Park City Group, Inc. (NASDAQ:PCYG) Given $11.50 Consensus Target Price by Brokerages

Park City Group, Inc. (NASDAQ:PCYG) has received a consensus broker rating score of 1.00 (Strong Buy) from the one brokers that cover the company, Zacks Investment Research reports. One research analyst has rated the stock with a strong buy recommendation.

Analysts have set a 1 year consensus price objective of $11.50 for the company and are anticipating that the company will post $0.04 earnings per share for the current quarter, according to Zacks. Zacks has also given Park City Group an industry rank of 102 out of 256 based on the ratings given to its competitors.

Several brokerages have recently weighed in on PCYG. ValuEngine lowered shares of Park City Group from a “hold” rating to a “sell” rating in a research report on Friday, May 10th. Zacks Investment Research lowered shares of Park City Group from a “hold” rating to a “sell” rating in a research report on Friday, May 17th.

Shares of Park City Group stock opened at $5.36 on Friday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.07 and a current ratio of 3.07. The company’s 50-day simple moving average is $5.72. Park City Group has a twelve month low of $4.94 and a twelve month high of $10.33. The firm has a market cap of $106.51 million, a price-to-earnings ratio of 35.73, a P/E/G ratio of 1.16 and a beta of 1.76.

Park City Group (NASDAQ:PCYG) last issued its earnings results on Thursday, May 9th. The technology company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.01). Park City Group had a net margin of 21.85% and a return on equity of 12.20%. The business had revenue of $5.01 million for the quarter, compared to analyst estimates of $6.00 million. Sell-side analysts predict that Park City Group will post 0.21 earnings per share for the current year.

In other news, Director Austin F. Jr. Noll purchased 5,000 shares of Park City Group stock in a transaction on Thursday, May 16th. The shares were purchased at an average cost of $6.80 per share, for a total transaction of $34,000.00. Following the completion of the transaction, the director now directly owns 97,360 shares in the company, valued at $662,048. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. 39.90% of the stock is owned by insiders.

A number of large investors have recently added to or reduced their stakes in the business. Northern Trust Corp boosted its position in Park City Group by 1.4% in the fourth quarter. Northern Trust Corp now owns 163,000 shares of the technology company’s stock valued at $973,000 after buying an additional 2,216 shares in the last quarter. Rhumbline Advisers boosted its position in Park City Group by 51.6% in the fourth quarter. Rhumbline Advisers now owns 17,098 shares of the technology company’s stock valued at $102,000 after buying an additional 5,823 shares in the last quarter. Geode Capital Management LLC boosted its position in Park City Group by 4.5% in the fourth quarter. Geode Capital Management LLC now owns 139,959 shares of the technology company’s stock valued at $835,000 after buying an additional 5,981 shares in the last quarter. Handelsinvest Investeringsforvaltning acquired a new position in Park City Group in the first quarter valued at about $80,000. Finally, Parsons Capital Management Inc. RI boosted its position in Park City Group by 10.0% in the first quarter. Parsons Capital Management Inc. RI now owns 173,242 shares of the technology company’s stock valued at $1,384,000 after buying an additional 15,800 shares in the last quarter. Hedge funds and other institutional investors own 27.87% of the company’s stock.

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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