Park City Group, Inc. (PCYG) Given Consensus Rating of “Strong Buy” by Brokerages

Park City Group, Inc. (NASDAQ:PCYG) has received an average broker rating score of 1.00 (Strong Buy) from the two brokers that cover the company, Zacks Investment Research reports. Two equities research analysts have rated the stock with a strong buy recommendation.

Analysts have set a 12 month consensus price target of $16.50 for the company and are predicting that the company will post $0.06 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Park City Group an industry rank of 115 out of 265 based on the ratings given to related companies.

Several equities analysts recently commented on the stock. DA Davidson assumed coverage on shares of Park City Group in a research note on Wednesday, September 6th. They set a “buy” rating and a $15.00 target price for the company. Loop Capital assumed coverage on shares of Park City Group in a research note on Wednesday, August 2nd. They set a “buy” rating and a $18.00 target price for the company. Finally, Zacks Investment Research cut shares of Park City Group from a “hold” rating to a “sell” rating in a research note on Wednesday, November 8th.

A number of institutional investors have recently made changes to their positions in PCYG. Neuberger Berman Group LLC bought a new stake in Park City Group in the 2nd quarter valued at $122,000. Connors Investor Services Inc. bought a new stake in Park City Group in the 2nd quarter valued at $123,000. The Manufacturers Life Insurance Company increased its holdings in Park City Group by 15.2% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 11,544 shares of the technology company’s stock valued at $140,000 after buying an additional 1,519 shares during the period. Atria Investments LLC bought a new stake in Park City Group in the 2nd quarter valued at $142,000. Finally, Rhumbline Advisers increased its holdings in Park City Group by 3.4% in the 2nd quarter. Rhumbline Advisers now owns 12,555 shares of the technology company’s stock valued at $153,000 after buying an additional 415 shares during the period. 29.30% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Park City Group (NASDAQ:PCYG) opened at $10.35 on Thursday. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.29 and a quick ratio of 2.29. Park City Group has a one year low of $9.95 and a one year high of $17.00. The firm has a market cap of $206.13, a price-to-earnings ratio of 81.54, a PEG ratio of 2.29 and a beta of 1.36.

Park City Group (NASDAQ:PCYG) last released its earnings results on Wednesday, September 13th. The technology company reported $0.03 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.05 by ($0.02). The company had revenue of $5.19 million for the quarter, compared to analyst estimates of $5.03 million. Park City Group had a net margin of 17.98% and a return on equity of 10.33%. research analysts anticipate that Park City Group will post 0.21 EPS for the current fiscal year.

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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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