Published On: Sat, Sep 24th, 2016

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.

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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.

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