Park City Group (NASDAQ:PCYG) Coverage Initiated at StockNews.com

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

Park City Group Stock Performance

Shares of NASDAQ:PCYG opened at $15.12 on Thursday. The business’s 50 day simple moving average is $14.89 and its two-hundred day simple moving average is $11.94. The firm has a market cap of $274.81 million, a P/E ratio of 56.00 and a beta of 1.10. Park City Group has a 52-week low of $4.80 and a 52-week high of $10.50.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of PCYG. Citigroup Inc. lifted its holdings in shares of Park City Group by 350,300.0% in the third 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. O Shaughnessy Asset Management LLC lifted its holdings in shares of Park City Group by 115.4% in the third 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. Ritholtz Wealth Management bought a new position in shares of Park City Group in the third quarter valued at approximately $177,000. Stifel Financial Corp lifted its holdings in shares of Park City Group by 53.1% in the first quarter. Stifel Financial Corp now owns 54,750 shares of the technology company’s stock valued at $344,000 after purchasing an additional 19,000 shares in the last quarter. Finally, Vanguard Group Inc. lifted its holdings in shares of Park City Group by 2.9% in the third quarter. Vanguard Group Inc. now owns 664,402 shares of the technology company’s stock valued at $5,820,000 after purchasing an additional 18,806 shares in the last quarter. Institutional investors 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.