Park City Group Inc. (PCYG) Receives Buy Rating from Arden Partners Ltd
Park City Group Inc. (NASDAQ:PCYG)‘s stock had its “buy” rating reaffirmed by stock analysts at Arden Partners Ltd in a research report issued on Friday.
Shares of Park City Group (NASDAQ:PCYG) opened at 11.93 on Friday. The firm’s market capitalization is $230.08 million. Park City Group has a 12 month low of $5.98 and a 12 month high of $12.49. The company’s 50 day moving average price is $10.22 and its 200-day moving average price is $9.53.
Park City Group (NASDAQ:PCYG) last posted its earnings results on Wednesday, September 7th. The company reported ($0.27) EPS for the quarter. The firm had revenue of $3.80 million for the quarter, compared to analysts’ expectations of $3.40 million. Park City Group had a return on equity of 1.50% and a net margin of 4.76%. On average, equities analysts predict that Park City Group will post $0.14 earnings per share for the current fiscal year.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at http://www.americanbankingnews.com/2016/09/24/park-city-group-inc-pcyg-receives-buy-rating-from-arden-partners-ltd.html
Hedge funds have recently bought and sold shares of the company. Teachers Advisors Inc. increased its stake in Park City Group by 22.5% in the second quarter. Teachers Advisors Inc. now owns 17,996 shares of the company’s stock worth $161,000 after buying an additional 3,309 shares during the last quarter. California State Teachers Retirement System increased its stake in Park City Group by 19.6% in the second quarter. California State Teachers Retirement System now owns 27,100 shares of the company’s stock worth $243,000 after buying an additional 4,437 shares during the last quarter. Wedbush Securities Inc. increased its stake in Park City Group by 0.5% in the second quarter. Wedbush Securities Inc. now owns 38,237 shares of the company’s stock worth $343,000 after buying an additional 208 shares during the last quarter. Bank of New York Mellon Corp increased its stake in Park City Group by 9.9% in the second quarter. Bank of New York Mellon Corp now owns 40,775 shares of the company’s stock worth $365,000 after buying an additional 3,683 shares during the last quarter. Finally, BlackRock Investment Management LLC increased its stake in Park City Group by 15.4% in the second quarter. BlackRock Investment Management LLC now owns 44,273 shares of the company’s stock worth $397,000 after buying an additional 5,905 shares during the last quarter. Institutional investors own 26.98% of the company’s stock.
About Park City Group
Park City Group, Inc is a software-as-a-service provider. The Company delivers its services through software products designed, developed, marketed and supported by the Company. The Company’s product markets include multi-store retail and convenience store chains, branded food manufacturers, suppliers and distributors, and manufacturing companies.
Receive News & Ratings for Park City Group Inc. Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Park City Group Inc. and related companies with MarketBeat.com’s FREE daily email newsletter.