Park City Group, Inc. (NASDAQ:PCYG) announced its earnings results on Wednesday. The technology company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.05 by ($0.02), Morningstar.com reports. The company had revenue of $5.19 million for the quarter, compared to the consensus estimate of $5.03 million. Park City Group had a net margin of 19.34% and a return on equity of 10.25%.

Park City Group (NASDAQ:PCYG) opened at 12.80 on Thursday. Park City Group has a 52 week low of $10.93 and a 52 week high of $17.00. The company has a 50-day moving average price of $12.73 and a 200-day moving average price of $12.60. The stock has a market cap of $248.47 million, a price-to-earnings ratio of 100.79 and a beta of 1.44.

Several brokerages have recently commented on PCYG. DA Davidson began coverage on Park City Group in a report on Wednesday, September 6th. They set a “buy” rating and a $15.00 price objective for the company. Loop Capital began coverage on Park City Group in a report on Wednesday, August 2nd. They set a “buy” rating and a $18.00 price objective for the company.

COPYRIGHT VIOLATION WARNING: This story was published by American Banking News and is the sole property of of American Banking News. If you are accessing this story on another domain, it was illegally stolen and reposted in violation of United States & international trademark & copyright law. The correct version of this story can be viewed at https://www.americanbankingnews.com/2017/09/14/park-city-group-inc-pcyg-announces-quarterly-earnings-results.html.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in PCYG. Bank of New York Mellon Corp boosted its stake in Park City Group by 4.8% in the first quarter. Bank of New York Mellon Corp now owns 42,095 shares of the technology company’s stock valued at $520,000 after acquiring an additional 1,929 shares in the last quarter. Uniplan Investment Counsel Inc. boosted its stake in Park City Group by 4.9% in the first quarter. Uniplan Investment Counsel Inc. now owns 508,301 shares of the technology company’s stock valued at $6,277,000 after acquiring an additional 23,911 shares in the last quarter. Vanguard Group Inc. boosted its stake in Park City Group by 15.9% in the first quarter. Vanguard Group Inc. now owns 480,981 shares of the technology company’s stock valued at $5,940,000 after acquiring an additional 65,990 shares in the last quarter. Geode Capital Management LLC boosted its stake in Park City Group by 7.8% in the first quarter. Geode Capital Management LLC now owns 115,115 shares of the technology company’s stock valued at $1,421,000 after acquiring an additional 8,310 shares in the last quarter. Finally, UBS Group AG boosted its stake in Park City Group by 30.2% in the first quarter. UBS Group AG now owns 53,594 shares of the technology company’s stock valued at $661,000 after acquiring an additional 12,441 shares in the last quarter. Institutional investors own 29.12% of the company’s stock.

Park City Group Company Profile

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.

Earnings History for Park City Group (NASDAQ:PCYG)

Receive News & Ratings for Park City Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Park City Group Inc. and related companies with MarketBeat.com's FREE daily email newsletter.