BlackRock Inc. increased its position in shares of Park City Group, Inc. (NASDAQ:PCYG) by 1.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 727,260 shares of the technology company’s stock after acquiring an additional 9,745 shares during the period. BlackRock Inc. owned about 3.67% of Park City Group worth $7,345,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also recently made changes to their positions in the stock. Pitcairn Co. bought a new position in shares of Park City Group in the third quarter valued at approximately $128,000. Cowen Prime Services LLC bought a new stake in Park City Group in the 3rd quarter valued at $157,000. LVW Advisors LLC lifted its position in Park City Group by 80.0% during the 3rd quarter. LVW Advisors LLC now owns 45,000 shares of the technology company’s stock worth $455,000 after buying an additional 20,000 shares in the last quarter. Finally, Ingalls & Snyder LLC lifted its position in Park City Group by 6.5% during the 3rd quarter. Ingalls & Snyder LLC now owns 136,121 shares of the technology company’s stock worth $1,375,000 after buying an additional 8,330 shares in the last quarter. Institutional investors and hedge funds own 28.72% of the company’s stock.
PCYG has been the topic of several analyst reports. Zacks Investment Research raised shares of Park City Group from a “hold” rating to a “buy” rating and set a $9.50 price target on the stock in a research report on Friday, February 1st. TheStreet cut shares of Park City Group from a “b-” rating to a “c+” rating in a research report on Tuesday, October 30th. Finally, ValuEngine raised shares of Park City Group from a “sell” rating to a “hold” rating in a research report on Friday, January 11th.
Shares of PCYG stock opened at $8.23 on Tuesday. The company has a current ratio of 2.62, a quick ratio of 2.62 and a debt-to-equity ratio of 0.01. The stock has a market capitalization of $162.99 million, a PE ratio of 54.87, a PEG ratio of 1.49 and a beta of 1.68. Park City Group, Inc. has a 52-week low of $5.64 and a 52-week high of $11.75.
Park City Group (NASDAQ:PCYG) last announced its quarterly earnings results on Thursday, February 7th. The technology company reported $0.08 EPS for the quarter, beating the Zacks’ consensus estimate of $0.05 by $0.03. Park City Group had a net margin of 18.95% and a return on equity of 11.07%. The business had revenue of $5.57 million for the quarter, compared to analyst estimates of $6.13 million. As a group, equities analysts forecast that Park City Group, Inc. will post 0.25 earnings per share for the current year.
Park City Group Company Profile
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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