StockNews.com Downgrades Park City Group (NASDAQ:PCYG) to Hold

Park City Group (NASDAQ:PCYG) was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating in a research note issued on Monday.

Park City Group Stock Down 0.2 %

NASDAQ PCYG traded down $0.02 on Monday, reaching $8.57. The company had a trading volume of 36,989 shares, compared to its average volume of 32,903. The stock has a market capitalization of $157.81 million, a PE ratio of 34.28 and a beta of 1.16. The firm’s 50 day moving average price is $9.26 and its 200 day moving average price is $8.03. Park City Group has a 12 month low of $4.57 and a 12 month high of $10.50.

Institutional Trading of Park City Group

A number of institutional investors and hedge funds have recently bought and sold shares of PCYG. Rice Hall James & Associates LLC increased its holdings in shares of Park City Group by 4.0% in the 2nd quarter. Rice Hall James & Associates LLC now owns 1,108,024 shares of the technology company’s stock worth $11,180,000 after buying an additional 42,140 shares during the last quarter. Ingalls & Snyder LLC increased its holdings in shares of Park City Group by 6.8% in the 2nd quarter. Ingalls & Snyder LLC now owns 167,357 shares of the technology company’s stock worth $1,689,000 after buying an additional 10,616 shares during the last quarter. Renaissance Technologies LLC increased its holdings in shares of Park City Group by 3.8% in the 4th quarter. Renaissance Technologies LLC now owns 138,663 shares of the technology company’s stock worth $686,000 after buying an additional 5,055 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Park City Group by 14.3% in the 2nd quarter. Geode Capital Management LLC now owns 131,080 shares of the technology company’s stock worth $1,323,000 after buying an additional 16,374 shares during the last quarter. Finally, BlackRock Inc. increased its holdings in shares of Park City Group by 10.2% in the 2nd quarter. BlackRock Inc. now owns 63,474 shares of the technology company’s stock worth $640,000 after buying an additional 5,859 shares during the last quarter. 26.36% of the stock is currently owned by institutional investors.

About Park City Group

Park City Group, Inc, a software-as-a-service provider, designs, develops, and markets proprietary software products in North America. The company offers ReposiTrak MarketPlace, a supplier discovery and B2B e-commerce solution; ReposiTrak Compliance and Food Safety solutions, which reduces potential regulatory and legal risk from their supply chain partners; and ReposiTrak Supply Chain solutions that enables customers to manage relationships with suppliers.