Nisa Investment Advisors LLC increased its stake in shares of Tyler Technologies, Inc. (NYSE:TYL) by 4.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 22,200 shares of the technology company’s stock after purchasing an additional 1,000 shares during the quarter. Nisa Investment Advisors LLC owned about 0.06% of Tyler Technologies worth $4,538,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Dock Street Asset Management Inc. bought a new stake in shares of Tyler Technologies during the fourth quarter valued at approximately $557,000. Rhumbline Advisers boosted its stake in Tyler Technologies by 32.8% in the fourth quarter. Rhumbline Advisers now owns 113,901 shares of the technology company’s stock valued at $21,165,000 after acquiring an additional 28,132 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its stake in Tyler Technologies by 28.1% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 211,568 shares of the technology company’s stock valued at $39,313,000 after acquiring an additional 46,379 shares during the last quarter. State of Alaska Department of Revenue boosted its stake in Tyler Technologies by 2.1% in the fourth quarter. State of Alaska Department of Revenue now owns 4,709 shares of the technology company’s stock valued at $875,000 after acquiring an additional 97 shares during the last quarter. Finally, Texas Permanent School Fund boosted its stake in Tyler Technologies by 4.5% in the fourth quarter. Texas Permanent School Fund now owns 25,405 shares of the technology company’s stock valued at $4,721,000 after acquiring an additional 1,086 shares during the last quarter. 90.58% of the stock is currently owned by institutional investors and hedge funds.
In other news, insider John S. Marr, Jr. sold 30,000 shares of Tyler Technologies stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $200.84, for a total transaction of $6,025,200.00. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Dustin R. Womble sold 3,676 shares of Tyler Technologies stock in a transaction on Friday, March 1st. The stock was sold at an average price of $206.87, for a total transaction of $760,454.12. Following the transaction, the director now directly owns 181,798 shares in the company, valued at $37,608,552.26. The disclosure for this sale can be found here. Over the last three months, insiders have sold 43,676 shares of company stock worth $8,798,254. Insiders own 4.40% of the company’s stock.
Shares of NYSE TYL opened at $218.48 on Monday. The firm has a market cap of $8.38 billion, a PE ratio of 58.42, a PEG ratio of 5.24 and a beta of 0.91. Tyler Technologies, Inc. has a twelve month low of $173.26 and a twelve month high of $252.47.
Tyler Technologies (NYSE:TYL) last announced its quarterly earnings results on Wednesday, February 20th. The technology company reported $1.26 earnings per share for the quarter, topping analysts’ consensus estimates of $0.97 by $0.29. The company had revenue of $242.00 million for the quarter, compared to analysts’ expectations of $244.65 million. Tyler Technologies had a net margin of 15.74% and a return on equity of 11.28%. The business’s quarterly revenue was up 11.2% compared to the same quarter last year. During the same period last year, the firm posted $1.07 earnings per share. On average, research analysts anticipate that Tyler Technologies, Inc. will post 4.17 EPS for the current year.
A number of equities analysts have issued reports on the stock. TheStreet raised shares of Tyler Technologies from a “c+” rating to a “b-” rating in a research note on Friday, February 15th. Zacks Investment Research cut shares of Tyler Technologies from a “hold” rating to a “sell” rating in a research note on Thursday, February 28th. Northcoast Research assumed coverage on shares of Tyler Technologies in a research note on Thursday, March 28th. They issued a “buy” rating and a $250.00 price objective on the stock. KeyCorp reaffirmed a “hold” rating on shares of Tyler Technologies in a research note on Monday, March 25th. Finally, ValuEngine cut shares of Tyler Technologies from a “buy” rating to a “hold” rating in a research note on Friday, February 22nd. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and six have issued a buy rating to the company. Tyler Technologies has a consensus rating of “Hold” and a consensus target price of $238.56.
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Tyler Technologies Company Profile
Tyler Technologies, Inc provides integrated information management solutions and services for the public sector in the United States and internationally. The company operates in two segments, Enterprise Software, and Appraisal and Tax. It offers financial management solutions, including modular fund accounting systems for government agencies or not-for-profit entities; utility billing systems for the billing and collection of metered and non-metered services; products to automate city and county functions, such as municipal courts, parking tickets, equipment and project costing, animal and business licenses, permits and inspections, code enforcement, citizen complaint tracking, ambulance billing, fleet maintenance, and cemetery records management; and student information and transportation solutions for K-12 schools.
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