Park City Group, Inc. (PCYG) Given Consensus Rating of “Strong Buy” by Analysts

Shares of Park City Group, Inc. (NASDAQ:PCYG) have earned an average broker rating score of 1.00 (Strong Buy) from the two analysts that cover the stock, Zacks Investment Research reports. Two equities research analysts have rated the stock with a strong buy rating.

Brokerages have set a 1 year consensus price objective of $16.50 for the company and are expecting that the company will post $0.06 EPS for the current quarter, according to Zacks. Zacks has also given Park City Group an industry rank of 172 out of 265 based on the ratings given to related companies.

PCYG has been the subject of a number of recent analyst reports. Zacks Investment Research cut shares of Park City Group from a “hold” rating to a “sell” rating in a research report on Wednesday, November 8th. DA Davidson initiated coverage on shares of Park City Group in a research report on Wednesday, September 6th. They set a “buy” rating and a $15.00 price target for the company.

Institutional investors have recently modified their holdings of the stock. Neuberger Berman Group LLC acquired a new position in Park City Group in the 2nd quarter valued at $122,000. Connors Investor Services Inc. purchased a new stake in shares of Park City Group during the 2nd quarter worth $123,000. The Manufacturers Life Insurance Company boosted its position in shares of Park City Group by 15.2% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 11,544 shares of the technology company’s stock worth $140,000 after purchasing an additional 1,519 shares in the last quarter. Rhumbline Advisers boosted its position in shares of Park City Group by 3.4% during the 2nd quarter. Rhumbline Advisers now owns 12,555 shares of the technology company’s stock worth $153,000 after purchasing an additional 415 shares in the last quarter. Finally, Ingalls & Snyder LLC purchased a new stake in shares of Park City Group during the 2nd quarter worth $185,000. Institutional investors own 31.11% of the company’s stock.

Park City Group (NASDAQ:PCYG) opened at $11.00 on Friday. Park City Group has a 52 week low of $9.95 and a 52 week high of $17.00. The stock has a market cap of $213.91, a P/E ratio of 87.31, a price-to-earnings-growth ratio of 2.46 and a beta of 1.36. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.29 and a current ratio of 2.29.

Park City Group (NASDAQ:PCYG) last released its quarterly earnings data on Wednesday, September 13th. The technology company reported $0.03 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.05 by ($0.02). Park City Group had a return on equity of 10.33% and a net margin of 17.98%. The firm had revenue of $5.19 million for the quarter, compared to analyst estimates of $5.03 million. equities research analysts expect that Park City Group will post 0.21 earnings per share for the current fiscal year.

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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.

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