StockNews.com initiated coverage on shares of Park City Group (NASDAQ:PCYG - Free Report) in a research note published on Wednesday. The firm issued a hold rating on the technology company's stock.
Park City Group Stock Performance
Park City Group stock traded down $0.06 during trading hours on Wednesday, reaching $17.33. 63,354 shares of the stock were exchanged, compared to its average volume of 32,501. The stock has a market cap of $314.97 million, a P/E ratio of 64.19 and a beta of 1.10. Park City Group has a 52-week low of $4.80 and a 52-week high of $10.50. The firm's 50 day moving average is $14.42 and its 200 day moving average is $11.62.
Hedge Funds Weigh In On Park City Group
A number of large investors have recently made changes to their positions in PCYG. Dimensional Fund Advisors LP increased its holdings in shares of Park City Group by 61.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 30,012 shares of the technology company's stock valued at $158,000 after purchasing an additional 11,409 shares in the last quarter. State Street Corp grew its stake in Park City Group by 47.6% in the 1st quarter. State Street Corp now owns 42,461 shares of the technology company's stock valued at $224,000 after acquiring an additional 13,687 shares during the last quarter. Goldman Sachs Group Inc. acquired a new stake in Park City Group in the 1st quarter valued at about $56,000. UBS Group AG grew its stake in Park City Group by 380.8% in the 3rd quarter. UBS Group AG now owns 4,606 shares of the technology company's stock valued at $25,000 after acquiring an additional 3,648 shares during the last quarter. Finally, Tower Research Capital LLC TRC grew its stake in Park City Group by 686.4% in the 3rd quarter. Tower Research Capital LLC TRC now owns 4,687 shares of the technology company's stock valued at $25,000 after acquiring an additional 4,091 shares during the last quarter. Hedge funds and other institutional investors own 26.36% of the company's stock.
About Park City Group
(
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Park City Group, Inc, a software-as-a-service provider, designs, develops, and markets proprietary software products in North America. The company offers ReposiTrak MarketPlace, a supplier discovery and B2B e-commerce solution; ReposiTrak Compliance and Food Safety solutions, which reduces potential regulatory and legal risk from their supply chain partners; and ReposiTrak Supply Chain solutions that enables customers to manage relationships with suppliers.
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