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

Shares of Park City Group, Inc. (NASDAQ:PCYG) have been given an average broker rating score of 1.00 (Strong Buy) from the two brokers that provide coverage for the company, Zacks Investment Research reports. Two investment analysts have rated the stock with a strong buy recommendation.

Brokers have set a one year consensus price objective of $16.50 for the company and are anticipating that the company will post $0.06 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Park City Group an industry rank of 199 out of 265 based on the ratings given to its competitors.

A number of equities analysts have issued reports on the company. Zacks Investment Research downgraded Park City Group from a “hold” rating to a “sell” rating in a research report on Wednesday, November 8th. DA Davidson assumed coverage on Park City Group in a research report on Wednesday, September 6th. They set a “buy” rating and a $15.00 price target on the stock.

A number of hedge funds have recently modified their holdings of the business. Uniplan Investment Counsel Inc. boosted its position in Park City Group by 602.3% during the third quarter. Uniplan Investment Counsel Inc. now owns 590,569 shares of the technology company’s stock worth $7,175,000 after purchasing an additional 506,477 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Park City Group by 1.4% during the second quarter. Vanguard Group Inc. now owns 487,511 shares of the technology company’s stock valued at $5,923,000 after acquiring an additional 6,530 shares during the last quarter. State Street Corp raised its holdings in shares of Park City Group by 7.9% during the second quarter. State Street Corp now owns 183,878 shares of the technology company’s stock valued at $2,235,000 after acquiring an additional 13,447 shares during the last quarter. Northern Trust Corp raised its holdings in shares of Park City Group by 7.6% during the second quarter. Northern Trust Corp now owns 156,991 shares of the technology company’s stock valued at $1,908,000 after acquiring an additional 11,039 shares during the last quarter. Finally, Parsons Capital Management Inc. RI raised its holdings in shares of Park City Group by 15.2% during the third quarter. Parsons Capital Management Inc. RI now owns 153,575 shares of the technology company’s stock valued at $1,866,000 after acquiring an additional 20,300 shares during the last quarter. Institutional investors own 31.11% of the company’s stock.

Shares of Park City Group (NASDAQ PCYG) traded up $0.15 during mid-day trading on Thursday, reaching $9.60. The company’s stock had a trading volume of 32,559 shares, compared to its average volume of 52,133. The stock has a market capitalization of $183.77, a P/E ratio of 68.57, a P/E/G ratio of 2.06 and a beta of 1.34. The company has a quick ratio of 2.29, a current ratio of 2.29 and a debt-to-equity ratio of 0.06. Park City Group has a 52 week low of $9.15 and a 52 week high of $17.00.

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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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