Analysts Expect GTY Technology Holdings Inc. (NASDAQ:GTYH) to Post -$0.07 EPS

Wall Street brokerages expect that GTY Technology Holdings Inc. (NASDAQ:GTYHGet Rating) will announce earnings of ($0.07) per share for the current quarter, according to Zacks. Zero analysts have issued estimates for GTY Technology’s earnings. GTY Technology reported earnings per share of ($0.32) during the same quarter last year, which indicates a positive year-over-year growth rate of 78.1%. The company is scheduled to issue its next quarterly earnings report after the market closes on Monday, January 1st.

According to Zacks, analysts expect that GTY Technology will report full-year earnings of ($0.30) per share for the current fiscal year. For the next financial year, analysts expect that the business will report earnings of ($0.30) per share. Zacks’ EPS calculations are a mean average based on a survey of sell-side research firms that that provide coverage for GTY Technology.

GTY Technology (NASDAQ:GTYHGet Rating) last issued its quarterly earnings results on Monday, May 9th. The company reported ($0.04) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.03. GTY Technology had a negative return on equity of 13.87% and a negative net margin of 89.04%. During the same quarter last year, the firm posted ($0.32) EPS.

A number of research analysts have weighed in on GTYH shares. DA Davidson lowered GTY Technology from a “buy” rating to a “neutral” rating in a research note on Friday, April 29th. Zacks Investment Research raised GTY Technology from a “strong sell” rating to a “hold” rating in a research report on Tuesday, April 26th. Craig Hallum lowered GTY Technology from a “buy” rating to a “hold” rating in a research report on Monday. Finally, Needham & Company LLC cut their target price on GTY Technology from $10.00 to $8.00 and set a “buy” rating on the stock in a research report on Friday, February 18th.

Shares of GTY Technology stock opened at $5.94 on Tuesday. GTY Technology has a fifty-two week low of $2.51 and a fifty-two week high of $8.09. The stock has a market cap of $343.24 million, a price-to-earnings ratio of -6.25 and a beta of -0.41. The business’s fifty day simple moving average is $3.71. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.09.

In related news, CEO Tj Parass acquired 6,400 shares of the business’s stock in a transaction on Wednesday, February 23rd. The shares were bought at an average cost of $4.49 per share, with a total value of $28,736.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 33.20% of the company’s stock.

Institutional investors have recently made changes to their positions in the company. Sandy Cove Advisors LLC acquired a new stake in shares of GTY Technology during the fourth quarter valued at about $35,000. Citigroup Inc. grew its stake in shares of GTY Technology by 119.9% during the fourth quarter. Citigroup Inc. now owns 8,406 shares of the company’s stock valued at $57,000 after acquiring an additional 4,583 shares in the last quarter. BNP Paribas Arbitrage SA grew its stake in shares of GTY Technology by 466.8% during the third quarter. BNP Paribas Arbitrage SA now owns 8,803 shares of the company’s stock valued at $66,000 after acquiring an additional 7,250 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of GTY Technology by 23.6% during the fourth quarter. JPMorgan Chase & Co. now owns 15,416 shares of the company’s stock valued at $104,000 after acquiring an additional 2,939 shares in the last quarter. Finally, D. E. Shaw & Co. Inc. acquired a new stake in shares of GTY Technology during the fourth quarter valued at about $105,000. Institutional investors own 44.54% of the company’s stock.

GTY Technology Company Profile (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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