Park City Group, Inc. (PCYG) Announces Earnings Results, Misses Expectations By $0.02 EPS

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.

ILLEGAL ACTIVITY NOTICE: This piece was first reported by StockNewsTimes and is the property of of StockNewsTimes. If you are viewing this piece on another publication, it was stolen and reposted in violation of U.S. and international copyright legislation. The correct version of this piece can be viewed at https://stocknewstimes.com/2017/09/30/park-city-group-inc-pcyg-posts-earnings-results.html.

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.

Earnings History for Park City Group (NASDAQ:PCYG)

Receive News & Ratings for Park City Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Park City Group Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply