Capital Fund Management S.A. increased its position in shares of Tyler Technologies Inc. (NYSE:TYL) by 27.8% during the second quarter, Holdings Channel reports. The institutional investor owned 2,630 shares of the company’s stock after buying an additional 572 shares during the period. Capital Fund Management S.A.’s holdings in Tyler Technologies were worth $438,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently bought and sold shares of TYL. First Midwest Bank Trust Division raised its position in Tyler Technologies by 46.4% in the second quarter. First Midwest Bank Trust Division now owns 4,405 shares of the company’s stock worth $734,000 after buying an additional 1,397 shares in the last quarter. Strs Ohio increased its stake in shares of Tyler Technologies by 46.1% in the second quarter. Strs Ohio now owns 176,100 shares of the company’s stock worth $29,357,000 after buying an additional 55,600 shares during the last quarter. Bank of Montreal Can acquired a new stake in shares of Tyler Technologies during the second quarter worth approximately $6,007,000. LS Investment Advisors LLC increased its stake in shares of 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. Finally, IBM Retirement Fund acquired a new stake in shares of Tyler Technologies during the second quarter worth approximately $556,000. Institutional investors own 90.95% of the company’s stock.
Shares of Tyler Technologies Inc. (NYSE:TYL) traded down 0.25% during trading on Thursday, hitting $169.77. The stock had a trading volume of 134,149 shares. Tyler Technologies Inc. has a 1-year low of $118.16 and a 1-year high of $184.01. The stock’s 50-day moving average price is $169.61 and its 200 day moving average price is $157.09. The firm has a market capitalization of $6.17 billion, a P/E ratio of 98.93 and a beta of 1.28.
Tyler Technologies (NYSE:TYL) last issued its quarterly earnings results on Wednesday, July 27th. The company reported $0.87 EPS for the quarter, topping analysts’ consensus estimates of $0.84 by $0.03. Tyler Technologies had a return on equity of 13.07% and a net margin of 9.54%. The firm had revenue of $188.97 million for the quarter, compared to analysts’ expectations of $192.12 million. During the same period in the previous year, the firm posted $0.65 EPS. The business’s revenue for the quarter was up 29.2% compared to the same quarter last year. On average, analysts anticipate that Tyler Technologies Inc. will post $3.48 earnings per share for the current year.
A number of brokerages recently commented on TYL. B. Riley reaffirmed a “buy” rating and set a $176.00 price target on shares of Tyler Technologies in a research report on Friday, July 29th. KeyCorp increased their price target on Tyler Technologies from $176.00 to $178.00 and gave the company an “overweight” rating in a research report on Tuesday, September 13th. Pacific Crest reaffirmed a “buy” rating and set a $176.00 price target on shares of Tyler Technologies in a research report on Friday, July 29th. Evercore ISI raised Tyler Technologies from a “hold” rating to a “buy” rating and set a $184.00 price target for the company in a research report on Monday, June 27th. Finally, Benchmark Co. increased their price target on Tyler Technologies from $160.00 to $190.00 and gave the company a “buy” rating in a research report on Friday, July 29th. Two analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $179.16.
In related news, CFO Brian K. Miller sold 7,500 shares of the company’s stock in a transaction that occurred on Monday, September 12th. The stock was sold at an average price of $169.15, for a total value of $1,268,625.00. Following the transaction, the chief financial officer now directly owns 62,517 shares of the company’s stock, valued at approximately $10,574,750.55. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP H Lynn Moore, Jr. sold 8,968 shares of the company’s stock in a transaction that occurred on Thursday, September 15th. The shares were sold at an average price of $169.23, for a total value of $1,517,654.64. Following the completion of the transaction, the vice president now directly owns 71,683 shares in the company, valued at $12,130,914.09. The disclosure for this sale can be found here. 12.00% of the stock is owned by 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 provides professional information technology (IT) services to its clients, including software and hardware installation, data conversion, training and product modifications.
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