Parametric Portfolio Associates LLC Purchases 5,263 Shares of Tyler Technologies, Inc. (TYL)
Parametric Portfolio Associates LLC raised its position in Tyler Technologies, Inc. (NYSE:TYL) by 7.8% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 72,455 shares of the technology company’s stock after acquiring an additional 5,263 shares during the quarter. Parametric Portfolio Associates LLC owned approximately 0.19% of Tyler Technologies worth $12,728,000 as of its most recent SEC filing.
Other institutional investors have also recently modified their holdings of the company. YHB Investment Advisors Inc. purchased a new position in Tyler Technologies in the second quarter worth approximately $209,000. Lakeview Capital Partners LLC purchased a new position in Tyler Technologies in the second quarter worth approximately $211,000. D.A. Davidson & CO. lifted its stake in Tyler Technologies by 13.3% in the second quarter. D.A. Davidson & CO. now owns 1,391 shares of the technology company’s stock worth $244,000 after acquiring an additional 163 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Tyler Technologies by 8.8% in the second 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 during the last quarter. Finally, Fiduciary Trust Co. purchased a new position in Tyler Technologies in the second quarter worth approximately $250,000. Institutional investors own 90.51% of the company’s stock.
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In other news, Director Larry D. Leinweber sold 36,000 shares of the stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $171.82, for a total transaction of $6,185,520.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Brian K. Miller sold 4,500 shares of the stock in a transaction that occurred on Thursday, August 31st. The shares were sold at an average price of $172.89, for a total value of $778,005.00. Following the transaction, the vice president now owns 55,194 shares of the company’s stock, valued at $9,542,490.66. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 243,357 shares of company stock valued at $41,622,109. Company insiders own 10.30% of the company’s stock.
Shares of Tyler Technologies, Inc. (NYSE TYL) opened at 178.25 on Tuesday. The firm’s 50-day moving average is $171.76 and its 200-day moving average is $168.69. The firm has a market cap of $6.65 billion, a PE ratio of 53.40 and a beta of 0.93. Tyler Technologies, Inc. has a 12-month low of $139.61 and a 12-month high of $182.49.
Tyler Technologies (NYSE:TYL) last released its earnings results on Wednesday, July 26th. The technology company reported $0.91 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.94 by ($0.03). The business had revenue of $209.12 million for the quarter, compared to analysts’ expectations of $210.67 million. Tyler Technologies had a net margin of 14.73% and a return on equity of 13.02%. The business’s quarterly revenue was up 10.7% compared to the same quarter last year. During the same quarter last year, the company posted $0.86 earnings per share. Equities analysts expect that Tyler Technologies, Inc. will post $3.86 earnings per share for the current fiscal year.
A number of research analysts recently issued reports on TYL shares. Northland Securities reiterated a “buy” rating and issued a $200.00 price target on shares of Tyler Technologies in a research note on Thursday, September 21st. BidaskClub upgraded shares of Tyler Technologies from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, August 23rd. Zacks Investment Research upgraded shares of Tyler Technologies from a “sell” rating to a “hold” rating in a research note on Saturday, August 19th. Piper Jaffray Companies reiterated a “buy” rating and issued a $200.00 price target on shares of Tyler Technologies in a research note on Sunday, August 27th. Finally, 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 Monday, July 17th. One equities research analyst has rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $192.29.
Tyler Technologies 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 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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