GW&K Investment Management LLC decreased its position in shares of Tyler Technologies, Inc. (NYSE:TYL) by 9.6% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 445,871 shares of the technology company’s stock after selling 47,492 shares during the period. Tyler Technologies accounts for approximately 1.3% of GW&K Investment Management LLC’s portfolio, making the stock its 5th largest holding. GW&K Investment Management LLC’s holdings in Tyler Technologies were worth $78,941,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in TYL. Janus Henderson Group PLC increased its position in Tyler Technologies by 327.0% during the second quarter. Janus Henderson Group PLC now owns 1,865,432 shares of the technology company’s stock worth $327,700,000 after purchasing an additional 1,428,513 shares during the last quarter. Atlantic Trust Group LLC acquired a new position in Tyler Technologies during the third quarter worth approximately $76,095,000. Koch Industries Inc. increased its position in Tyler Technologies by 18,128.1% during the second quarter. Koch Industries Inc. now owns 401,747 shares of the technology company’s stock worth $399,000 after purchasing an additional 399,543 shares during the last quarter. Vanguard Group Inc. increased its position in Tyler Technologies by 5.7% during the second quarter. Vanguard Group Inc. now owns 2,804,393 shares of the technology company’s stock worth $492,648,000 after purchasing an additional 150,879 shares during the last quarter. Finally, Riverbridge Partners LLC increased its position in Tyler Technologies by 132.3% during the third quarter. Riverbridge Partners LLC now owns 253,326 shares of the technology company’s stock worth $44,160,000 after purchasing an additional 144,292 shares during the last quarter. 91.76% of the stock is currently owned by institutional investors and hedge funds.

Several equities analysts recently commented on TYL shares. Needham & Company LLC reaffirmed a “buy” rating on shares of Tyler Technologies in a research report on Tuesday, October 24th. Piper Jaffray Companies reaffirmed a “buy” rating and set a $200.00 price target on shares of Tyler Technologies in a research report on Friday, October 27th. Zacks Investment Research lowered shares of Tyler Technologies from a “buy” rating to a “hold” rating in a research report on Saturday, December 2nd. B. Riley lowered shares of Tyler Technologies from a “buy” rating to a “neutral” rating and set a $184.00 price target for the company. in a research report on Friday, October 27th. Finally, Citigroup started coverage on shares of Tyler Technologies in a research report 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 sell rating, one has assigned a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $195.50.

In related news, Director Larry D. Leinweber sold 64,612 shares of the firm’s stock in a transaction on Friday, December 15th. The shares were sold at an average price of $180.85, for a total transaction of $11,685,080.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Brian K. Miller sold 5,000 shares of the firm’s stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $176.86, for a total transaction of $884,300.00. Following the sale, the vice president now directly owns 55,694 shares of the company’s stock, valued at $9,850,040.84. The disclosure for this sale can be found here. Insiders sold 352,207 shares of company stock valued at $63,349,769 in the last three months. Company insiders own 10.30% of the company’s stock.

Tyler Technologies, Inc. (NYSE TYL) traded up $2.28 during trading on Friday, hitting $194.10. 107,275 shares of the stock traded hands, compared to its average volume of 141,062. Tyler Technologies, Inc. has a 52 week low of $143.38 and a 52 week high of $194.66. The firm has a market capitalization of $7,290.00, a price-to-earnings ratio of 49.90 and a beta of 0.98.

Tyler Technologies (NYSE:TYL) last released its quarterly earnings data on Wednesday, October 25th. The technology company reported $1.05 earnings per share (EPS) for the quarter, topping 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 company had revenue of $214.15 million during the quarter, compared to analyst estimates of $216.80 million. During the same quarter in the prior year, the business earned $0.94 earnings per share. The business’s quarterly revenue was up 10.1% compared to the same quarter last year. sell-side analysts anticipate that Tyler Technologies, Inc. will post 3.28 earnings per share for the current 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.

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

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