Breaking: What Next for Park City Group, Inc. Stock After Reaching 52-Week High?

Breaking: What Next for Park City Group, Inc. Stock After Reaching 52 Week High?

The stock of Park City Group, Inc. (NASDAQ:PCYG) hit a new 52-week high and has $27.32 target or 107.00% above today’s $13.20 share price. The 5 months bullish chart indicates low risk for the $249.28 million company. The 1-year high was reported on Oct, 10 by Barchart.com. If the $27.32 price target is reached, the company will be worth $266.73M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 72,828 shares traded hands. Park City Group, Inc. (NASDAQ:PCYG) has risen 27.27% since March 7, 2016 and is uptrending. It has outperformed by 19.68% the S&P500.

According to Zacks Investment Research, “Park City Group offers a robust set of solutions and it capitalizes on its prestigious user base as customers rapidly deploy and license additional software for their multi-location businesses. Park City Group was founded by Randy Fields, the co-founder and former chairman of Mrs. Fields Cookies. Public since May 2001, the company’s strategy is to rapidly expand its market share within the grocery and specialty retail sectors.”

Insitutional Activity: The institutional sentiment increased to 1.85 in 2016 Q2. Its up 1.10, from 0.75 in 2016Q1. The ratio is positive, as 4 funds sold all Park City Group, Inc. shares owned while 9 reduced positions. 4 funds bought stakes while 20 increased positions. They now own 4.64 million shares or 9.09% less from 5.10 million shares in 2016Q1.
Nationwide Fund Advsr has 0% invested in the company for 7,967 shares. Tower Llc (Trc) holds 0% of its portfolio in Park City Group, Inc. (NASDAQ:PCYG) for 3,659 shares. Vista Cap Inc holds 0.03% of its portfolio in Park City Group, Inc. (NASDAQ:PCYG) for 11,356 shares. Commercial Bank Of America De, a North Carolina-based fund reported 335 shares. Blackrock Ltd holds 0% or 3,892 shares in its portfolio. Da Davidson And holds 0% or 11,272 shares in its portfolio. Citigroup Inc accumulated 1,309 shares or 0% of the stock. Moreover, Geode Cap Ltd Liability has 0% invested in Park City Group, Inc. (NASDAQ:PCYG) for 81,101 shares. Deutsche National Bank & Trust Ag accumulated 34,535 shares or 0% of the stock. Lvw Advisors Llc reported 79,157 shares or 0.27% of all its holdings. Blackrock Inc holds 0% or 1,685 shares in its portfolio. Amer Interest Group last reported 0% of its portfolio in the stock. Teachers Advsrs Inc accumulated 17,996 shares or 0% of the stock. Sns Fin Group Incorporated Limited Liability Com holds 0.06% of its portfolio in Park City Group, Inc. (NASDAQ:PCYG) for 27,500 shares. Morgan Stanley holds 3,542 shares or 0% of its portfolio.

More recent Park City Group, Inc. (NASDAQ:PCYG) news were published by: Globenewswire.com which released: “Park City Group Reports Record Fiscal 4Q and Full-Year 2016 Results” on September 07, 2016. Also Quotes.Wsj.com published the news titled: “News Park City Group Inc.PCYG” on February 11, 2011. Seekingalpha.com‘s news article titled: “Park City Group’s (PCYG) CEO Randy Fields on Q3 2016 Results – Earnings Call …” with publication date: May 09, 2016 was also an interesting one.

PCYG Company Profile

Park City Group, Inc., incorporated on June 5, 2002, is a software-as-a-service (SaaS) provider. The Firm delivers its services through software products designed, developed, marketed and supported by the Company. The Firm also has a Professional Services business, which conducts customization, implementation and training. The Firm has approximately two services groups, such as The Business Analytics Group and The Professional Services Group. The Business Analytics Group offers business-consulting services to suppliers and retailers in the grocery, convenience store and specialty retail industries. The Professional Services Group provides consulting services. The markets for the Company’s products include multi-store retail and convenience store chains, branded food manufacturers, suppliers and distributors, and manufacturing companies, which have activities in North America, Europe, Asia and the Pacific Rim.

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