World Asset Management Inc increased its stake in shares of Tyler Technologies, Inc. (NYSE:TYL) by 5.1% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 2,475 shares of the technology company’s stock after buying an additional 119 shares during the period. World Asset Management Inc’s holdings in Tyler Technologies were worth $435,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. BlackRock Inc. boosted its position in Tyler Technologies by 16,997.6% in the first quarter. BlackRock Inc. now owns 2,737,663 shares of the technology company’s stock valued at $423,133,000 after buying an additional 2,721,651 shares in the last quarter. Vanguard Group Inc. boosted its position in Tyler Technologies by 5.3% in the first quarter. Vanguard Group Inc. now owns 2,653,514 shares of the technology company’s stock valued at $410,127,000 after buying an additional 134,200 shares in the last quarter. Brown Capital Management LLC boosted its position in Tyler Technologies by 2.3% in the first quarter. Brown Capital Management LLC now owns 2,236,904 shares of the technology company’s stock valued at $345,736,000 after buying an additional 49,484 shares in the last quarter. Janus Capital Management LLC boosted its position in Tyler Technologies by 11.8% in the first quarter. Janus Capital Management LLC now owns 1,509,335 shares of the technology company’s stock valued at $233,283,000 after buying an additional 159,345 shares in the last quarter. Finally, TimesSquare Capital Management LLC boosted its position in Tyler Technologies by 8.0% in the first quarter. TimesSquare Capital Management LLC now owns 880,630 shares of the technology company’s stock valued at $136,110,000 after buying an additional 65,170 shares in the last quarter. Institutional investors and hedge funds own 89.77% of the company’s stock.

Tyler Technologies, Inc. (TYL) opened at 169.53 on Friday. The company has a market cap of $6.32 billion, a PE ratio of 50.79 and a beta of 0.95. Tyler Technologies, Inc. has a 1-year low of $139.61 and a 1-year high of $182.49. The firm’s 50-day moving average is $173.53 and its 200 day moving average is $163.05.

Tyler Technologies (NYSE:TYL) last announced its quarterly earnings results on Wednesday, July 26th. The technology company reported $0.91 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.94 by $0.03. Tyler Technologies had a net margin of 15.10% and a return on equity of 12.77%. The company had revenue of $209.12 million during the quarter, compared to analyst estimates of $210.67 million. During the same period in the previous year, the firm posted $0.86 earnings per share. The company’s revenue was up 10.7% compared to the same quarter last year. Analysts predict that Tyler Technologies, Inc. will post $3.87 earnings per share for the current fiscal year.

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TYL has been the topic of several research analyst reports. B. Riley restated a “buy” rating and set a $184.00 target price on shares of Tyler Technologies in a research note on Tuesday, May 9th. BidaskClub cut shares of Tyler Technologies from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 31st. Zacks Investment Research upgraded shares of Tyler Technologies from a “hold” rating to a “strong-buy” rating and set a $201.00 target price on the stock in a research note on Thursday, June 29th. Finally, Maxim Group set a $197.00 target price on shares of Tyler Technologies and gave the company a “buy” rating in a research note on Monday, July 17th. One investment analyst has rated the stock with a sell rating and six have issued a buy rating to the company. Tyler Technologies currently has an average rating of “Buy” and an average price target of $187.17.

In other Tyler Technologies news, CEO John S. Marr, Jr. sold 23,960 shares of the business’s stock in a transaction that occurred on Wednesday, May 17th. The stock was sold at an average price of $167.69, for a total value of $4,017,852.40. Following the completion of the transaction, the chief executive officer now directly owns 355,437 shares of the company’s stock, valued at $59,603,230.53. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Donald R. Brattain sold 2,500 shares of the business’s stock in a transaction that occurred on Wednesday, August 9th. The shares were sold at an average price of $167.75, for a total value of $419,375.00. Following the completion of the transaction, the director now directly owns 15,220 shares of the company’s stock, valued at $2,553,155. The disclosure for this sale can be found here. Insiders sold 237,253 shares of company stock valued at $40,508,996 over the last three months. 10.30% of the stock is currently owned by corporate insiders.

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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