Insight Capital Research & Management Inc. reduced its position in Tyler Technologies Inc. (NYSE:TYL) by 10.0% during the second quarter, Holdings Channel reports. The institutional investor owned 7,941 shares of the company’s stock after selling 879 shares during the period. Insight Capital Research & Management Inc.’s holdings in Tyler Technologies were worth $1,324,000 as of its most recent SEC filing.
Other hedge funds also recently made changes to their positions in the company. Creative Planning raised its position in Tyler Technologies by 437.2% in the second quarter. Creative Planning now owns 650 shares of the company’s stock worth $108,000 after buying an additional 529 shares during the last quarter. Barclays PLC raised its position in Tyler Technologies by 284.6% in the first quarter. Barclays PLC now owns 2,200 shares of the company’s stock worth $282,000 after buying an additional 1,628 shares during the last quarter. LS Investment Advisors LLC raised its position in Tyler Technologies by 68.6% in the second quarter. LS Investment Advisors LLC now owns 1,966 shares of the company’s stock worth $328,000 after buying an additional 800 shares during the last quarter. Huntington Asset Advisors Inc. acquired a new position in Tyler Technologies during the first quarter worth approximately $386,000. Finally, Capital Fund Management S.A. raised its position in Tyler Technologies by 27.8% in the second quarter. Capital Fund Management S.A. now owns 2,630 shares of the company’s stock worth $438,000 after buying an additional 572 shares during the last quarter. 90.95% of the stock is owned by institutional investors.
Shares of Tyler Technologies Inc. (NYSE:TYL) traded down 0.01% on Tuesday, hitting $170.51. The stock had a trading volume of 187,962 shares. Tyler Technologies Inc. has a 12-month low of $118.16 and a 12-month high of $184.01. The company has a 50 day moving average of $168.49 and a 200-day moving average of $155.53. The firm has a market capitalization of $6.20 billion, a P/E ratio of 99.36 and a beta of 1.28.
Tyler Technologies (NYSE:TYL) last issued its quarterly earnings data on Wednesday, July 27th. The company reported $0.87 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.84 by $0.03. The firm earned $188.97 million during the quarter, compared to the consensus estimate of $192.12 million. Tyler Technologies had a net margin of 9.54% and a return on equity of 13.07%. The business’s revenue for the quarter was up 29.2% compared to the same quarter last year. During the same period last year, the business posted $0.65 earnings per share. Equities analysts predict that Tyler Technologies Inc. will post $3.48 EPS for the current fiscal year.
A number of equities analysts have recently commented on the company. Zacks Investment Research lowered Tyler Technologies from a “buy” rating to a “hold” rating in a research note on Thursday, September 29th. Pacific Crest restated a “buy” rating and set a $178.00 price target (up from $176.00) on shares of Tyler Technologies in a research note on Tuesday, September 13th. KeyCorp boosted their price target on Tyler Technologies from $176.00 to $178.00 and gave the company an “overweight” rating in a research note on Tuesday, September 13th. B. Riley restated a “buy” rating and set a $176.00 price target on shares of Tyler Technologies in a research note on Wednesday, August 3rd. Finally, Benchmark Co. boosted their price target on Tyler Technologies from $160.00 to $190.00 and gave the company a “buy” rating in a research note on Friday, July 29th. Two research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $179.16.
In other Tyler Technologies news, Director Luther King, Jr. sold 500 shares of the firm’s stock in a transaction that occurred on Tuesday, August 9th. The shares were sold at an average price of $160.40, for a total transaction of $80,200.00. Following the completion of the sale, the director now directly owns 72,864 shares in the company, valued at $11,687,385.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Luther King, Jr. sold 1,800 shares of the firm’s stock in a transaction that occurred on Friday, August 5th. The stock was sold at an average price of $160.76, for a total transaction of $289,368.00. Following the sale, the director now owns 72,864 shares of the company’s stock, valued at $11,713,616.64. The disclosure for this sale can be found here. Company insiders own 12.00% 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 provides professional information technology (IT) services to its clients, including software and hardware installation, data conversion, training and product modifications.
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