Tyler Technologies, Inc. (TYL) Stake Maintained by Capital Analysts LLC
Capital Analysts LLC maintained its position in shares of Tyler Technologies, Inc. (NYSE:TYL) during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 1,700 shares of the technology company’s stock at the end of the second quarter. Capital Analysts LLC’s holdings in Tyler Technologies were worth $299,000 as of its most recent filing with the SEC.
Several other institutional investors have also recently modified their holdings of TYL. BlackRock Inc. increased its position in shares of 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 during the period. Vanguard Group Inc. increased its position in shares of 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 during the period. Brown Capital Management LLC increased its position in shares of 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 during the period. Janus Capital Management LLC increased its position in shares of 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 during the period. Finally, TimesSquare Capital Management LLC increased its position in shares of 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 during the period. 91.00% of the stock is owned by hedge funds and other institutional investors.
Tyler Technologies, Inc. (NYSE TYL) opened at 169.05 on Wednesday. Tyler Technologies, Inc. has a 12 month low of $139.61 and a 12 month high of $182.49. The company’s 50-day moving average is $172.62 and its 200-day moving average is $164.75. The company has a market cap of $6.31 billion, a P/E ratio of 50.64 and a beta of 0.95.
Tyler Technologies (NYSE:TYL) last announced its earnings results on Wednesday, July 26th. The technology company reported $0.91 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 return on equity of 13.02% and a net margin of 14.73%. The business’s revenue was up 10.7% on a year-over-year basis. During the same quarter last year, the business posted $0.86 earnings per share. On average, equities research analysts expect that Tyler Technologies, Inc. will post $3.87 EPS for the current fiscal year.
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TYL has been the subject of several recent analyst reports. B. Riley reaffirmed a “buy” rating and set a $184.00 price objective on shares of Tyler Technologies in a research note on Tuesday, May 9th. BidaskClub upgraded shares of Tyler Technologies from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, August 23rd. Zacks Investment Research upgraded shares of Tyler Technologies from a “sell” rating to a “hold” rating in a research report on Saturday, August 19th. Piper Jaffray Companies reiterated a “buy” rating and set a $200.00 price target on shares of Tyler Technologies in a research report on Sunday. Finally, Maxim Group set a $197.00 price target on shares of Tyler Technologies and gave the company a “buy” rating in a research report on Monday, July 17th. One investment analyst has rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $189.00.
In related news, Director Donald R. Brattain sold 2,500 shares of Tyler Technologies stock in a transaction 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 transaction, the director now directly owns 15,220 shares in the company, valued at approximately $2,553,155. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Larry D. Leinweber sold 36,000 shares of Tyler Technologies stock in a transaction on Thursday, June 1st. The shares were sold at an average price of $170.54, for a total transaction of $6,139,440.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 242,769 shares of company stock worth $41,509,599. Insiders own 10.30% of the company’s stock.
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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