCYG. Fisher Asset Management LLC purchased a new stake in Park City Group during the 2nd quarter worth approximately $104,000. Pitcairn Co. purchased a new stake in Park City Group during the 3rd quarter worth approximately $128,000. Cowen Prime Services LLC purchased a new stake in Park City Group during the 3rd quarter worth approximately $157,000. LVW Advisors LLC purchased a new stake in Park City Group during the 2nd quarter worth approximately $198,000. Finally, Wedbush Securities Inc. increased its holdings in Park City Group by 9.8% during the 2nd quarter. Wedbush Securities Inc. now owns 88,153 shares of the technology company’s stock worth $696,000 after purchasing an additional 7,897 shares during the last quarter. Institutional investors own 28.00% of the company’s stock.
Several equities research analysts have issued reports on the company. TheStreet downgraded Park City Group from a “b-” rating to a “c+” rating in a report on Tuesday, October 30th. Zacks Investment Research upgraded Park City Group from a “hold” rating to a “buy” rating and set a $9.75 price objective on the stock in a report on Friday, September 21st.
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Park City Group Company Profile
Park City Group, Inc, a software-as-a-service provider, designs, develops, and markets proprietary software products in the United States. The company offers ReposiTrak MarketPlace, a supplier discovery and B2B e-commerce solution that is used for sourcing products, and enables to screen and choose suppliers; ReposiTrak Compliance and Food Safety Solutions, which reduces potential regulatory and legal risk from their supply chain partners; and ReposiTrak Supply Chain Solutions, which enables customers to manage relationships with suppliers.
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