Zacks: Park City Group, Inc. (PCYG) Receives Consensus Rating of “Strong Buy” from Analysts
Park City Group, Inc. (NASDAQ:PCYG) has been assigned a consensus broker rating score of 1.00 (Strong Buy) from the two brokers that cover the company, Zacks Investment Research reports. Two analysts have rated the stock with a strong buy recommendation.
Brokers have set a one year consensus price objective of $16.50 for the company and are forecasting that the company will post $0.06 EPS for the current quarter, according to Zacks. Zacks has also given Park City Group an industry rank of 165 out of 265 based on the ratings given to related companies.
A number of equities analysts have recently weighed in on PCYG shares. 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 objective for the company. Zacks Investment Research lowered Park City Group from a “hold” rating to a “sell” rating in a research note on Wednesday, November 8th.
Shares of Park City Group (PCYG) traded down $0.20 on Friday, reaching $10.95. The company’s stock had a trading volume of 49,419 shares, compared to its average volume of 63,239. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.29 and a current ratio of 2.29. The stock has a market capitalization of $216.83, a PE ratio of 85.77, a price-to-earnings-growth ratio of 2.41 and a beta of 1.34. Park City Group has a fifty-two week low of $9.95 and a fifty-two week high of $17.00.
Park City Group (NASDAQ:PCYG) last issued its quarterly earnings results on Wednesday, September 13th. The technology company reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.02). The company had revenue of $5.19 million during the quarter, compared to analysts’ expectations of $5.03 million. Park City Group had a return on equity of 10.33% and a net margin of 17.98%. equities research analysts forecast that Park City Group will post 0.21 EPS for the current year.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Uniplan Investment Counsel Inc. boosted its stake in shares of Park City Group by 602.3% in the third quarter. Uniplan Investment Counsel Inc. now owns 590,569 shares of the technology company’s stock worth $7,175,000 after acquiring an additional 506,477 shares during the period. Wells Fargo & Company MN boosted its stake in shares of Park City Group by 45.9% in the third quarter. Wells Fargo & Company MN now owns 16,452 shares of the technology company’s stock worth $200,000 after acquiring an additional 5,173 shares during the period. Essex Investment Management Co. LLC bought a new position in shares of Park City Group in the third quarter worth about $967,000. Parsons Capital Management Inc. RI boosted its stake in shares of Park City Group by 15.2% in the third quarter. Parsons Capital Management Inc. RI now owns 153,575 shares of the technology company’s stock worth $1,866,000 after acquiring an additional 20,300 shares during the period. Finally, Ingalls & Snyder LLC boosted its stake in shares of Park City Group by 42.1% in the third quarter. Ingalls & Snyder LLC now owns 21,620 shares of the technology company’s stock worth $263,000 after acquiring an additional 6,405 shares during the period. 31.11% of the stock is owned by hedge funds and other institutional investors.
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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.
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