New York State Common Retirement Fund Decreases Position in Park City Group, Inc. (PCYG)

New York State Common Retirement Fund cut its holdings in shares of Park City Group, Inc. (NASDAQ:PCYG) by 0.0% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 13,300 shares of the technology company’s stock after selling 1 shares during the period. New York State Common Retirement Fund owned about 0.07% of Park City Group worth $162,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Neuberger Berman Group LLC acquired a new position in Park City Group during the second quarter valued at $122,000. Rhumbline Advisers lifted its position in Park City Group by 3.4% during the second quarter. Rhumbline Advisers now owns 12,555 shares of the technology company’s stock valued at $153,000 after purchasing an additional 415 shares during the period. Ingalls & Snyder LLC acquired a new position in Park City Group during the second quarter valued at $185,000. Teachers Advisors LLC lifted its position in Park City Group by 0.4% during the second quarter. Teachers Advisors LLC now owns 19,590 shares of the technology company’s stock valued at $238,000 after purchasing an additional 74 shares during the period. Finally, Bank of New York Mellon Corp lifted its position in Park City Group by 4.8% during the first quarter. Bank of New York Mellon Corp now owns 42,095 shares of the technology company’s stock valued at $520,000 after purchasing an additional 1,929 shares during the period. Institutional investors own 28.07% of the company’s stock.

Park City Group, Inc. (PCYG) opened at $11.20 on Monday. The stock has a market cap of $217.81, a price-to-earnings ratio of 86.15, a P/E/G ratio of 2.42 and a beta of 1.36. Park City Group, Inc. has a 1 year low of $9.95 and a 1 year high of $17.00. The company has a current ratio of 2.29, a quick ratio of 2.29 and a debt-to-equity ratio of 0.06.

Park City Group (NASDAQ:PCYG) last posted its earnings results on Wednesday, September 13th. The technology company reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.02). The business had revenue of $5.19 million for the quarter, compared to analyst estimates of $5.03 million. Park City Group had a net margin of 17.98% and a return on equity of 10.33%. equities analysts anticipate that Park City Group, Inc. will post 0.21 EPS for the current fiscal year.

A number of research analysts recently issued reports on PCYG shares. Zacks Investment Research downgraded shares of Park City Group from a “hold” rating to a “sell” rating in a research report on Wednesday, November 8th. DA Davidson started coverage on shares of Park City Group in a research report on Wednesday, September 6th. They set a “buy” rating and a $15.00 target price for the company. Finally, Loop Capital started coverage on shares of Park City Group in a research report on Wednesday, August 2nd. They set a “buy” rating and a $18.00 target price for the company.

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About Park City Group

Park City Group, Inc is a software-as-a-service (SaaS) provider. The Company delivers its services through software products designed, developed, marketed and supported by the Company. The Company also has a Professional Services business, which conducts customization, implementation and training. The Company has approximately two services groups, such as The Business Analytics Group and The Professional Services Group.

Institutional Ownership by Quarter for Park City Group (NASDAQ:PCYG)

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