The stock of Park City Group, Inc. (NASDAQ:PCYG) hit a new 52-week high and has $15.69 target or 6.00% above today’s $14.80 share price. The 6 months bullish chart indicates low risk for the $284.31 million company. The 1-year high was reported on Nov, 29 by Barchart.com. If the $15.69 price target is reached, the company will be worth $17.06 million 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 105,619 shares traded hands or 128.52% up from the average. Park City Group, Inc. (NASDAQ:PCYG) has risen 49.68% since April 26, 2016 and is uptrending. It has outperformed by 44.42% the S&P500.
Analysts await Park City Group, Inc. (NASDAQ:PCYG) to report earnings on February, 13.
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 2 in Q2 2016. Its up 0.15, from 1.85 in 2016Q1. The ratio increased, 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.
Citigroup accumulated 0% or 1,309 shares. Bancorp Of New York Mellon last reported 40,775 shares in the company. Bnp Paribas Arbitrage Sa reported 508 shares or 0% of all its holdings. Columbia Asset Management holds 0.04% of its portfolio in Park City Group, Inc. (NASDAQ:PCYG) for 12,402 shares. Da Davidson And Com has 11,272 shares for 0% of their US portfolio. Schwab Charles Investment Mngmt Inc last reported 14,000 shares in the company. Creative Planning has 0% invested in the company for 6 shares. Wells Fargo & Mn has invested 0% of its portfolio in Park City Group, Inc. (NASDAQ:PCYG). Moreover, Baker Ellis Asset Llc has 0.05% invested in Park City Group, Inc. (NASDAQ:PCYG) for 18,450 shares. Goldman Cap Mngmt holds 5.58% of its portfolio in Park City Group, Inc. (NASDAQ:PCYG) for 723,154 shares. Northern Trust Corporation has 139,921 shares for 0% of their US portfolio. Blackrock Fund reported 336,453 shares or 0% of all its holdings. Credit Suisse Ag holds 0% or 12,768 shares in its portfolio. Vista Capital Partners holds 11,356 shares or 0.03% of its portfolio. Blackrock last reported 1,685 shares in the company.
More important recent Park City Group, Inc. (NASDAQ:PCYG) news were published by: Seekingalpha.com which released: “Park City Group Looks Overvalued – But Short At Your Peril” on October 25, 2016, also Globenewswire.com published article titled: “Park City Group to Present at the Midwest IDEAS Investor Conference on August …”, Globenewswire.com published: “Park City Group to Present at the Southwest IDEAS Investor Conference on …” on November 02, 2016. More interesting news about Park City Group, Inc. (NASDAQ:PCYG) was released by: Seekingalpha.com and their article: “Park City Group’s (PCYG) CEO Randy Fields on Q4 2016 Results – Earnings Call …” with publication date: September 13, 2016.
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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