Randall K. Fields Acquires 2,200 Shares of Park City Group, Inc. (PCYG) Stock

Park City Group, Inc. (NASDAQ:PCYG) insider Randall K. Fields bought 2,200 shares of the firm’s stock in a transaction that occurred on Thursday, May 16th. The shares were purchased at an average cost of $6.87 per share, for a total transaction of $15,114.00. Following the completion of the transaction, the insider now owns 3,708,289 shares of the company’s stock, valued at $25,475,945.43. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

PCYG stock traded down $0.68 during trading on Thursday, reaching $6.33. 45,496 shares of the stock were exchanged, compared to its average volume of 24,881. Park City Group, Inc. has a twelve month low of $5.64 and a twelve month high of $10.33. The company has a market cap of $125.78 million, a PE ratio of 42.20, a price-to-earnings-growth ratio of 1.23 and a beta of 1.58. The company has a quick ratio of 2.62, a current ratio of 3.07 and a debt-to-equity ratio of 0.01.

Park City Group (NASDAQ:PCYG) last released its earnings results on Thursday, May 9th. The technology company reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.01). Park City Group had a return on equity of 12.20% and a net margin of 21.85%. The firm had revenue of $5.01 million for the quarter, compared to analyst estimates of $6.00 million. On average, equities research analysts anticipate that Park City Group, Inc. will post 0.27 EPS for the current year.

Hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. grew its position in Park City Group by 1.4% during the third quarter. BlackRock Inc. now owns 727,260 shares of the technology company’s stock worth $7,345,000 after buying an additional 9,745 shares in the last quarter. Parsons Capital Management Inc. RI grew its position in Park City Group by 10.0% during the first quarter. Parsons Capital Management Inc. RI now owns 173,242 shares of the technology company’s stock worth $1,384,000 after buying an additional 15,800 shares in the last quarter. Vanguard Group Inc grew its position in Park City Group by 0.3% during the third quarter. Vanguard Group Inc now owns 638,572 shares of the technology company’s stock worth $6,450,000 after buying an additional 1,752 shares in the last quarter. Baker Ellis Asset Management LLC acquired a new stake in Park City Group during the fourth quarter worth about $110,000. Finally, Ingalls & Snyder LLC grew its position in Park City Group by 2.5% during the fourth quarter. Ingalls & Snyder LLC now owns 139,511 shares of the technology company’s stock worth $833,000 after buying an additional 3,390 shares in the last quarter. 28.19% of the stock is currently owned by institutional investors and hedge funds.

PCYG has been the topic of a number of recent research reports. Zacks Investment Research raised Park City Group from a “hold” rating to a “buy” rating and set a $8.75 target price on the stock in a research report on Saturday, January 26th. ValuEngine downgraded Park City Group from a “hold” rating to a “sell” rating in a research report on Wednesday, February 20th.

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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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