BlackRock Inc. boosted its holdings in Park City Group, Inc. (NASDAQ:PCYG) by 1.4% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 727,260 shares of the technology company’s stock after purchasing an additional 9,745 shares during the quarter. BlackRock Inc. owned approximately 3.67% of Park City Group worth $7,345,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors have also recently made changes to their positions in PCYG. Ingalls & Snyder LLC lifted its holdings 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 during the last quarter. LVW Advisors LLC lifted its holdings 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 during the last quarter. Cowen Prime Services LLC bought a new position in Park City Group during the 3rd quarter worth approximately $157,000. Finally, Pitcairn Co. bought a new position in Park City Group during the 3rd quarter worth approximately $128,000. Institutional investors own 29.17% of the company’s stock.
A number of research analysts have commented on the company. Zacks Investment Research cut Park City Group from a “buy” rating to a “hold” rating in a research report on Thursday, February 21st. ValuEngine cut Park City Group from a “hold” rating to a “sell” rating in a research report on Friday, December 28th. Finally, TheStreet cut Park City Group from a “b-” rating to a “c+” rating in a research report on Tuesday, October 30th.
Shares of PCYG stock traded up $0.14 during mid-day trading on Wednesday, hitting $8.09. 12,400 shares of the stock traded hands, compared to its average volume of 26,703. Park City Group, Inc. has a twelve month low of $5.64 and a twelve month high of $11.00. The stock has a market cap of $157.61 million, a PE ratio of 53.93, a price-to-earnings-growth ratio of 1.48 and a beta of 1.68. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.62 and a current ratio of 2.62.
Park City Group (NASDAQ:PCYG) last issued its quarterly earnings results on Thursday, February 7th. The technology company reported $0.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.05 by $0.03. Park City Group had a return on equity of 11.07% and a net margin of 18.95%. The company had revenue of $5.57 million for the quarter, compared to analysts’ expectations of $6.13 million. Equities research analysts predict that Park City Group, Inc. will post 0.27 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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