DA Davidson Comments on Park City Group, Inc.’s FY2018 Earnings (PCYG)

Park City Group, Inc. (NASDAQ:PCYG) – Research analysts at DA Davidson reduced their FY2018 earnings per share estimates for shares of Park City Group in a report released on Monday. DA Davidson analyst T. Forte now anticipates that the technology company will post earnings of $0.21 per share for the year, down from their previous forecast of $0.24. DA Davidson currently has a “Buy” rating and a $15.00 target price on the stock. DA Davidson also issued estimates for Park City Group’s FY2019 earnings at $0.37 EPS, FY2020 earnings at $0.56 EPS, FY2021 earnings at $0.57 EPS and FY2022 earnings at $0.75 EPS.

PCYG has been the subject of several other reports. Zacks Investment Research cut shares of Park City Group from a “hold” rating to a “sell” rating in a report on Wednesday, November 8th. Loop Capital assumed coverage on shares of Park City Group in a report on Wednesday, August 2nd. They issued a “buy” rating and a $18.00 target price for the company.

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Park City Group (NASDAQ:PCYG) traded up $0.30 during midday trading on Tuesday, reaching $10.65. 50,635 shares of the company traded hands, compared to its average volume of 63,929. The stock has a market capitalization of $206.13, a PE ratio of 81.54, a P/E/G ratio of 2.29 and a beta of 1.36. Park City Group has a 52-week low of $9.95 and a 52-week high of $17.00. The company has a quick ratio of 2.29, a current ratio of 2.29 and a debt-to-equity ratio of 0.06.

Park City Group (NASDAQ:PCYG) last posted its quarterly earnings results on Wednesday, September 13th. The technology company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.05 by ($0.02). The firm had revenue of $5.19 million for the quarter, compared to analysts’ expectations of $5.03 million. Park City Group had a return on equity of 10.33% and a net margin of 17.98%.

A number of institutional investors have recently modified their holdings of the business. Teachers Advisors LLC increased its holdings in Park City Group by 0.4% in the second quarter. Teachers Advisors LLC now owns 19,590 shares of the technology company’s stock valued at $238,000 after buying an additional 74 shares in the last quarter. Rhumbline Advisers increased its holdings in Park City Group by 3.4% in the second quarter. Rhumbline Advisers now owns 12,555 shares of the technology company’s stock valued at $153,000 after buying an additional 415 shares in the last quarter. MML Investors Services LLC increased its holdings in Park City Group by 6.0% in the second quarter. MML Investors Services LLC now owns 15,628 shares of the technology company’s stock valued at $190,000 after buying an additional 879 shares in the last quarter. The Manufacturers Life Insurance Company increased its holdings in Park City Group by 15.2% in the second quarter. The Manufacturers Life Insurance Company now owns 11,544 shares of the technology company’s stock valued at $140,000 after buying an additional 1,519 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in Park City Group by 3.9% in the second quarter. Bank of New York Mellon Corp now owns 43,748 shares of the technology company’s stock valued at $531,000 after buying an additional 1,653 shares in the last quarter. 29.30% of the stock is owned by institutional investors.

Park City Group Company Profile

Park City Group, Inc is a software-as-a-service (SaaS) provider. The Company delivers its services through software products designed, developed, marketed and supported by the Company. The Company also has a Professional Services business, which conducts customization, implementation and training. The Company has approximately two services groups, such as The Business Analytics Group and The Professional Services Group.

Earnings History and Estimates for Park City Group (NASDAQ:PCYG)

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