Zacks Investment Research upgraded shares of Park City Group (NASDAQ:PCYG) from a hold rating to a buy rating in a research note issued to investors on Friday. They currently have $8.25 target price on the technology company’s stock.
According to Zacks, “Park City Group offers a robust set of solutions and it capitalizes on its prestigious user base as customers rapidly deploy and license additional software for their multi-location businesses. Park City Group was founded by Randy Fields, the co-founder and former chairman of Mrs. Fields Cookies. Public since May 2001, the company’s strategy is to rapidly expand its market share within the grocery and specialty retail sectors. “
PCYG has been the topic of several other research reports. ValuEngine lowered shares of Park City Group from a hold rating to a sell rating in a research report on Friday, December 28th. TheStreet upgraded shares of Park City Group from a c+ rating to a b- rating in a research report on Monday, October 1st.
Shares of NASDAQ:PCYG opened at $7.52 on Friday. The company has a current ratio of 2.50, a quick ratio of 2.50 and a debt-to-equity ratio of 0.01. The company has a market cap of $144.37 million, a P/E ratio of 50.13, a PEG ratio of 1.39 and a beta of 1.32. Park City Group has a 12 month low of $5.64 and a 12 month high of $11.75.
Park City Group (NASDAQ:PCYG) last posted its quarterly earnings results on Thursday, November 8th. The technology company reported $0.04 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.03 by $0.01. The firm had revenue of $5.94 million for the quarter, compared to analyst estimates of $5.75 million. Park City Group had a net margin of 17.38% and a return on equity of 10.52%. As a group, analysts anticipate that Park City Group will post 0.25 earnings per share for the current fiscal year.
Institutional investors have recently bought and sold shares of the business. Pitcairn Co. purchased a new position in Park City Group during the 3rd quarter worth approximately $128,000. Cowen Prime Services LLC purchased a new position in Park City Group during the 3rd quarter worth approximately $157,000. LVW Advisors LLC grew its position in Park City Group by 80.0% during the 3rd quarter. LVW Advisors LLC now owns 45,000 shares of the technology company’s stock worth $455,000 after purchasing an additional 20,000 shares in the last quarter. Ingalls & Snyder LLC grew its position in Park City Group by 6.5% during the 3rd quarter. Ingalls & Snyder LLC now owns 136,121 shares of the technology company’s stock worth $1,375,000 after purchasing an additional 8,330 shares in the last quarter. Finally, BlackRock Inc. grew its position in Park City Group by 16.2% during the 2nd quarter. BlackRock Inc. now owns 717,515 shares of the technology company’s stock worth $5,668,000 after purchasing an additional 100,236 shares in the last quarter. Hedge funds and other institutional investors own 28.75% of the company’s stock.
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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