GTY Technology (GTYH) Scheduled to Post Quarterly Earnings on Monday

GTY Technology (NASDAQ:GTYHGet Rating) is set to release its earnings data after the market closes on Monday, May 9th. Analysts expect GTY Technology to post earnings of ($0.07) per share for the quarter. Persons interested in participating in the company’s earnings conference call can do so using this link.

GTY Technology (NASDAQ:GTYHGet Rating) last issued its earnings results on Thursday, February 17th. The company reported ($0.11) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.10) by ($0.01). The firm had revenue of $16.62 million during the quarter. GTY Technology had a negative net margin of 89.04% and a negative return on equity of 13.87%. On average, analysts expect GTY Technology to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Shares of GTYH opened at $6.09 on Monday. The company has a fifty day moving average price of $3.50. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.91 and a current ratio of 0.91. GTY Technology has a 1 year low of $2.51 and a 1 year high of $8.09.

In related news, CEO Tj Parass acquired 6,400 shares of the firm’s stock in a transaction that occurred on Wednesday, February 23rd. The shares were bought at an average cost of $4.49 per share, for a total transaction of $28,736.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 33.20% of the company’s stock.

A number of institutional investors have recently bought and sold shares of GTYH. Wells Fargo & Company MN grew its position in GTY Technology by 66.1% during the fourth quarter. Wells Fargo & Company MN now owns 68,077 shares of the company’s stock worth $456,000 after buying an additional 27,087 shares in the last quarter. Barclays PLC grew its position in GTY Technology by 170.8% during the fourth quarter. Barclays PLC now owns 39,069 shares of the company’s stock worth $262,000 after buying an additional 24,643 shares in the last quarter. Royal Bank of Canada grew its position in GTY Technology by 574.5% during the third quarter. Royal Bank of Canada now owns 21,436 shares of the company’s stock worth $160,000 after buying an additional 18,258 shares in the last quarter. D. E. Shaw & Co. Inc. purchased a new position in GTY Technology during the fourth quarter worth about $105,000. Finally, BNP Paribas Arbitrage SA grew its position in GTY Technology by 466.8% during the third quarter. BNP Paribas Arbitrage SA now owns 8,803 shares of the company’s stock worth $66,000 after buying an additional 7,250 shares in the last quarter. Institutional investors and hedge funds own 44.54% of the company’s stock.

Several brokerages have issued reports on GTYH. Needham & Company LLC lowered their target price on GTY Technology from $10.00 to $8.00 and set a “buy” rating on the stock in a research note on Friday, February 18th. DA Davidson lowered GTY Technology from a “buy” rating to a “neutral” rating in a research note on Friday. Finally, Zacks Investment Research upgraded GTY Technology from a “strong sell” rating to a “hold” rating in a research note on Tuesday, April 26th.

About GTY Technology (Get Rating)

GTY Technology Holdings Inc operates as a software-as-a-service (SaaS) company that offers a cloud-based suite of solutions for the public sector 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; and content, digital, and integrated payment services via a SaaS platform for government agencies and utility companies.

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Earnings History for GTY Technology (NASDAQ:GTYH)

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