Ingalls & Snyder LLC acquired a new stake in Park City Group, Inc. (NASDAQ:PCYG) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 15,215 shares of the technology company’s stock, valued at approximately $185,000. Ingalls & Snyder LLC owned approximately 0.08% of Park City Group as of its most recent filing with the SEC.
Several other hedge funds have also made changes to their positions in the company. Legato Capital Management LLC bought a new stake in shares of Park City Group during the second quarter valued at $287,000. Atria Investments LLC bought a new stake in shares of Park City Group during the second quarter valued at $142,000. Parsons Capital Management Inc. RI boosted its stake in shares of Park City Group by 657.2% in the first quarter. Parsons Capital Management Inc. RI now owns 116,225 shares of the technology company’s stock valued at $1,435,000 after buying an additional 100,875 shares during the last quarter. Renaissance Technologies LLC bought a new stake in shares of Park City Group during the first quarter valued at $1,082,000. Finally, UBS Group AG boosted its stake in shares of Park City Group by 30.2% in the first quarter. UBS Group AG now owns 53,594 shares of the technology company’s stock valued at $661,000 after buying an additional 12,441 shares during the last quarter. Institutional investors and hedge funds own 31.47% of the company’s stock.
Shares of Park City Group, Inc. (NASDAQ PCYG) traded up 1.22% during mid-day trading on Friday, hitting $12.45. The company’s stock had a trading volume of 42,852 shares. The company has a market cap of $241.68 million, a price-to-earnings ratio of 98.03 and a beta of 1.39. The stock’s 50 day moving average price is $12.81 and its 200 day moving average price is $12.92. Park City Group, Inc. has a 52-week low of $9.05 and a 52-week high of $17.00.
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Separately, Loop Capital started coverage on Park City Group in a report on Wednesday, August 2nd. They set a “buy” rating and a $18.00 price target on the stock.
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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