Insider Buying: Park City Group, Inc. (PCYG) Director Acquires 5,000 Shares of Stock

Share on StockTwits

Park City Group, Inc. (NASDAQ:PCYG) Director Austin F. Jr. Noll bought 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 16th. The stock was purchased at an average cost of $6.80 per share, with a total value of $34,000.00. Following the completion of the transaction, the director now owns 97,360 shares in the company, valued at $662,048. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Park City Group stock traded down $0.68 during mid-day trading on Thursday, reaching $6.33. 45,496 shares of the company were exchanged, compared to its average volume of 24,881. Park City Group, Inc. has a twelve month low of $5.64 and a twelve month high of $10.33. The company has a current ratio of 3.07, a quick ratio of 2.62 and a debt-to-equity ratio of 0.01. The stock has a market capitalization of $125.78 million, a price-to-earnings ratio of 42.20, a PEG ratio of 1.23 and a beta of 1.58.

Park City Group (NASDAQ:PCYG) last posted its quarterly earnings data on Thursday, May 9th. The technology company reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.01). Park City Group had a return on equity of 12.20% and a net margin of 21.85%. The company had revenue of $5.01 million for the quarter, compared to analyst estimates of $6.00 million. Equities analysts predict that Park City Group, Inc. will post 0.27 earnings per share for the current year.

A number of analysts recently issued reports on PCYG shares. Zacks Investment Research raised Park City Group from a “hold” rating to a “buy” rating and set a $9.50 target price for the company in a research report on Friday, February 1st. ValuEngine raised Park City Group from a “sell” rating to a “hold” rating in a research report on Friday, March 29th.

A number of institutional investors have recently bought and sold shares of PCYG. Charles Schwab Investment Management Inc. raised its position in Park City Group by 23.2% in the first quarter. Charles Schwab Investment Management Inc. now owns 30,812 shares of the technology company’s stock worth $247,000 after purchasing an additional 5,812 shares in the last quarter. Handelsbanken Fonder AB acquired a new position in Park City Group in the first quarter worth about $487,000. Investment Management of Virginia LLC increased its holdings in shares of Park City Group by 19.6% during the first quarter. Investment Management of Virginia LLC now owns 165,173 shares of the technology company’s stock worth $1,320,000 after buying an additional 27,098 shares in the last quarter. Parsons Capital Management Inc. RI increased its holdings in shares of Park City Group by 10.0% during the first quarter. Parsons Capital Management Inc. RI now owns 173,242 shares of the technology company’s stock worth $1,384,000 after buying an additional 15,800 shares in the last quarter. Finally, Handelsinvest Investeringsforvaltning acquired a new stake in shares of Park City Group during the first quarter worth approximately $80,000. 28.19% of the stock is owned by institutional investors.

TRADEMARK VIOLATION NOTICE: This article was originally posted by Ticker Report and is the sole property of of Ticker Report. If you are accessing this article on another site, it was illegally stolen and republished in violation of U.S. & international copyright and trademark laws. The legal version of this article can be accessed at https://www.tickerreport.com/banking-finance/4343470/insider-buying-park-city-group-inc-pcyg-director-acquires-5000-shares-of-stock.html.

About Park City Group

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.

Featured Story: Dollar Cost Averaging

Receive News & Ratings for Park City Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Park City Group and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

Five Prime Therapeutics  Stock Price Down 7.5%
Five Prime Therapeutics Stock Price Down 7.5%
Uquid Coin Market Cap Reaches $813,824.00
Uquid Coin Market Cap Reaches $813,824.00
Duluth  Downgraded by ValuEngine
Duluth Downgraded by ValuEngine
Global Blood Therapeutics   Shares Down 6.2%
Global Blood Therapeutics Shares Down 6.2%
Carebit  Price Up 169.5% Over Last 7 Days
Carebit Price Up 169.5% Over Last 7 Days
Fox Factory Holding Corp  Expected to Post Earnings of $0.66 Per Share
Fox Factory Holding Corp Expected to Post Earnings of $0.66 Per Share


© 2006-2019 Ticker Report