Cowen Prime Services LLC acquired a new position in Park City Group, Inc. (NASDAQ:PCYG) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 15,500 shares of the technology company’s stock, valued at approximately $157,000. Cowen Prime Services LLC owned approximately 0.08% of Park City Group as of its most recent SEC filing.
Several other large investors have also modified their holdings of PCYG. Fisher Asset Management LLC purchased a new position in shares of Park City Group in the 2nd quarter worth approximately $104,000. LVW Advisors LLC purchased a new stake in Park City Group during the 2nd quarter worth approximately $198,000. Wedbush Securities Inc. grew its position in Park City Group by 9.8% during the 2nd quarter. Wedbush Securities Inc. now owns 88,153 shares of the technology company’s stock worth $696,000 after purchasing an additional 7,897 shares during the last quarter. Ingalls & Snyder LLC grew its position in Park City Group by 64.0% during the 2nd quarter. Ingalls & Snyder LLC now owns 127,791 shares of the technology company’s stock worth $1,010,000 after purchasing an additional 49,866 shares during the last quarter. Finally, Northern Trust Corp grew its position in Park City Group by 5.5% during the 1st quarter. Northern Trust Corp now owns 162,515 shares of the technology company’s stock worth $1,422,000 after purchasing an additional 8,482 shares during the last quarter. 28.70% of the stock is owned by institutional investors and hedge funds.
NASDAQ PCYG traded up $0.08 on Thursday, hitting $8.36. 32,922 shares of the company’s stock traded hands, compared to its average volume of 40,670. The company has a current ratio of 2.50, a quick ratio of 2.50 and a debt-to-equity ratio of 0.01. Park City Group, Inc. has a 1-year low of $6.75 and a 1-year high of $11.75. The stock has a market cap of $163.98 million, a price-to-earnings ratio of 55.73, a PEG ratio of 1.58 and a beta of 1.08.
Park City Group (NASDAQ:PCYG) last announced its quarterly earnings data on Thursday, November 8th. The technology company reported $0.04 EPS for the quarter, beating the consensus estimate of $0.03 by $0.01. Park City Group had a net margin of 17.38% and a return on equity of 10.52%. The business had revenue of $5.94 million during the quarter, compared to analysts’ expectations of $5.75 million. Analysts forecast that Park City Group, Inc. will post 0.25 EPS for the current year.
Several analysts have weighed in on PCYG shares. TheStreet raised shares of Park City Group from a “c+” rating to a “b-” rating in a research report on Monday, October 1st. Zacks Investment Research raised shares of Park City Group from a “hold” rating to a “buy” rating and set a $9.75 target price on the stock in a research report on Friday, September 21st.
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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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