Equities research analysts at StockNews.com began coverage on shares of Park City Group (NASDAQ:PCYG – Get Free Report) in a note issued to investors on Thursday. The brokerage set a “hold” rating on the technology company’s stock.
Park City Group Price Performance
Shares of PCYG opened at $15.10 on Thursday. The firm’s 50 day moving average is $14.77 and its 200-day moving average is $11.87. The stock has a market capitalization of $274.44 million, a P/E ratio of 55.93 and a beta of 1.10. Park City Group has a 12-month low of $4.80 and a 12-month high of $10.50.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently made changes to their positions in the company. Barclays PLC acquired a new position in shares of Park City Group in the third quarter worth about $26,000. Qube Research & Technologies Ltd acquired a new position in shares of Park City Group in the third quarter worth about $27,000. UBS Group AG boosted its holdings in shares of Park City Group by 380.8% in the third quarter. UBS Group AG now owns 4,606 shares of the technology company’s stock worth $25,000 after buying an additional 3,648 shares during the period. Tower Research Capital LLC TRC boosted its holdings in shares of Park City Group by 686.4% in the third quarter. Tower Research Capital LLC TRC now owns 4,687 shares of the technology company’s stock worth $25,000 after buying an additional 4,091 shares during the period. Finally, Goldman Sachs Group Inc. acquired a new position in shares of Park City Group in the first quarter worth about $56,000. 26.36% of the stock is currently owned by institutional investors and hedge funds.
About Park City Group
Park City Group, Inc, a software-as-a-service provider, designs, develops, and markets proprietary software products in North America. The company offers ReposiTrak MarketPlace, a supplier discovery and B2B e-commerce solution; ReposiTrak Compliance and Food Safety solutions, which reduces potential regulatory and legal risk from their supply chain partners; and ReposiTrak Supply Chain solutions that enables customers to manage relationships with suppliers.
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