Park City Group (PCYG) Issues Earnings Results, Beats Estimates By $0.01 EPS

Park City Group (NASDAQ:PCYG) released its earnings results on Thursday. The technology company reported $0.04 earnings per share for the quarter, beating analysts’ consensus estimates of $0.03 by $0.01, Morningstar.com reports. The business had revenue of $5.94 million during the quarter, compared to the consensus estimate of $5.75 million. Park City Group had a net margin of 15.47% and a return on equity of 9.17%.

Park City Group stock traded up $0.88 during mid-day trading on Friday, reaching $9.14. The company’s stock had a trading volume of 111,143 shares, compared to its average volume of 33,761. The company has a market cap of $166.26 million, a P/E ratio of 60.93, a price-to-earnings-growth ratio of 1.48 and a beta of 1.08. Park City Group has a 12 month low of $6.75 and a 12 month high of $11.75. The company has a current ratio of 2.97, a quick ratio of 2.97 and a debt-to-equity ratio of 0.04.

A number of institutional investors have recently added to or reduced their stakes in the stock. Fisher Asset Management LLC acquired a new stake in Park City Group in the second quarter valued at $104,000. Pitcairn Co. acquired a new stake in Park City Group in the third quarter valued at $128,000. Cowen Prime Services LLC acquired a new stake in Park City Group in the third quarter valued at $157,000. LVW Advisors LLC acquired a new stake in Park City Group in the second quarter valued at $198,000. Finally, Wedbush Securities Inc. lifted its stake in Park City Group by 9.8% in the second quarter. Wedbush Securities Inc. now owns 88,153 shares of the technology company’s stock valued at $696,000 after acquiring an additional 7,897 shares during the last quarter. 28.00% of the stock is owned by institutional investors and hedge funds.

A number of research analysts recently weighed in on PCYG shares. TheStreet downgraded shares of Park City Group from a “b-” rating to a “c+” rating in a research report on Tuesday, October 30th. Zacks Investment Research raised shares of Park City Group from a “hold” rating to a “buy” rating and set a $9.75 target price for the company in a research report on Friday, September 21st.

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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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Earnings History for Park City Group (NASDAQ:PCYG)

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