Park City Group (NASDAQ:PCYG) Shares Cross Above 200-Day Moving Average of $12.09

Shares of Park City Group, Inc. (NASDAQ:PCYG) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $12.09 and traded as high as $15.73. Park City Group shares last traded at $15.65, with a volume of 34,910 shares changing hands.

Analyst Ratings Changes

Separately, StockNews.com began coverage on Park City Group in a report on Friday. They issued a “hold” rating on the stock.

Park City Group Stock Performance

The stock has a market cap of $294.98 million, a price-to-earnings ratio of 60.11 and a beta of 1.10. The stock has a fifty day simple moving average of $15.23 and a two-hundred day simple moving average of $12.17.

Institutional Investors Weigh In On Park City Group

Several hedge funds have recently modified their holdings of PCYG. Citigroup Inc. boosted its holdings in shares of Park City Group by 350,300.0% during the 3rd quarter. Citigroup Inc. now owns 28,032 shares of the technology company’s stock valued at $246,000 after acquiring an additional 28,024 shares in the last quarter. O Shaughnessy Asset Management LLC raised its position in Park City Group by 115.4% during the 3rd quarter. O Shaughnessy Asset Management LLC now owns 41,932 shares of the technology company’s stock worth $367,000 after purchasing an additional 22,469 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new position in Park City Group during the 3rd quarter worth $125,000. Bailard Inc. raised its position in Park City Group by 53.8% during the 3rd quarter. Bailard Inc. now owns 16,299 shares of the technology company’s stock worth $143,000 after purchasing an additional 5,699 shares during the last quarter. Finally, Ingalls & Snyder LLC raised its position in Park City Group by 1.1% during the 3rd quarter. Ingalls & Snyder LLC now owns 169,162 shares of the technology company’s stock worth $1,482,000 after purchasing an additional 1,805 shares during the last quarter. Institutional investors and hedge funds own 26.36% of the company’s stock.

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.