Nationwide Fund Advisors decreased its position in shares of Tyler Technologies, Inc. (NYSE:TYL) by 6.7% during the first quarter, according to its most recent filing with the SEC. The firm owned 367,424 shares of the technology company’s stock after selling 26,235 shares during the period. Nationwide Fund Advisors owned about 1.00% of Tyler Technologies worth $56,789,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Prudential Financial Inc. boosted its position in Tyler Technologies by 1.6% in the third quarter. Prudential Financial Inc. now owns 21,679 shares of the technology company’s stock worth $3,712,000 after buying an additional 336 shares during the last quarter. UBS Asset Management Americas Inc. boosted its position in Tyler Technologies by 5.6% in the third quarter. UBS Asset Management Americas Inc. now owns 25,572 shares of the technology company’s stock worth $4,379,000 after buying an additional 1,355 shares during the last quarter. Boys Arnold & Co. Inc. boosted its position in Tyler Technologies by 0.4% in the third quarter. Boys Arnold & Co. Inc. now owns 3,013 shares of the technology company’s stock worth $516,000 after buying an additional 13 shares during the last quarter. Public Employees Retirement Association of Colorado boosted its position in Tyler Technologies by 1,015.5% in the third quarter. Public Employees Retirement Association of Colorado now owns 95,976 shares of the technology company’s stock worth $16,434,000 after buying an additional 87,372 shares during the last quarter. Finally, WCM Investment Management CA boosted its position in Tyler Technologies by 33.5% in the third quarter. WCM Investment Management CA now owns 174,774 shares of the technology company’s stock worth $29,927,000 after buying an additional 43,906 shares during the last quarter. Institutional investors and hedge funds own 86.37% of the company’s stock.
Tyler Technologies, Inc. (NYSE:TYL) traded up 0.31% during mid-day trading on Friday, reaching $158.56. 141,162 shares of the company were exchanged. Tyler Technologies, Inc. has a 1-year low of $138.61 and a 1-year high of $175.77. The stock has a market capitalization of $5.84 billion, a price-to-earnings ratio of 56.23 and a beta of 1.00. The stock’s 50-day moving average price is $154.73 and its 200-day moving average price is $153.77.
Tyler Technologies (NYSE:TYL) last announced its quarterly earnings data on Wednesday, February 8th. The technology company reported $0.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.88 by $0.02. The business earned $195.10 million during the quarter, compared to analysts’ expectations of $197.78 million. Tyler Technologies had a return on equity of 13.50% and a net margin of 11.83%. The business’s quarterly revenue was up 21.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.59 EPS. On average, equities research analysts anticipate that Tyler Technologies, Inc. will post $3.87 EPS for the current fiscal year.
WARNING: This article was first reported by Ticker Report and is the property of of Ticker Report. If you are viewing this article on another domain, it was copied illegally and reposted in violation of U.S. and international trademark & copyright laws. The legal version of this article can be accessed at https://www.tickerreport.com/banking-finance/2486103/nationwide-fund-advisors-has-56-789-million-position-in-tyler-technologies-inc-tyl.html.
A number of research analysts have recently commented on the stock. B. Riley restated a “buy” rating and issued a $184.00 price target on shares of Tyler Technologies in a report on Friday, February 10th. Zacks Investment Research upgraded shares of Tyler Technologies from a “sell” rating to a “hold” rating in a report on Thursday, April 13th. Needham & Company LLC restated a “buy” rating and issued a $185.00 price target on shares of Tyler Technologies in a report on Thursday, February 9th. Finally, Maxim Group cut their price target on shares of Tyler Technologies from $210.00 to $197.00 and set a “buy” rating on the stock in a report on Thursday, February 9th. One analyst has rated the stock with a hold rating and eleven have issued a buy rating to the company. The company has an average rating of “Buy” and an average price target of $182.55.
In related news, CFO Brian K. Miller sold 5,984 shares of the business’s stock in a transaction that occurred on Wednesday, February 15th. The stock was sold at an average price of $155.51, for a total transaction of $930,571.84. Following the completion of the sale, the chief financial officer now owns 53,775 shares in the company, valued at $8,362,550.25. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Brian K. Miller sold 6,000 shares of the business’s stock in a transaction that occurred on Friday, February 17th. The stock was sold at an average price of $154.08, for a total value of $924,480.00. Following the sale, the chief financial officer now owns 53,151 shares of the company’s stock, valued at approximately $8,189,506.08. The disclosure for this sale can be found here. Insiders sold a total of 546,249 shares of company stock valued at $84,996,895 in the last quarter. 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 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.
Want to see what other hedge funds are holding TYL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Tyler Technologies, Inc. (NYSE:TYL).
Receive News & Ratings for Tyler Technologies Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tyler Technologies Inc. and related companies with MarketBeat.com's FREE daily email newsletter.