GTY Technology (NASDAQ:GTYH) Upgraded at ValuEngine

ValuEngine upgraded shares of GTY Technology (NASDAQ:GTYH) from a hold rating to a buy rating in a report published on Thursday, ValuEngine reports.

Separately, Needham & Company LLC started coverage on shares of GTY Technology in a report on Tuesday, July 9th. They set a buy rating and a $10.00 price objective for the company.

Shares of GTYH stock traded down $0.05 during trading hours on Thursday, reaching $6.78. 74,368 shares of the stock were exchanged, compared to its average volume of 65,741. GTY Technology has a 12-month low of $6.16 and a 12-month high of $12.24. The company has a current ratio of 0.61, a quick ratio of 0.61 and a debt-to-equity ratio of 0.01. The stock’s 50-day moving average is $6.96.

GTY Technology (NASDAQ:GTYH) last released its quarterly earnings results on Monday, May 13th. The company reported ($0.83) EPS for the quarter. The company had revenue of $3.03 million for the quarter.

Institutional investors and hedge funds have recently made changes to their positions in the stock. FNY Investment Advisers LLC bought a new stake in GTY Technology during the 2nd quarter valued at about $85,000. Stifel Financial Corp bought a new stake in GTY Technology during the 4th quarter valued at about $779,000. Keeley Teton Advisors LLC bought a new stake in GTY Technology during the 1st quarter valued at about $5,365,000. Finally, Janus Henderson Group PLC lifted its holdings in GTY Technology by 101.5% during the 1st quarter. Janus Henderson Group PLC now owns 3,301,916 shares of the company’s stock valued at $29,057,000 after buying an additional 1,663,444 shares in the last quarter. Institutional investors own 22.95% of the company’s stock.

About GTY Technology

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.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

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