Advisor Group Inc. Has $361,000 Position in Tyler Technologies, Inc. (TYL)
Advisor Group Inc. lifted its position in shares of Tyler Technologies, Inc. (NYSE:TYL) by 36.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,070 shares of the technology company’s stock after acquiring an additional 553 shares during the period. Advisor Group Inc.’s holdings in Tyler Technologies were worth $361,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. YHB Investment Advisors Inc. bought a new stake in Tyler Technologies in the 2nd quarter worth approximately $209,000. Lakeview Capital Partners LLC bought a new stake in Tyler Technologies in the 2nd quarter worth approximately $211,000. CIBC Asset Management Inc bought a new stake in Tyler Technologies in the 3rd quarter worth approximately $218,000. D.A. Davidson & CO. grew its position in Tyler Technologies by 13.3% in the 2nd quarter. D.A. Davidson & CO. now owns 1,391 shares of the technology company’s stock worth $244,000 after purchasing an additional 163 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its position in Tyler Technologies by 8.8% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,412 shares of the technology company’s stock worth $248,000 after purchasing an additional 114 shares during the period. 90.92% of the stock is owned by institutional investors.
In other news, VP Brian K. Miller sold 9,760 shares of the business’s stock in a transaction dated Friday, September 15th. The shares were sold at an average price of $169.01, for a total value of $1,649,537.60. Following the sale, the vice president now directly owns 53,194 shares in the company, valued at approximately $8,990,317.94. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Brian K. Miller sold 4,500 shares of the business’s stock in a transaction dated Thursday, August 31st. The stock was sold at an average price of $172.89, for a total transaction of $778,005.00. Following the completion of the sale, the vice president now owns 55,194 shares in the company, valued at $9,542,490.66. The disclosure for this sale can be found here. In the last quarter, insiders sold 223,576 shares of company stock worth $38,757,711. Corporate insiders own 10.30% of the company’s stock.
Tyler Technologies, Inc. (NYSE:TYL) traded up $0.24 on Monday, hitting $176.87. 51,000 shares of the company were exchanged, compared to its average volume of 189,885. Tyler Technologies, Inc. has a 52 week low of $139.61 and a 52 week high of $183.98. The stock has a market cap of $6,644.65, a PE ratio of 54.25 and a beta of 0.99.
Tyler Technologies (NYSE:TYL) last released its earnings results on Wednesday, October 25th. The technology company reported $1.05 earnings per share for the quarter, beating analysts’ consensus estimates of $1.02 by $0.03. The company had revenue of $214.15 million for the quarter, compared to analysts’ expectations of $216.80 million. Tyler Technologies had a net margin of 16.34% and a return on equity of 12.81%. Tyler Technologies’s revenue for the quarter was up 10.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.94 EPS. equities research analysts predict that Tyler Technologies, Inc. will post 3.27 EPS for the current fiscal year.
A number of research firms have commented on TYL. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $200.00 target price on shares of Tyler Technologies in a research report on Friday, October 27th. B. Riley downgraded shares of Tyler Technologies from a “buy” rating to a “neutral” rating and set a $184.00 price objective for the company. in a research report on Friday, October 27th. Needham & Company LLC reissued a “buy” rating on shares of Tyler Technologies in a research report on Tuesday, October 24th. KeyCorp reissued a “buy” rating and set a $180.00 price objective on shares of Tyler Technologies in a research report on Friday, October 6th. Finally, Zacks Investment Research raised shares of Tyler Technologies from a “hold” rating to a “buy” rating and set a $198.00 price objective for the company in a research report on Wednesday, November 1st. One research analyst has rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $193.00.
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About Tyler Technologies
Tyler Technologies, Inc is a provider of information management solutions and services for the public sector, with a focus on local governments. The Company operates through two segments: Enterprise Software (ES) segment and The Appraisal and Tax (A&T) segment. ES segment provides municipal and county governments and schools with software systems and services for information technology and automation needs that includes back-office functions, such as financial management, courts and justice processes, public safety, planning regulatory and maintenance, and land and vital records management.
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