Park City Group (NASDAQ:PCYG) issued its earnings results on Thursday. The technology company reported $0.04 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.03 by $0.01, Morningstar.com reports. Park City Group had a net margin of 15.47% and a return on equity of 9.17%. The firm had revenue of $5.94 million during the quarter, compared to the consensus estimate of $5.75 million.
NASDAQ:PCYG traded up $0.88 during trading hours on Friday, hitting $9.14. The stock had a trading volume of 111,143 shares, compared to its average volume of 33,761. Park City Group has a one year low of $6.75 and a one year high of $11.75. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.97 and a current ratio of 2.97. The company has a market capitalization of $166.26 million, a PE ratio of 60.93, a PEG ratio of 1.48 and a beta of 1.08.
Several hedge funds have recently modified their holdings of PCYG. BlackRock Inc. increased its position in shares of Park City Group by 16.2% during the second quarter. BlackRock Inc. now owns 717,515 shares of the technology company’s stock worth $5,668,000 after acquiring an additional 100,236 shares in the last quarter. Ingalls & Snyder LLC increased its position in shares of Park City Group by 64.0% during the second quarter. Ingalls & Snyder LLC now owns 127,791 shares of the technology company’s stock worth $1,010,000 after acquiring an additional 49,866 shares in the last quarter. LVW Advisors LLC bought a new stake in shares of Park City Group during the second quarter worth $198,000. FMR LLC increased its position in shares of Park City Group by 1.5% during the third quarter. FMR LLC now owns 1,104,777 shares of the technology company’s stock worth $11,158,000 after acquiring an additional 16,181 shares in the last quarter. Finally, Cowen Prime Services LLC bought a new stake in shares of Park City Group during the third quarter worth $157,000. 28.00% of the stock is owned by institutional investors.
Several equities research analysts have commented on PCYG shares. TheStreet downgraded shares of Park City Group from a “b-” rating to a “c+” rating in a research note on Tuesday, October 30th. Zacks Investment Research downgraded shares of Park City Group from a “buy” rating to a “hold” rating in a research note on Thursday, August 16th.
About Park City Group
Park City Group, Inc, a software-as-a-service provider, designs, develops, and markets proprietary software products in the United States. The company offers ReposiTrak MarketPlace, a supplier discovery and B2B e-commerce solution that is used for sourcing products, and enables to screen and choose suppliers; ReposiTrak Compliance and Food Safety Solutions, which reduces potential regulatory and legal risk from their supply chain partners; and ReposiTrak Supply Chain Solutions, which enables customers to manage relationships with suppliers.
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