Tyler Technologies, Inc. (TYL) Shares Bought by California Public Employees Retirement System
California Public Employees Retirement System boosted its holdings in Tyler Technologies, Inc. (NYSE:TYL) by 2.2% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 75,200 shares of the technology company’s stock after buying an additional 1,600 shares during the period. California Public Employees Retirement System owned 0.20% of Tyler Technologies worth $13,210,000 at the end of the most recent reporting period.
Other large investors have also modified their holdings of the company. YHB Investment Advisors Inc. acquired a new stake in Tyler Technologies in the 2nd quarter worth about $209,000. Lakeview Capital Partners LLC acquired a new stake in Tyler Technologies in the 2nd quarter worth about $211,000. D.A. Davidson & CO. boosted its stake 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 buying an additional 163 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake 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 buying an additional 114 shares during the last quarter. Finally, Fiduciary Trust Co. acquired a new stake in Tyler Technologies in the 2nd quarter worth about $250,000. 90.51% of the stock is currently owned by hedge funds and other institutional investors.
In other Tyler Technologies news, Director Donald R. Brattain sold 2,500 shares of the company’s stock in a transaction dated Wednesday, August 9th. The stock was sold at an average price of $167.75, for a total value of $419,375.00. Following the transaction, the director now directly owns 15,220 shares of the company’s stock, valued at approximately $2,553,155. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO John S. Marr, Jr. sold 24,627 shares of the company’s stock in a transaction dated Thursday, August 24th. The stock was sold at an average price of $170.23, for a total value of $4,192,254.21. Following the completion of the transaction, the chief executive officer now directly owns 339,457 shares in the company, valued at $57,785,765.11. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 243,357 shares of company stock worth $41,622,109. Insiders own 10.30% of the company’s stock.
A number of analysts have issued reports on the company. B. Riley reissued a “buy” rating and issued a $184.00 price target on shares of Tyler Technologies in a research note on Wednesday, August 2nd. BidaskClub raised Tyler Technologies from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, August 23rd. Zacks Investment Research raised Tyler Technologies from a “sell” rating to a “hold” rating in a research note on Saturday, August 19th. Northland Securities reissued a “buy” rating and issued a $200.00 price target on shares of Tyler Technologies in a research note on Thursday, September 21st. Finally, Maxim Group set a $197.00 price target on Tyler Technologies and gave the stock a “buy” rating in a research note on Thursday, July 27th. One investment analyst has rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $194.33.
Tyler Technologies, Inc. (NYSE:TYL) opened at 175.31 on Thursday. The firm has a market capitalization of $6.54 billion, a price-to-earnings ratio of 52.52 and a beta of 0.93. The stock has a 50 day moving average price of $171.19 and a 200 day moving average price of $168.11. Tyler Technologies, Inc. has a 1-year low of $139.61 and a 1-year high of $182.49.
Tyler Technologies (NYSE:TYL) last posted its quarterly earnings results on Wednesday, July 26th. The technology company reported $0.91 earnings per share for the quarter, missing the consensus estimate of $0.94 by ($0.03). Tyler Technologies had a net margin of 14.73% and a return on equity of 13.02%. The business had revenue of $209.12 million for 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 firm’s quarterly revenue was up 10.7% on a year-over-year basis. Analysts predict that Tyler Technologies, Inc. will post $3.86 EPS for the current year.
Tyler Technologies Company 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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