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

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

Park City Group Stock Up 0.4 %

PCYG stock opened at $16.86 on Monday. The firm has a market capitalization of $306.43 million, a PE ratio of 62.44 and a beta of 1.10. Park City Group has a twelve month low of $4.80 and a twelve month high of $10.50. The stock has a 50-day simple moving average of $16.08 and a two-hundred day simple moving average of $13.08.

Institutional Trading of Park City Group

A number of large investors have recently modified their holdings of the business. O Shaughnessy Asset Management LLC boosted its position in shares of 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 valued at $367,000 after acquiring an additional 22,469 shares during the last quarter. Citigroup Inc. boosted its position in shares of Park City Group by 350,300.0% during the 3rd quarter. Citigroup Inc. now owns 28,032 shares of the technology company’s stock valued at $246,000 after acquiring an additional 28,024 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Park City Group during the 3rd quarter valued at about $125,000. 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.