Park City Group (NASDAQ:PCYG) released its quarterly earnings data on Thursday. The technology company reported $0.04 earnings per share for the quarter, beating the consensus estimate of $0.03 by $0.01, Morningstar.com reports. The business had revenue of $5.94 million for the quarter, compared to analyst estimates of $5.75 million. Park City Group had a return on equity of 9.17% and a net margin of 15.47%.
Shares of NASDAQ PCYG traded up $0.88 during midday trading on Friday, hitting $9.14. The stock had a trading volume of 111,143 shares, compared to its average volume of 33,761. The firm has a market capitalization of $166.26 million, a P/E ratio of 60.93, a P/E/G ratio of 1.48 and a beta of 1.08. Park City Group has a 1-year low of $6.75 and a 1-year high of $11.75. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.97 and a quick ratio of 2.97.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Wedbush Securities Inc. lifted its position in Park City Group by 9.8% during the 2nd quarter. Wedbush Securities Inc. now owns 88,153 shares of the technology company’s stock worth $696,000 after acquiring an additional 7,897 shares in the last quarter. Ingalls & Snyder LLC lifted its position in Park City Group by 6.5% during the 3rd quarter. Ingalls & Snyder LLC now owns 136,121 shares of the technology company’s stock worth $1,375,000 after acquiring an additional 8,330 shares in the last quarter. Northern Trust Corp lifted its position in Park City Group by 5.5% during the 1st quarter. Northern Trust Corp now owns 162,515 shares of the technology company’s stock worth $1,422,000 after acquiring an additional 8,482 shares in the last quarter. BlackRock Inc. lifted its position in Park City Group by 1.4% during the 3rd quarter. BlackRock Inc. now owns 727,260 shares of the technology company’s stock worth $7,345,000 after acquiring an additional 9,745 shares in the last quarter. Finally, Pitcairn Co. acquired a new position in Park City Group during the 3rd quarter worth approximately $128,000. 28.00% of the stock is currently owned by institutional investors and hedge funds.
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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