Park City Group, Inc. (NASDAQ:PCYG) has earned an average broker rating score of 1.00 (Strong Buy) from the two brokers that provide coverage for the company, Zacks Investment Research reports. Two investment analysts have rated the stock with a strong buy rating.
Brokerages have set a 12-month consensus target price of $17.00 for the company and are expecting that the company will post $0.05 earnings per share for the current quarter, according to Zacks. Zacks has also given Park City Group an industry rank of 79 out of 265 based on the ratings given to its competitors.
Separately, Zacks Investment Research cut shares of Park City Group from a “hold” rating to a “sell” rating in a research report on Wednesday, February 14th.
PCYG stock traded up $0.15 during midday trading on Friday, hitting $9.25. The company’s stock had a trading volume of 2,264 shares, compared to its average volume of 59,849. The company has a quick ratio of 2.78, a current ratio of 2.78 and a debt-to-equity ratio of 0.05. Park City Group has a 52-week low of $8.10 and a 52-week high of $15.00. The stock has a market capitalization of $172.82, a PE ratio of 67.69, a P/E/G ratio of 2.11 and a beta of 0.97.
Park City Group (NASDAQ:PCYG) last issued its quarterly earnings results on Thursday, February 8th. The technology company reported $0.06 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.05 by $0.01. Park City Group had a net margin of 17.02% and a return on equity of 9.91%. The company had revenue of $5.73 million during the quarter, compared to analysts’ expectations of $5.71 million. analysts expect that Park City Group will post 0.19 EPS for the current fiscal year.
A number of hedge funds have recently modified their holdings of PCYG. Accredited Investors Inc. acquired a new position in shares of Park City Group in the 4th quarter valued at $104,000. The Manufacturers Life Insurance Company lifted its stake in Park City Group by 15.2% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 11,544 shares of the technology company’s stock worth $140,000 after purchasing an additional 1,519 shares in the last quarter. Virtu Financial LLC acquired a new stake in Park City Group in the 4th quarter valued at approximately $133,000. Goldman Sachs Group Inc. acquired a new stake in Park City Group in the 4th quarter valued at approximately $149,000. Finally, Wells Fargo & Company MN boosted its position in Park City Group by 45.9% in the 3rd quarter. Wells Fargo & Company MN now owns 16,452 shares of the technology company’s stock valued at $200,000 after buying an additional 5,173 shares during the period. 33.71% of the stock is owned by institutional investors.
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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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