American International Group Inc. raised its holdings in shares of Tyler Technologies, Inc. (NYSE:TYL) by 2.7% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 70,972 shares of the technology company’s stock after acquiring an additional 1,863 shares during the quarter. American International Group Inc. owned approximately 0.19% of Tyler Technologies worth $12,372,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the company. Alps Advisors Inc. grew its stake in shares of Tyler Technologies by 0.3% during the 2nd quarter. Alps Advisors Inc. now owns 3,084 shares of the technology company’s stock worth $542,000 after acquiring an additional 8 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its stake in shares of Tyler Technologies by 0.6% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 4,925 shares of the technology company’s stock worth $865,000 after acquiring an additional 30 shares in the last quarter. Teacher Retirement System of Texas grew its stake in shares of Tyler Technologies by 1.7% during the 2nd quarter. Teacher Retirement System of Texas now owns 2,789 shares of the technology company’s stock worth $490,000 after acquiring an additional 47 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Tyler Technologies by 8.8% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,412 shares of the technology company’s stock worth $248,000 after acquiring an additional 114 shares in the last quarter. Finally, World Asset Management Inc grew its stake in shares of Tyler Technologies by 5.1% during the 2nd quarter. World Asset Management Inc now owns 2,475 shares of the technology company’s stock worth $435,000 after acquiring an additional 119 shares in the last quarter. 90.92% of the stock is owned by institutional investors.

In related news, Director Luther King, Jr. sold 1,500 shares of the firm’s stock in a transaction on Monday, October 30th. The shares were sold at an average price of $176.95, for a total value of $265,425.00. Following the completion of the transaction, the director now directly owns 72,864 shares of the company’s stock, valued at $12,893,284.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Brian K. Miller sold 4,500 shares of the firm’s stock in a transaction on Thursday, August 31st. The shares were sold at an average price of $172.89, for a total transaction of $778,005.00. Following the completion of the transaction, the vice president now directly owns 55,194 shares of the company’s stock, valued at $9,542,490.66. The disclosure for this sale can be found here. Insiders sold 217,576 shares of company stock valued at $37,693,071 over the last three months. 10.30% of the stock is owned by company insiders.

Several equities analysts have recently weighed in on the stock. B. Riley reaffirmed a “neutral” rating and set a $184.00 price target on shares of Tyler Technologies in a research note on Thursday, October 26th. Zacks Investment Research raised shares of Tyler Technologies from a “hold” rating to a “buy” rating and set a $198.00 price target for the company in a research note on Wednesday, November 1st. KeyCorp reaffirmed a “buy” rating and set a $180.00 price target on shares of Tyler Technologies in a research note on Friday, October 6th. Maxim Group set a $197.00 price target on shares of Tyler Technologies and gave the stock a “buy” rating in a research note on Thursday, October 26th. Finally, Citigroup Inc. assumed coverage on shares of Tyler Technologies in a research note on Friday, September 22nd. They set a “buy” rating and a $200.00 price target for the company. One analyst has rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $193.00.

Tyler Technologies, Inc. (NYSE:TYL) traded up $0.24 during trading hours on Friday, hitting $176.87. 51,002 shares of the company traded hands, compared to its average volume of 159,645. Tyler Technologies, Inc. has a twelve month low of $139.61 and a twelve month high of $183.98. The company has a market capitalization 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 the consensus estimate of $1.02 by $0.03. Tyler Technologies had a net margin of 16.34% and a return on equity of 12.81%. The business had revenue of $214.15 million during the quarter, compared to analysts’ expectations of $216.80 million. During the same period last year, the business earned $0.94 earnings per share. The firm’s revenue was up 10.1% on a year-over-year basis. analysts anticipate that Tyler Technologies, Inc. will post 3.27 EPS for the current fiscal year.

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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.

Institutional Ownership by Quarter for Tyler Technologies (NYSE:TYL)

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