Zacks: Park City Group, Inc. (PCYG) Receives Average Recommendation of “Strong Buy” from Analysts

Shares of Park City Group, Inc. (NASDAQ:PCYG) have been given a consensus broker rating score of 1.00 (Strong Buy) from the one analysts that provide coverage for the company, Zacks Investment Research reports. One research analyst has rated the stock with a strong buy recommendation.

Brokers have set a 12-month consensus price target of $14.00 for the company and are expecting 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 57 out of 255 based on the ratings given to its competitors.

Separately, Zacks Investment Research raised Park City Group from a “sell” rating to a “buy” rating and set a $8.75 price objective on the stock in a research note on Thursday, July 12th.

Park City Group stock traded down $0.20 during trading on Monday, hitting $8.00. The stock had a trading volume of 141 shares, compared to its average volume of 23,883. Park City Group has a 1 year low of $6.75 and a 1 year high of $13.40. The company has a current ratio of 2.75, a quick ratio of 2.75 and a debt-to-equity ratio of 0.04. The company has a market cap of $162.09 million, a price-to-earnings ratio of 50.00, a PEG ratio of 1.70 and a beta of 1.10.

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Fisher Asset Management LLC acquired a new stake in Park City Group during the second quarter worth about $104,000. Family Management Corp acquired a new stake in Park City Group in the 1st quarter valued at $166,000. Cowen Prime Services LLC acquired a new stake in Park City Group in the 1st quarter valued at $105,000. Goldman Sachs Group Inc. acquired a new stake in Park City Group in the 4th quarter valued at $149,000. Finally, Parsons Capital Management Inc. RI boosted its stake in Park City Group by 39.9% in the 1st quarter. Parsons Capital Management Inc. RI now owns 165,342 shares of the technology company’s stock valued at $1,447,000 after buying an additional 47,167 shares in the last quarter. 27.95% of the stock is owned by institutional investors and hedge funds.

Park City Group Company Profile

Park City Group, Inc, a software-as-a-service provider, designs, develops, markets, and supports proprietary software products. The company offers its products for businesses having multiple locations to assist in the management of business operations on a daily basis and communicate results of operations in a timely manner.

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