StockNews.com Begins Coverage on Park City Group (NASDAQ:PCYG)

Research analysts at StockNews.com assumed coverage on shares of Park City Group (NASDAQ:PCYG) in a research report issued on Friday. The firm set a “hold” rating on the technology company’s stock.

Park City Group Stock Up 3.7 %

Shares of PCYG stock opened at $16.23 on Friday. The stock has a market cap of $294.98 million, a PE ratio of 60.11 and a beta of 1.10. The business has a 50-day simple moving average of $15.23 and a 200-day simple moving average of $12.17. Park City Group has a 52-week low of $4.80 and a 52-week high of $10.50.

Hedge Funds Weigh In On Park City Group

Several institutional investors and hedge funds have recently modified their holdings of PCYG. Bailard Inc. lifted its holdings in shares of Park City Group by 53.8% in the 3rd quarter. Bailard Inc. now owns 16,299 shares of the technology company’s stock valued at $143,000 after buying an additional 5,699 shares during the period. Ingalls & Snyder LLC lifted its holdings in shares of Park City Group by 1.1% in the 3rd 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 period. Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of Park City Group in the 3rd quarter valued at about $125,000. O Shaughnessy Asset Management LLC increased its stake in shares of Park City Group by 115.4% in the 3rd quarter. O Shaughnessy Asset Management LLC now owns 41,932 shares of the technology company’s stock valued at $367,000 after purchasing an additional 22,469 shares in the last quarter. Finally, Citigroup Inc. increased its stake in shares of Park City Group by 350,300.0% in the 3rd quarter. Citigroup Inc. now owns 28,032 shares of the technology company’s stock valued at $246,000 after purchasing an additional 28,024 shares in the last quarter. Institutional investors and hedge funds own 26.36% 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 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.