Park City Group (NASDAQ:PCYG) Rating Lowered to Sell at Zacks Investment Research

Zacks Investment Research lowered shares of Park City Group (NASDAQ:PCYG) from a hold rating to a sell rating in a research report report published on Wednesday, February 14th.

According to Zacks, “Park City Group offers a robust set of solutions and it capitalizes on its prestigious user base as customers rapidly deploy and license additional software for their multi-location businesses. Park City Group was founded by Randy Fields, the co-founder and former chairman of Mrs. Fields Cookies. Public since May 2001, the company’s strategy is to rapidly expand its market share within the grocery and specialty retail sectors. “

Park City Group (NASDAQ PCYG) opened at $11.00 on Wednesday. The company has a market cap of $221.91, a PE ratio of 86.92, a price-to-earnings-growth ratio of 2.45 and a beta of 1.11. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.78 and a current ratio of 2.78. Park City Group has a one year low of $8.10 and a one year high of $15.10.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Uniplan Investment Counsel Inc. lifted its stake in Park City Group by 602.3% during the third quarter. Uniplan Investment Counsel Inc. now owns 590,569 shares of the technology company’s stock worth $7,175,000 after purchasing an additional 506,477 shares during the period. Pembroke Management LTD bought a new position in Park City Group during the fourth quarter worth about $5,239,000. Vanguard Group Inc. lifted its stake in Park City Group by 1.4% during the second quarter. Vanguard Group Inc. now owns 487,511 shares of the technology company’s stock worth $5,923,000 after purchasing an additional 6,530 shares during the period. State Street Corp raised its stake 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 acquiring an additional 13,447 shares during the last quarter. Finally, Northern Trust Corp raised its stake in shares of Park City Group by 7.6% in the second quarter. Northern Trust Corp now owns 156,991 shares of the technology company’s stock valued at $1,908,000 after acquiring an additional 11,039 shares during the last quarter. Hedge funds and other institutional investors own 32.55% of the company’s stock.

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About Park City Group

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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