DA Davidson Analysts Cut Earnings Estimates for Park City Group, Inc. (NASDAQ:PCYG)

Park City Group, Inc. (NASDAQ:PCYG) – Research analysts at DA Davidson dropped their FY2019 earnings estimates for Park City Group in a report issued on Monday, June 24th, according to Zacks Investment Research. DA Davidson analyst T. Forte now expects that the technology company will post earnings per share of $0.21 for the year, down from their prior forecast of $0.24. DA Davidson also issued estimates for Park City Group’s Q4 2019 earnings at $0.04 EPS, Q1 2020 earnings at $0.04 EPS, Q2 2020 earnings at $0.09 EPS, Q4 2020 earnings at $0.08 EPS, FY2020 earnings at $0.27 EPS, FY2021 earnings at $0.37 EPS, FY2022 earnings at $0.41 EPS and FY2023 earnings at $0.54 EPS.

Other analysts have also issued research reports about the company. ValuEngine lowered Yext from a “strong-buy” rating to a “buy” rating in a report on Friday, May 10th. Zacks Investment Research upgraded shares of HANNOVER RUECK/S from a “sell” rating to a “hold” rating in a research note on Friday, May 17th.

Shares of NASDAQ:PCYG traded up $0.06 during trading on Wednesday, hitting $5.08. The company’s stock had a trading volume of 39,500 shares, compared to its average volume of 56,722. The firm’s 50-day simple moving average is $5.26. The company has a quick ratio of 3.07, a current ratio of 3.07 and a debt-to-equity ratio of 0.01. The stock has a market capitalization of $100.15 million, a P/E ratio of 33.40, a PEG ratio of 0.89 and a beta of 1.71. Park City Group has a fifty-two week low of $4.94 and a fifty-two week high of $10.33.

Park City Group (NASDAQ:PCYG) last posted its quarterly earnings results on Thursday, May 9th. The technology company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.06 by ($0.01). Park City Group had a net margin of 21.85% and a return on equity of 12.20%. The business had revenue of $5.01 million during the quarter, compared to analyst estimates of $6.00 million.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Rhumbline Advisers lifted its position in Park City Group by 51.6% during the fourth quarter. Rhumbline Advisers now owns 17,098 shares of the technology company’s stock valued at $102,000 after purchasing an additional 5,823 shares during the period. Northern Trust Corp grew its stake in shares of Park City Group by 1.4% in the 4th quarter. Northern Trust Corp now owns 163,000 shares of the technology company’s stock valued at $973,000 after purchasing an additional 2,216 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Park City Group by 4.5% in the 4th quarter. Geode Capital Management LLC now owns 139,959 shares of the technology company’s stock valued at $835,000 after purchasing an additional 5,981 shares during the last quarter. Handelsinvest Investeringsforvaltning purchased a new position in shares of Park City Group in the 1st quarter valued at approximately $80,000. Finally, Parsons Capital Management Inc. RI grew its stake in shares of Park City Group by 10.0% in the 1st quarter. Parsons Capital Management Inc. RI now owns 173,242 shares of the technology company’s stock valued at $1,384,000 after purchasing an additional 15,800 shares during the last quarter. Institutional investors and hedge funds own 27.87% of the company’s stock.

In other news, Director Austin F. Jr. Noll acquired 5,000 shares of the stock in a transaction dated Thursday, May 16th. The shares were bought at an average cost of $6.80 per share, for a total transaction of $34,000.00. Following the purchase, the director now directly owns 97,360 shares of the company’s stock, valued at $662,048. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 39.90% of the stock is owned by insiders.

About Park City Group

Park City Group, Inc, a software-as-a-service provider, designs, develops, and markets proprietary software products in the United States. The company offers ReposiTrak MarketPlace, a supplier discovery and B2B e-commerce solution that is used for sourcing products, and enables to screen and choose suppliers; ReposiTrak Compliance and Food Safety Solutions, which reduces potential regulatory and legal risk from their supply chain partners; and ReposiTrak Supply Chain Solutions, which enables customers to manage relationships with suppliers.

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Earnings History and Estimates for Park City Group (NASDAQ:PCYG)

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