LVW Advisors LLC boosted its position in Park City Group, Inc. (NASDAQ:PCYG) by 80.0% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 45,000 shares of the technology company’s stock after purchasing an additional 20,000 shares during the quarter. LVW Advisors LLC’s holdings in Park City Group were worth $455,000 at the end of the most recent quarter.
A number of other large investors have also recently modified their holdings of the stock. BlackRock Inc. lifted its position in Park City Group by 16.2% in the 2nd quarter. BlackRock Inc. now owns 717,515 shares of the technology company’s stock valued at $5,668,000 after purchasing an additional 100,236 shares during the last quarter. Northern Trust Corp lifted its position in Park City Group by 5.5% in the 1st quarter. Northern Trust Corp now owns 162,515 shares of the technology company’s stock valued at $1,422,000 after purchasing an additional 8,482 shares during the last quarter. Ingalls & Snyder LLC lifted its position in Park City Group by 6.5% in the 3rd quarter. Ingalls & Snyder LLC now owns 136,121 shares of the technology company’s stock valued at $1,375,000 after purchasing an additional 8,330 shares during the last quarter. Wedbush Securities Inc. lifted its position in Park City Group by 9.8% in the 2nd quarter. Wedbush Securities Inc. now owns 88,153 shares of the technology company’s stock valued at $696,000 after purchasing an additional 7,897 shares during the last quarter. Finally, Cowen Prime Services LLC bought a new stake in Park City Group in the 3rd quarter valued at about $157,000. Hedge funds and other institutional investors own 28.00% of the company’s stock.
Several brokerages recently weighed in on PCYG. TheStreet downgraded shares of Park City Group from a “b-” rating to a “c+” rating in a research report on Tuesday, October 30th. Zacks Investment Research upgraded shares of Park City Group from a “sell” rating to a “buy” rating and set a $8.75 price objective on the stock in a research report on Thursday, July 12th.
PCYG stock opened at $8.07 on Tuesday. Park City Group, Inc. has a 52 week low of $6.75 and a 52 week high of $11.75. The stock has a market cap of $168.04 million, a price-to-earnings ratio of 53.80, a P/E/G ratio of 1.50 and a beta of 1.08. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.97 and a current ratio of 2.97.
Park City Group (NASDAQ:PCYG) last released its quarterly earnings results on Thursday, September 13th. The technology company reported $0.06 EPS for the quarter, topping analysts’ consensus estimates of $0.04 by $0.02. Park City Group had a net margin of 15.47% and a return on equity of 9.17%. The company had revenue of $6.32 million for the quarter, compared to the consensus estimate of $6.40 million. On average, research analysts expect that Park City Group, Inc. will post 0.27 EPS for the current year.
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About Park City Group
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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