Advisors Asset Management Inc. held its position in shares of Tyler Technologies Inc. (NYSE:TYL) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 900 shares of the company’s stock at the end of the second quarter. Advisors Asset Management Inc.’s holdings in Tyler Technologies were worth $150,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also modified their holdings of the company. Strs Ohio increased its position in shares of Tyler Technologies by 46.1% in the second quarter. Strs Ohio now owns 176,100 shares of the company’s stock valued at $29,357,000 after buying an additional 55,600 shares during the period. BlackRock Group LTD increased its position in shares of Tyler Technologies by 13.2% in the first quarter. BlackRock Group LTD now owns 19,897 shares of the company’s stock valued at $2,559,000 after buying an additional 2,320 shares during the period. State Street Corp increased its position in shares of Tyler Technologies by 1.6% in the first quarter. State Street Corp now owns 1,073,305 shares of the company’s stock valued at $138,031,000 after buying an additional 16,894 shares during the period. BlackRock Inc. increased its position in shares of Tyler Technologies by 9.3% in the first quarter. BlackRock Inc. now owns 12,766 shares of the company’s stock valued at $1,642,000 after buying an additional 1,083 shares during the period. Finally, Geode Capital Management LLC increased its position in shares of Tyler Technologies by 5.1% in the first quarter. Geode Capital Management LLC now owns 212,497 shares of the company’s stock valued at $27,329,000 after buying an additional 10,249 shares during the period. Institutional investors own 90.95% of the company’s stock.
Shares of Tyler Technologies Inc. (NYSE:TYL) traded down 0.92% on Friday, hitting $169.57. 91,454 shares of the stock traded hands. Tyler Technologies Inc. has a 52 week low of $118.16 and a 52 week high of $184.01. The firm has a market capitalization of $6.16 billion, a PE ratio of 98.82 and a beta of 1.28. The firm’s 50 day moving average is $168.96 and its 200 day moving average is $155.75.
Tyler Technologies (NYSE:TYL) last released its quarterly earnings results on Wednesday, July 27th. The company reported $0.87 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.84 by $0.03. Tyler Technologies had a net margin of 9.54% and a return on equity of 13.07%. The business had revenue of $188.97 million for the quarter, compared to the consensus estimate of $192.12 million. During the same period in the prior year, the company posted $0.65 earnings per share. Tyler Technologies’s revenue was up 29.2% compared to the same quarter last year. On average, analysts expect that Tyler Technologies Inc. will post $3.48 EPS for the current fiscal year.
Several analysts have recently issued reports on TYL shares. Zacks Investment Research cut shares of Tyler Technologies from a “buy” rating to a “hold” rating in a research note on Thursday, September 29th. KeyCorp boosted their price objective on shares of Tyler Technologies from $176.00 to $178.00 and gave the company an “overweight” rating in a research note on Tuesday, September 13th. Benchmark Co. boosted their price objective on shares of Tyler Technologies from $160.00 to $190.00 and gave the company a “buy” rating in a research note on Friday, July 29th. Piper Jaffray Cos. started coverage on shares of Tyler Technologies in a research note on Monday, July 25th. They set an “overweight” rating and a $200.00 price objective for the company. Finally, Evercore Partners Inc. raised shares of Tyler Technologies to a “buy” rating in a research note on Monday, June 27th. Two research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. Tyler Technologies currently has an average rating of “Buy” and an average target price of $179.16.
In other Tyler Technologies news, Director Luther King, Jr. sold 1,800 shares of the firm’s stock in a transaction dated Friday, August 5th. The shares were sold at an average price of $160.76, for a total value of $289,368.00. Following the transaction, the director now directly owns 72,864 shares of the company’s stock, valued at approximately $11,713,616.64. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Brian K. Miller sold 6,485 shares of the firm’s stock in a transaction dated Thursday, September 15th. The shares were sold at an average price of $173.01, for a total transaction of $1,121,969.85. Following the completion of the transaction, the chief financial officer now directly owns 52,775 shares in the company, valued at $9,130,602.75. The disclosure for this sale can be found here. 12.00% of the stock is currently owned by corporate insiders.
Tyler Technologies Company Profile
Tyler Technologies, Inc is a provider of information management solutions and services for the public sector, with a focus on local governments. The Company provides professional information technology (IT) services to its clients, including software and hardware installation, data conversion, training and product modifications.
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