Essex Investment Management Co. LLC purchased a new position in Park City Group, Inc. (NASDAQ:PCYG) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 79,554 shares of the technology company’s stock, valued at approximately $967,000. Essex Investment Management Co. LLC owned 0.41% of Park City Group at the end of the most recent quarter.
Several other large investors also recently bought and sold shares of the stock. Parsons Capital Management Inc. RI raised its holdings in shares of Park City Group by 15.2% in the 3rd quarter. Parsons Capital Management Inc. RI now owns 153,575 shares of the technology company’s stock worth $1,866,000 after purchasing an additional 20,300 shares during the period. Ingalls & Snyder LLC raised its holdings in Park City Group by 42.1% during the 3rd quarter. Ingalls & Snyder LLC now owns 21,620 shares of the technology company’s stock valued at $263,000 after acquiring an additional 6,405 shares during the period. BB&T Investment Services Inc. bought a new stake in Park City Group during the 2nd quarter valued at $668,000. The Manufacturers Life Insurance Company raised its holdings in Park City Group by 15.2% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 11,544 shares of the technology company’s stock valued at $140,000 after acquiring an additional 1,519 shares during the period. Finally, State Street Corp raised its holdings in Park City Group by 7.9% during the 2nd quarter. State Street Corp now owns 183,878 shares of the technology company’s stock valued at $2,235,000 after acquiring an additional 13,447 shares during the period. 28.92% of the stock is currently owned by institutional investors.
Shares of Park City Group, Inc. (NASDAQ:PCYG) opened at $11.15 on Friday. The company has a current ratio of 2.29, a quick ratio of 2.29 and a debt-to-equity ratio of 0.06. Park City Group, Inc. has a 1-year low of $9.95 and a 1-year high of $17.00. The stock has a market cap of $216.58, a price-to-earnings ratio of 74.33, a price-to-earnings-growth ratio of 2.11 and a beta of 1.36.
Park City Group (NASDAQ:PCYG) last issued its earnings results on Wednesday, September 13th. The technology company reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.02). Park City Group had a net margin of 19.95% and a return on equity of 11.50%. The business had revenue of $5.19 million for the quarter, compared to the consensus estimate of $5.03 million. equities research analysts forecast that Park City Group, Inc. will post 0.24 earnings per share for the current fiscal year.
A number of equities research analysts have issued reports on the stock. DA Davidson assumed coverage on shares of Park City Group in a report on Wednesday, September 6th. They set a “buy” rating and a $15.00 target price on the stock. Loop Capital assumed coverage on shares of Park City Group in a report on Wednesday, August 2nd. They set a “buy” rating and a $18.00 target price on the stock.
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About Park City Group
Park City Group, Inc is a software-as-a-service (SaaS) provider. The Company delivers its services through software products designed, developed, marketed and supported by the Company. The Company also has a Professional Services business, which conducts customization, implementation and training. The Company has approximately two services groups, such as The Business Analytics Group and The Professional Services Group.
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