Park City Group, Inc. (NASDAQ:PCYG) posted its quarterly earnings data on Wednesday, September 13th. The technology company reported $0.03 EPS for the quarter, missing the consensus estimate of $0.05 by ($0.02), Morningstar.com reports. The company had revenue of $5.19 million during the quarter, compared to the consensus estimate of $5.03 million. Park City Group had a net margin of 19.95% and a return on equity of 11.50%.
Shares of Park City Group (NASDAQ PCYG) traded up 1.67% on Friday, hitting $12.15. 54,114 shares of the company’s stock were exchanged. The stock’s 50 day moving average is $12.46 and its 200 day moving average is $12.51. Park City Group has a 12 month low of $10.67 and a 12 month high of $17.00. The firm has a market cap of $235.99 million, a P/E ratio of 81.00 and a beta of 1.44.
Several hedge funds have recently bought and sold shares of the stock. BB&T Investment Services Inc. purchased a new position in shares of Park City Group in the second quarter valued at $668,000. The Manufacturers Life Insurance Company grew its holdings in shares of Park City Group by 15.2% in the second quarter. The Manufacturers Life Insurance Company now owns 11,544 shares of the technology company’s stock valued at $140,000 after purchasing an additional 1,519 shares in the last quarter. State Street Corp grew its holdings in shares of Park City Group by 7.9% in the second quarter. State Street Corp now owns 183,878 shares of the technology company’s stock valued at $2,235,000 after purchasing an additional 13,447 shares in the last quarter. Connors Investor Services Inc. purchased a new position in shares of Park City Group in the second quarter valued at $123,000. Finally, MML Investors Services LLC grew its holdings in shares of Park City Group by 6.0% in the second quarter. MML Investors Services LLC now owns 15,628 shares of the technology company’s stock valued at $190,000 after purchasing an additional 879 shares in the last quarter. 29.02% of the stock is owned by hedge funds and other institutional investors.
A number of research analysts recently commented on PCYG shares. Loop Capital started coverage on shares of Park City Group in a research note on Wednesday, August 2nd. They issued a “buy” rating and a $18.00 price target on the stock. DA Davidson started coverage on shares of Park City Group in a research note on Wednesday, September 6th. They issued a “buy” rating and a $15.00 price target on the stock.
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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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