Park City Group (PCYG) Posts Earnings Results, Beats Expectations By $0.01 EPS
Park City Group (NASDAQ:PCYG) announced its quarterly earnings data on Thursday. The technology company reported $0.04 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.03 by $0.01, Morningstar.com reports. Park City Group had a net margin of 15.47% and a return on equity of 9.17%. The company had revenue of $5.94 million during the quarter, compared to analysts’ expectations of $5.75 million.
PCYG traded up $0.88 during trading on Friday, hitting $9.14. 111,143 shares of the stock traded hands, compared to its average volume of 33,761. The stock has a market capitalization of $166.26 million, a P/E ratio of 60.93, a PEG ratio of 1.48 and a beta of 1.08. The company has a quick ratio of 2.97, a current ratio of 2.97 and a debt-to-equity ratio of 0.04. Park City Group has a 12-month low of $6.75 and a 12-month high of $11.75.
A number of institutional investors and hedge funds have recently made changes to their positions in PCYG. Northern Trust Corp boosted its position in Park City Group by 5.5% during the 1st quarter. Northern Trust Corp now owns 162,515 shares of the technology company’s stock valued at $1,422,000 after buying an additional 8,482 shares during the period. Fisher Asset Management LLC purchased a new stake in Park City Group during the 2nd quarter valued at $104,000. LVW Advisors LLC purchased a new stake in Park City Group during the 2nd quarter valued at $198,000. Wedbush Securities Inc. boosted its position in Park City Group by 9.8% during the 2nd quarter. Wedbush Securities Inc. now owns 88,153 shares of the technology company’s stock valued at $696,000 after buying an additional 7,897 shares during the period. Finally, BlackRock Inc. boosted its position in Park City Group by 16.2% during the 2nd quarter. BlackRock Inc. now owns 717,515 shares of the technology company’s stock valued at $5,668,000 after buying an additional 100,236 shares during the period. 28.00% 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, 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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