Park City Group, Inc. (PCYG) Receives Consensus Recommendation of “Strong Buy” from Brokerages

Shares of Park City Group, Inc. (NASDAQ:PCYG) have earned an average broker rating score of 1.00 (Strong Buy) from the one brokers that cover the company, Zacks Investment Research reports. One investment analyst has rated the stock with a strong buy rating.

Brokerages have set a 12-month consensus price objective of $11.50 for the company and are expecting that the company will post $0.07 earnings per share for the current quarter, according to Zacks. Zacks has also given Park City Group an industry rank of 166 out of 256 based on the ratings given to related companies.

A number of equities analysts recently issued reports on the company. Zacks Investment Research upgraded Park City Group from a “hold” rating to a “buy” rating and set a $9.75 price objective for the company in a report on Tuesday, February 19th. ValuEngine cut Park City Group from a “hold” rating to a “sell” rating in a report on Wednesday, February 20th.

In other Park City Group news, Director Austin F. Jr. Noll acquired 5,000 shares of the company’s stock in a transaction that occurred on Thursday, May 16th. The stock was bought at an average price of $6.80 per share, for a total transaction of $34,000.00. Following the acquisition, the director now directly owns 97,360 shares in the company, valued at $662,048. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 39.90% of the stock is owned by insiders.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Charles Schwab Investment Management Inc. lifted its holdings in shares of Park City Group by 23.2% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 30,812 shares of the technology company’s stock worth $247,000 after buying an additional 5,812 shares during the period. Handelsbanken Fonder AB purchased a new stake in shares of Park City Group in the 1st quarter worth $487,000. Investment Management of Virginia LLC lifted its holdings in shares of Park City Group by 19.6% in the 1st quarter. Investment Management of Virginia LLC now owns 165,173 shares of the technology company’s stock worth $1,320,000 after buying an additional 27,098 shares during the period. Parsons Capital Management Inc. RI lifted its holdings in shares of Park City Group by 10.0% in the 1st 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 during the period. Finally, Handelsinvest Investeringsforvaltning purchased a new stake in shares of Park City Group in the 1st quarter worth $80,000. Institutional investors own 27.87% of the company’s stock.

Shares of NASDAQ PCYG traded down $0.78 during trading hours on Wednesday, hitting $5.27. 54,855 shares of the company traded hands, compared to its average volume of 30,400. The company has a market cap of $118.43 million, a P/E ratio of 35.13, a P/E/G ratio of 1.09 and a beta of 1.76. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.07 and a current ratio of 3.07. Park City Group has a 12 month low of $4.94 and a 12 month high of $10.33.

Park City Group (NASDAQ:PCYG) last posted its quarterly earnings data on Thursday, May 9th. The technology company reported $0.05 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.06 by ($0.01). Park City Group had a net margin of 21.85% and a return on equity of 12.20%. The business had revenue of $5.01 million for the quarter, compared to analysts’ expectations of $6.00 million. As a group, equities analysts predict that Park City Group will post 0.24 EPS for the current year.

Park City Group Company Profile

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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