Northern Trust Corp reduced its stake in Park City Group, Inc. (NASDAQ:PCYG) by 6.2% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 150,404 shares of the technology company’s stock after selling 9,878 shares during the quarter. Northern Trust Corp owned about 0.76% of Park City Group worth $806,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. Acadian Asset Management LLC purchased a new position in shares of Park City Group in the 2nd quarter valued at approximately $46,000. Ingalls & Snyder LLC raised its position in shares of Park City Group by 13.8% in the 2nd quarter. Ingalls & Snyder LLC now owns 159,221 shares of the technology company’s stock valued at $853,000 after purchasing an additional 19,360 shares during the last quarter. Rice Hall James & Associates LLC purchased a new position in shares of Park City Group in the 2nd quarter valued at approximately $983,000. Handelsinvest Investeringsforvaltning raised its position in shares of Park City Group by 1,940.0% in the 2nd quarter. Handelsinvest Investeringsforvaltning now owns 204,000 shares of the technology company’s stock valued at $1,093,000 after purchasing an additional 194,000 shares during the last quarter. Finally, Handelsbanken Fonder AB raised its position in shares of Park City Group by 1,792.5% in the 2nd quarter. Handelsbanken Fonder AB now owns 1,153,641 shares of the technology company’s stock valued at $6,184,000 after purchasing an additional 1,092,683 shares during the last quarter. 24.19% of the stock is owned by hedge funds and other institutional investors.

PCYG opened at $5.42 on Friday. Park City Group, Inc. has a 12-month low of $4.76 and a 12-month high of $9.25. The company has a current ratio of 3.02, a quick ratio of 3.02 and a debt-to-equity ratio of 0.02. The firm has a market capitalization of $106.64 million, a PE ratio of 31.88 and a beta of 1.63. The firm has a 50 day moving average of $6.03 and a two-hundred day moving average of $6.06.

Park City Group (NASDAQ:PCYG) last posted its quarterly earnings results on Thursday, September 12th. The technology company reported $0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.03). Park City Group had a return on equity of 9.77% and a net margin of 18.43%. The business had revenue of $4.66 million for the quarter, compared to analysts’ expectations of $5.06 million. As a group, analysts predict that Park City Group, Inc. will post 0.27 EPS for the current fiscal year.

PCYG has been the subject of several research analyst reports. Zacks Investment Research raised shares of Park City Group from a “sell” rating to a “hold” rating in a research report on Tuesday, August 27th. ValuEngine raised shares of Park City Group from a “sell” rating to a “hold” rating in a research report on Thursday, September 12th.

Park City Group 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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Institutional Ownership by Quarter for Park City Group (NASDAQ:PCYG)

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