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.

A number of brokerages have recently issued reports on PCYG. TheStreet raised shares of Park City Group from a “c+” rating to a “b-” rating in a research note on Monday, October 1st. Zacks Investment Research raised shares of Park City Group from a “hold” rating to a “buy” rating and set a $9.75 price objective for the company in a research note on Friday, September 21st.

WARNING: “Park City Group (PCYG) Posts Earnings Results, Beats Expectations By $0.01 EPS” was posted by TheOlympiaReport and is owned by of TheOlympiaReport. If you are viewing this story on another publication, it was stolen and reposted in violation of US & international trademark and copyright laws. The correct version of this story can be read at https://theolympiareport.com/2018/11/10/park-city-group-pcyg-posts-earnings-results-beats-expectations-by-0-01-eps.html.

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.

Recommended Story: Stock Symbols, CUSIP and Other Stock Identifiers

Earnings History for Park City Group (NASDAQ:PCYG)

Receive News & Ratings for Park City Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Park City Group and related companies with MarketBeat.com's FREE daily email newsletter.