Park City Group (PCYG) Releases Quarterly Earnings Results, Beats Estimates By $0.01 EPS

Park City Group (NASDAQ:PCYG) issued its quarterly earnings results on Thursday. The technology company reported $0.04 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.03 by $0.01, Morningstar.com reports. The company had revenue of $5.94 million during the quarter, compared to analyst estimates of $5.75 million. Park City Group had a net margin of 15.47% and a return on equity of 9.17%.

Shares of Park City Group stock traded up $0.88 during trading on Friday, hitting $9.14. The company’s stock had a trading volume of 111,143 shares, compared to its average volume of 33,761. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.97 and a quick ratio of 2.97. The firm has a market cap of $166.26 million, a price-to-earnings ratio of 60.93, a PEG ratio of 1.48 and a beta of 1.08. Park City Group has a 52 week low of $6.75 and a 52 week high of $11.75.

Several institutional investors have recently modified their holdings of the stock. Wedbush Securities Inc. increased its stake in shares of Park City Group by 9.8% in the 2nd quarter. Wedbush Securities Inc. now owns 88,153 shares of the technology company’s stock worth $696,000 after acquiring an additional 7,897 shares in the last quarter. Ingalls & Snyder LLC increased its stake in shares of Park City Group by 6.5% in the 3rd quarter. Ingalls & Snyder LLC now owns 136,121 shares of the technology company’s stock worth $1,375,000 after acquiring an additional 8,330 shares in the last quarter. Northern Trust Corp increased its stake in shares of Park City Group by 5.5% in the 1st quarter. Northern Trust Corp now owns 162,515 shares of the technology company’s stock worth $1,422,000 after acquiring an additional 8,482 shares in the last quarter. BlackRock Inc. increased its stake in shares of Park City Group by 1.4% in the 3rd quarter. BlackRock Inc. now owns 727,260 shares of the technology company’s stock worth $7,345,000 after acquiring an additional 9,745 shares in the last quarter. Finally, Pitcairn Co. bought a new stake in Park City Group during the 3rd quarter valued at about $128,000. Institutional investors own 28.00% of the company’s stock.

Several research analysts recently issued reports on the stock. TheStreet upgraded shares of Park City Group from a “c+” rating to a “b-” rating in a research note on Monday, October 1st. Zacks Investment Research upgraded shares of Park City Group from a “hold” rating to a “buy” rating and set a $9.75 price target for the company in a research note on Friday, September 21st.

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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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Earnings History for Park City Group (NASDAQ:PCYG)

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