FY2017 Earnings Estimate for Park City Group, Inc. Issued By DA Davidson (PCYG)
Park City Group, Inc. (NASDAQ:PCYG) – Research analysts at DA Davidson issued their FY2017 earnings estimates for shares of Park City Group in a research report issued on Wednesday. DA Davidson analyst T. Forte anticipates that the technology company will post earnings of $0.16 per share for the year. DA Davidson has a “Buy” rating and a $15.00 price objective on the stock. DA Davidson also issued estimates for Park City Group’s Q4 2017 earnings at $0.05 EPS, FY2018 earnings at $0.31 EPS, FY2019 earnings at $0.48 EPS, FY2020 earnings at $0.69 EPS, FY2021 earnings at $0.64 EPS and FY2022 earnings at $0.81 EPS.
Separately, Loop Capital assumed coverage on shares of Park City Group in a research report on Wednesday, August 2nd. They set a “buy” rating and a $18.00 price objective for the company.
Shares of Park City Group (NASDAQ:PCYG) opened at 12.30 on Monday. The company has a 50 day moving average of $12.81 and a 200-day moving average of $12.67. The firm has a market cap of $238.77 million, a price-to-earnings ratio of 96.85 and a beta of 1.44. Park City Group has a one year low of $10.54 and a one year high of $17.00.
Hedge funds have recently added to or reduced their stakes in the stock. Parsons Capital Management Inc. RI increased its position in Park City Group by 657.2% during the 1st quarter. Parsons Capital Management Inc. RI now owns 116,225 shares of the technology company’s stock worth $1,435,000 after purchasing an additional 100,875 shares in the last quarter. Cannell Peter B & Co. Inc. increased its position in Park City Group by 3.4% during the 2nd quarter. Cannell Peter B & Co. Inc. now owns 601,292 shares of the technology company’s stock worth $7,306,000 after purchasing an additional 20,000 shares in the last quarter. Legato Capital Management LLC acquired a new position in Park City Group during the 2nd quarter worth approximately $287,000. Uniplan Investment Counsel Inc. increased its position in Park City Group by 4.9% during the 1st quarter. Uniplan Investment Counsel Inc. now owns 508,301 shares of the technology company’s stock worth $6,277,000 after purchasing an additional 23,911 shares in the last quarter. Finally, UBS Group AG increased its position in Park City Group by 30.2% during the 1st quarter. UBS Group AG now owns 53,594 shares of the technology company’s stock worth $661,000 after purchasing an additional 12,441 shares in the last quarter. Institutional investors and hedge funds own 29.12% of the company’s stock.
About Park City Group
Park City Group, Inc is a software-as-a-service (SaaS) provider. The Company delivers its services through software products designed, developed, marketed and supported by the Company. The Company also has a Professional Services business, which conducts customization, implementation and training. The Company has approximately two services groups, such as The Business Analytics Group and The Professional Services Group.
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