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

Brokers have set a twelve-month consensus price objective of $17.00 for the company and are anticipating 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 126 out of 265 based on the ratings given to related companies.

Separately, Zacks Investment Research downgraded shares of Park City Group from a “hold” rating to a “sell” rating in a research note on Wednesday, November 8th.

Park City Group (NASDAQ:PCYG) traded up $0.07 during trading hours on Friday, hitting $10.70. 72,800 shares of the company’s stock traded hands, compared to its average volume of 71,014. The firm has a market capitalization of $208.66, a P/E ratio of 82.31, a price-to-earnings-growth ratio of 2.30 and a beta of 1.11. The company has a current ratio of 2.78, a quick ratio of 2.78 and a debt-to-equity ratio of 0.05. Park City Group has a fifty-two week low of $8.10 and a fifty-two week high of $16.10.

Several hedge funds have recently modified their holdings of the stock. Teachers Advisors LLC grew its stake in shares of Park City Group by 0.4% during the second quarter. Teachers Advisors LLC now owns 19,590 shares of the technology company’s stock worth $238,000 after purchasing an additional 74 shares in the last quarter. Rhumbline Advisers grew its stake in shares of Park City Group by 3.4% during the second quarter. Rhumbline Advisers now owns 12,555 shares of the technology company’s stock worth $153,000 after purchasing an additional 415 shares in the last quarter. The Manufacturers Life Insurance Company grew its stake in shares of Park City Group by 15.2% during the second quarter. The Manufacturers Life Insurance Company now owns 11,544 shares of the technology company’s stock worth $140,000 after purchasing an additional 1,519 shares in the last quarter. Bank of New York Mellon Corp grew its stake in shares of Park City Group by 3.9% during the second quarter. Bank of New York Mellon Corp now owns 43,748 shares of the technology company’s stock worth $531,000 after purchasing an additional 1,653 shares in the last quarter. Finally, Wells Fargo & Company MN grew its stake in shares of Park City Group by 45.9% during the third quarter. Wells Fargo & Company MN now owns 16,452 shares of the technology company’s stock worth $200,000 after purchasing an additional 5,173 shares in the last quarter. Hedge funds and other institutional investors own 33.44% of the company’s stock.

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Park City Group Company Profile

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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