Janney Montgomery Scott LLC bought a new position in shares of GTY Technology Holdings Inc (NASDAQ:GTYH) during the 1st quarter, according to its most recent disclosure with the SEC. The fund bought 10,790 shares of the company’s stock, valued at approximately $49,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in GTYH. State Street Corp lifted its holdings in GTY Technology by 48.4% during the 3rd quarter. State Street Corp now owns 587,326 shares of the company’s stock worth $3,683,000 after buying an additional 191,433 shares during the period. Geode Capital Management LLC lifted its holdings in GTY Technology by 11.6% during the 4th quarter. Geode Capital Management LLC now owns 536,222 shares of the company’s stock worth $3,158,000 after buying an additional 55,869 shares during the period. California Public Employees Retirement System acquired a new position in GTY Technology during the 4th quarter worth about $211,000. UBS Group AG lifted its holdings in GTY Technology by 71.0% during the 4th quarter. UBS Group AG now owns 52,753 shares of the company’s stock worth $311,000 after buying an additional 21,907 shares during the period. Finally, Barclays PLC raised its position in shares of GTY Technology by 100.9% in the 4th quarter. Barclays PLC now owns 40,381 shares of the company’s stock worth $237,000 after acquiring an additional 20,277 shares in the last quarter. 37.77% of the stock is currently owned by hedge funds and other institutional investors.

Several research analysts have recently weighed in on the company. Needham & Company LLC reissued a “buy” rating and issued a $10.00 price objective on shares of GTY Technology in a research report on Thursday, March 12th. Citigroup lowered their price objective on GTY Technology from $6.00 to $4.50 and set a “neutral” rating for the company in a research report on Tuesday, March 24th.

GTYH stock opened at $3.34 on Friday. The stock has a 50-day moving average price of $3.83 and a 200-day moving average price of $5.14. GTY Technology Holdings Inc has a 1-year low of $2.81 and a 1-year high of $9.62. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.01. The firm has a market cap of $176.11 million, a PE ratio of -4.23 and a beta of 0.07.

GTY Technology (NASDAQ:GTYH) last issued its earnings results on Thursday, March 12th. The company reported $0.01 EPS for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.08. GTY Technology had a negative return on equity of 1.42% and a negative net margin of 100.14%. The business had revenue of $11.48 million during the quarter.

GTY Technology Profile

GTY Technology Holdings Inc provides cloud-based suite of solutions for state and local governments in North America. The company develops software technologies for the procurement and vendor or supplier sourcing industry in government, public sector, and various highly-regulated commercial vertical markets; content, digital, and integrated payment services via a software-as-a-service platform for government agencies and utility companies.

See Also: Hang Seng Index (HSI)

Want to see what other hedge funds are holding GTYH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for GTY Technology Holdings Inc (NASDAQ:GTYH).

Institutional Ownership by Quarter for GTY Technology (NASDAQ:GTYH)

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