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

Brokerages have set a 12 month consensus price objective of $16.50 for the company and are predicting that the company will post $0.06 earnings per share for the current quarter, according to Zacks. Zacks has also given Park City Group an industry rank of 170 out of 265 based on the ratings given to related companies.

Several analysts have issued reports on PCYG shares. Zacks Investment Research cut Park City Group from a “hold” rating to a “sell” rating in a report on Wednesday, November 8th. DA Davidson started coverage on Park City Group in a research note on Wednesday, September 6th. They issued a “buy” rating and a $15.00 price target on the stock.

Several institutional investors have recently made changes to their positions in PCYG. Neuberger Berman Group LLC acquired a new position in shares of Park City Group in the 2nd quarter valued at $122,000. Connors Investor Services Inc. acquired a new position in Park City Group during the 2nd quarter worth about $123,000. The Manufacturers Life Insurance Company lifted its stake in Park City Group by 15.2% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 11,544 shares of the technology company’s stock worth $140,000 after acquiring an additional 1,519 shares in the last quarter. Rhumbline Advisers lifted its stake in Park City Group by 3.4% during the 2nd quarter. Rhumbline Advisers now owns 12,555 shares of the technology company’s stock worth $153,000 after acquiring an additional 415 shares in the last quarter. Finally, MML Investors Services LLC lifted its stake in Park City Group by 6.0% during the 2nd quarter. MML Investors Services LLC now owns 15,628 shares of the technology company’s stock worth $190,000 after acquiring an additional 879 shares in the last quarter. 31.11% of the stock is currently owned by institutional investors and hedge funds.

Shares of Park City Group (NASDAQ:PCYG) traded down $0.55 during trading hours on Tuesday, reaching $10.20. The company’s stock had a trading volume of 58,100 shares, compared to its average volume of 62,853. The company has a current ratio of 2.29, a quick ratio of 2.29 and a debt-to-equity ratio of 0.06. The stock has a market cap of $198.36, a PE ratio of 82.31, a P/E/G ratio of 2.32 and a beta of 1.34. Park City Group has a 12 month low of $9.95 and a 12 month high of $17.00.

COPYRIGHT VIOLATION NOTICE: This report was first posted by Watch List News and is the property of of Watch List News. If you are accessing this report on another publication, it was copied illegally and reposted in violation of U.S. & international copyright and trademark laws. The legal version of this report can be read at https://www.watchlistnews.com/analysts-expect-park-city-group-inc-pcyg-to-announce-0-06-earnings-per-share/1773548.html.

About Park City Group

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.

Get a free copy of the Zacks research report on Park City Group (PCYG)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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.