Stock analysts at StockNews.com initiated coverage on shares of Park City Group (NASDAQ:PCYG – Get Free Report) in a research report issued to clients and investors on Saturday. The brokerage set a “hold” rating on the technology company’s stock.
Park City Group Stock Performance
Shares of NASDAQ PCYG opened at $9.80 on Friday. The firm’s 50-day simple moving average is $15.53 and its 200 day simple moving average is $12.45. The stock has a market cap of $178.12 million, a price-to-earnings ratio of 59.00 and a beta of 1.10. Park City Group has a fifty-two week low of $4.80 and a fifty-two week high of $10.50.
Hedge Funds Weigh In On Park City Group
Hedge funds have recently bought and sold shares of the company. Citigroup Inc. boosted 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 during the last quarter. O Shaughnessy Asset Management LLC lifted 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 acquiring an additional 22,469 shares during the period. Connor Clark & Lunn Investment Management Ltd. purchased a new position in Park City Group in the third quarter worth $125,000. Ingalls & Snyder LLC grew its stake in 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 purchasing an additional 1,805 shares during the period. Finally, Bailard Inc. increased its position in shares of Park City Group by 53.8% during the 3rd quarter. Bailard Inc. now owns 16,299 shares of the technology company’s stock valued at $143,000 after purchasing an additional 5,699 shares during 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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