Tyler Technologies, Inc. (NYSE:TYL) Stake Reduced by Sei Investments Co.

Sei Investments Co. decreased its stake in Tyler Technologies, Inc. (NYSE:TYL) by 6.8% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 66,323 shares of the technology company’s stock after selling 4,842 shares during the period. Sei Investments Co.’s holdings in Tyler Technologies were worth $11,651,000 as of its most recent filing with the SEC.

Other institutional investors have also added to or reduced their stakes in the company. Cue Financial Group Inc. boosted its position in Tyler Technologies by 0.6% in the second quarter. Cue Financial Group Inc. now owns 2,690 shares of the technology company’s stock valued at $473,000 after buying an additional 15 shares during the last quarter. Northwestern Mutual Investment Management Company LLC boosted its position in Tyler Technologies by 0.5% in the first quarter. Northwestern Mutual Investment Management Company LLC now owns 5,775 shares of the technology company’s stock valued at $893,000 after buying an additional 31 shares during the last quarter. Cambridge Investment Research Advisors Inc. boosted its position in Tyler Technologies by 2.2% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 3,180 shares of the technology company’s stock valued at $492,000 after buying an additional 67 shares during the last quarter. Metropolitan Life Insurance Co. NY boosted its position in Tyler Technologies by 0.3% in the first quarter. Metropolitan Life Insurance Co. NY now owns 32,544 shares of the technology company’s stock valued at $5,030,000 after buying an additional 84 shares during the last quarter. Finally, Tyers Asset Management LLC boosted its position in Tyler Technologies by 1.3% in the first quarter. Tyers Asset Management LLC now owns 7,776 shares of the technology company’s stock valued at $1,202,000 after buying an additional 96 shares during the last quarter. Institutional investors own 89.77% of the company’s stock.

Shares of Tyler Technologies, Inc. (TYL) opened at 169.46 on Thursday. Tyler Technologies, Inc. has a 12-month low of $139.61 and a 12-month high of $182.49. The company has a 50 day moving average price of $173.77 and a 200-day moving average price of $162.85. The firm has a market cap of $6.32 billion, a PE ratio of 50.77 and a beta of 0.95.

Tyler Technologies (NYSE:TYL) last posted its quarterly earnings data on Wednesday, July 26th. The technology company reported $0.91 EPS for the quarter, missing the Zacks’ consensus estimate of $0.94 by $0.03. Tyler Technologies had a net margin of 14.73% and a return on equity of 13.02%. The company had revenue of $209.12 million for the quarter, compared to analyst estimates of $210.67 million. During the same quarter in the prior year, the business earned $0.86 EPS. Tyler Technologies’s revenue was up 10.7% compared to the same quarter last year. Analysts expect that Tyler Technologies, Inc. will post $3.87 EPS for the current year.

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Several research firms have issued reports on TYL. B. Riley reiterated a “buy” rating and set a $184.00 target price on shares of Tyler Technologies in a research report on Sunday, May 14th. Maxim Group reiterated a “buy” rating and set a $197.00 target price on shares of Tyler Technologies in a research report on Thursday, April 27th. BidaskClub cut Tyler Technologies from a “strong-buy” rating to a “buy” rating in a report on Monday, July 31st. Finally, Zacks Investment Research cut Tyler Technologies from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 13th. One analyst has rated the stock with a sell rating and six have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $187.17.

In related news, VP Brian K. Miller sold 1,240 shares of the firm’s stock in a transaction that occurred on Monday, June 5th. The shares were sold at an average price of $174.50, for a total transaction of $216,380.00. Following the transaction, the vice president now owns 47,989 shares in the company, valued at $8,374,080.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Larry D. Leinweber sold 19,021 shares of the firm’s stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $170.18, for a total transaction of $3,236,993.78. The disclosure for this sale can be found here. Insiders have sold 234,753 shares of company stock worth $40,089,621 in the last quarter. Company 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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Institutional Ownership by Quarter for Tyler Technologies (NYSE:TYL)

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