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.
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