Park City Group, Inc. (PCYG) Holdings Trimmed by Cannell Peter B & Co. Inc.

Cannell Peter B & Co. Inc. cut its holdings in shares of Park City Group, Inc. (NASDAQ:PCYG) by 1.7% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 595,342 shares of the technology company’s stock after selling 10,000 shares during the period. Cannell Peter B & Co. Inc. owned about 3.01% of Park City Group worth $6,013,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. BlackRock Inc. lifted its stake in Park City Group by 16.2% during the second quarter. BlackRock Inc. now owns 717,515 shares of the technology company’s stock worth $5,668,000 after purchasing an additional 100,236 shares during the last quarter. Northern Trust Corp lifted its stake in Park City Group by 5.5% during the first quarter. Northern Trust Corp now owns 162,515 shares of the technology company’s stock worth $1,422,000 after purchasing an additional 8,482 shares during the last quarter. Ingalls & Snyder LLC lifted its stake in Park City Group by 6.5% during the third quarter. Ingalls & Snyder LLC now owns 136,121 shares of the technology company’s stock worth $1,375,000 after purchasing an additional 8,330 shares during the last quarter. Wedbush Securities Inc. lifted its stake in Park City Group by 9.8% during the second quarter. Wedbush Securities Inc. now owns 88,153 shares of the technology company’s stock worth $696,000 after purchasing an additional 7,897 shares during the last quarter. Finally, LVW Advisors LLC lifted its stake in Park City Group by 80.0% during the third quarter. LVW Advisors LLC now owns 45,000 shares of the technology company’s stock worth $455,000 after purchasing an additional 20,000 shares during the last quarter. Hedge funds and other institutional investors own 28.00% of the company’s stock.

Several equities research analysts have weighed in on PCYG shares. TheStreet cut Park City Group from a “b-” rating to a “c+” rating in a research note on Tuesday, October 30th. Zacks Investment Research cut Park City Group from a “buy” rating to a “hold” rating in a research note on Thursday, August 16th.

NASDAQ PCYG opened at $8.26 on Friday. Park City Group, Inc. has a fifty-two week low of $6.75 and a fifty-two week high of $11.75. The firm has a market cap of $166.65 million, a price-to-earnings ratio of 55.07, a price-to-earnings-growth ratio of 1.49 and a beta of 1.08. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.97 and a quick ratio of 2.97.

Park City Group (NASDAQ:PCYG) last announced its quarterly earnings results on Thursday, September 13th. The technology company reported $0.06 EPS for the quarter, beating the Zacks’ consensus estimate of $0.04 by $0.02. Park City Group had a return on equity of 9.17% and a net margin of 15.47%. The company had revenue of $6.32 million during the quarter, compared to analysts’ expectations of $6.40 million. As a group, analysts predict that Park City Group, Inc. will post 0.27 EPS for the current fiscal year.

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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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