Connor Clark & Lunn Investment Management Ltd. Raises Stock Position in GTY Technology Holdings Inc. (NASDAQ:GTYH)

Connor Clark & Lunn Investment Management Ltd. grew its holdings in shares of GTY Technology Holdings Inc. (NASDAQ:GTYHGet Rating) by 65.9% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 45,618 shares of the company’s stock after purchasing an additional 18,125 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned about 0.08% of GTY Technology worth $147,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. BNP Paribas Arbitrage SA increased its stake in GTY Technology by 63.6% during the fourth quarter. BNP Paribas Arbitrage SA now owns 14,405 shares of the company’s stock worth $97,000 after purchasing an additional 5,602 shares during the period. Shepherd Kaplan Krochuk LLC grew its position in shares of GTY Technology by 122.7% during the first quarter. Shepherd Kaplan Krochuk LLC now owns 49,000 shares of the company’s stock worth $158,000 after buying an additional 27,000 shares in the last quarter. Stansberry Asset Management LLC grew its position in shares of GTY Technology by 137.1% during the fourth quarter. Stansberry Asset Management LLC now owns 202,028 shares of the company’s stock worth $1,354,000 after buying an additional 116,836 shares in the last quarter. Essex Investment Management Co. LLC acquired a new position in shares of GTY Technology during the fourth quarter worth about $1,719,000. Finally, Dimensional Fund Advisors LP grew its position in shares of GTY Technology by 10.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 300,065 shares of the company’s stock worth $2,010,000 after buying an additional 29,180 shares in the last quarter. 44.54% of the stock is currently owned by hedge funds and other institutional investors.

GTY Technology Stock Performance

Shares of GTY Technology stock opened at $6.30 on Wednesday. GTY Technology Holdings Inc. has a one year low of $2.51 and a one year high of $8.09. The company has a market cap of $374.28 million, a PE ratio of -8.87 and a beta of -0.42. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.81 and a current ratio of 0.81. The business has a 50-day simple moving average of $6.29 and a 200-day simple moving average of $5.17.

Wall Street Analyst Weigh In

Separately, TheStreet raised GTY Technology from a “d” rating to a “c-” rating in a research report on Wednesday, May 25th.

GTY Technology Profile

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

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