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

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

Park City Group Stock Performance

Shares of NASDAQ:PCYG opened at $16.03 on Monday. The firm has a fifty day moving average price of $13.50 and a 200 day moving average price of $11.06. Park City Group has a fifty-two week low of $4.80 and a fifty-two week high of $10.50. The firm has a market cap of $291.35 million, a price-to-earnings ratio of 59.37 and a beta of 1.10.

Hedge Funds Weigh In On Park City Group

A number of hedge funds and other institutional investors have recently modified their holdings of PCYG. Dimensional Fund Advisors LP lifted its position in Park City Group by 61.3% during the first quarter. Dimensional Fund Advisors LP now owns 30,012 shares of the technology company’s stock valued at $158,000 after purchasing an additional 11,409 shares during the last quarter. State Street Corp lifted its position in Park City Group by 47.6% during the first quarter. State Street Corp now owns 42,461 shares of the technology company’s stock valued at $224,000 after purchasing an additional 13,687 shares during the last quarter. Goldman Sachs Group Inc. bought a new position in Park City Group during the first quarter valued at $56,000. UBS Group AG lifted its position in Park City Group by 380.8% during the third quarter. UBS Group AG now owns 4,606 shares of the technology company’s stock valued at $25,000 after purchasing an additional 3,648 shares during the last quarter. Finally, Tower Research Capital LLC TRC lifted its position in Park City Group by 686.4% during the third quarter. Tower Research Capital LLC TRC now owns 4,687 shares of the technology company’s stock valued at $25,000 after purchasing an additional 4,091 shares during 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.