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

StockNews.com started coverage on shares of Park City Group (NASDAQ:PCYG) in a research report report published on Thursday. The firm issued a hold rating on the technology company’s stock.

Park City Group Trading Down 0.3 %

Shares of Park City Group stock opened at $15.87 on Thursday. Park City Group has a 1-year low of $4.80 and a 1-year high of $10.50. The firm’s 50-day moving average price is $16.25 and its two-hundred day moving average price is $13.85. The stock has a market capitalization of $288.44 million, a price-to-earnings ratio of 58.78 and a beta of 1.10.

Hedge Funds Weigh In On Park City Group

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Citigroup Inc. lifted its position in shares of 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 in the last quarter. O Shaughnessy Asset Management LLC lifted its holdings in Park City Group by 115.4% during the 3rd quarter. O Shaughnessy Asset Management LLC now owns 41,932 shares of the technology company’s stock worth $367,000 after buying an additional 22,469 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new position in Park City Group in the 3rd quarter valued at $125,000. 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.