StockNews.com started coverage on shares of Park City Group (NASDAQ:PCYG – Free Report) in a research note issued to investors on Saturday morning. The brokerage issued a hold rating on the technology company’s stock.
Park City Group Price Performance
Shares of NASDAQ:PCYG traded up $0.28 on Friday, reaching $15.93. The company’s stock had a trading volume of 23,478 shares, compared to its average volume of 32,501. The stock’s 50-day moving average is $15.53 and its two-hundred day moving average is $12.43. Park City Group has a 52-week low of $4.80 and a 52-week high of $10.50. The stock has a market capitalization of $289.53 million, a P/E ratio of 59.00 and a beta of 1.10.
Institutional Investors Weigh In On Park City Group
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Ingalls & Snyder LLC raised its holdings in shares of Park City Group by 1.1% in the third quarter. Ingalls & Snyder LLC now owns 169,162 shares of the technology company’s stock valued at $1,482,000 after buying an additional 1,805 shares during the last quarter. Bailard Inc. raised its holdings in Park City Group by 53.8% during the third quarter. Bailard Inc. now owns 16,299 shares of the technology company’s stock worth $143,000 after purchasing an additional 5,699 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. purchased a new position in Park City Group during the third quarter worth about $125,000. O Shaughnessy Asset Management LLC raised its holdings in Park City Group by 115.4% during the third quarter. O Shaughnessy Asset Management LLC now owns 41,932 shares of the technology company’s stock worth $367,000 after purchasing an additional 22,469 shares in the last quarter. Finally, Citigroup Inc. raised its holdings in Park City Group by 350,300.0% during the third quarter. Citigroup Inc. now owns 28,032 shares of the technology company’s stock worth $246,000 after purchasing an additional 28,024 shares in the last quarter. 26.36% of the stock is owned by hedge funds and other 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.
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