Nwam LLC purchased a new stake in Tyler Technologies, Inc. (NYSE:TYL) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 782 shares of the technology company’s stock, valued at approximately $205,000.
A number of other hedge funds and other institutional investors have also bought and sold shares of TYL. Cerebellum GP LLC grew its position in Tyler Technologies by 25.0% in the third quarter. Cerebellum GP LLC now owns 250 shares of the technology company’s stock valued at $66,000 after acquiring an additional 50 shares in the last quarter. Zions Bancorporation N.A. grew its position in shares of Tyler Technologies by 6.2% during the second quarter. Zions Bancorporation N.A. now owns 971 shares of the technology company’s stock worth $210,000 after buying an additional 57 shares in the last quarter. Stephens Inc. AR grew its position in shares of Tyler Technologies by 1.4% during the second quarter. Stephens Inc. AR now owns 4,153 shares of the technology company’s stock worth $897,000 after buying an additional 58 shares in the last quarter. Bessemer Group Inc. grew its position in shares of Tyler Technologies by 3.4% during the second quarter. Bessemer Group Inc. now owns 2,067 shares of the technology company’s stock worth $446,000 after buying an additional 67 shares in the last quarter. Finally, Rehmann Capital Advisory Group grew its position in shares of Tyler Technologies by 15.6% during the second quarter. Rehmann Capital Advisory Group now owns 540 shares of the technology company’s stock worth $117,000 after buying an additional 73 shares in the last quarter. Hedge funds and other institutional investors own 87.72% of the company’s stock.
In related news, CFO Brian K. Miller sold 2,500 shares of Tyler Technologies stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $258.84, for a total transaction of $647,100.00. Following the sale, the chief financial officer now directly owns 49,716 shares in the company, valued at $12,868,489.44. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Brenda A. Cline sold 5,000 shares of Tyler Technologies stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $256.91, for a total transaction of $1,284,550.00. Following the sale, the director now owns 7,099 shares in the company, valued at $1,823,804.09. The disclosure for this sale can be found here. Insiders sold 127,704 shares of company stock worth $32,713,354 over the last quarter. 4.40% of the stock is currently owned by company insiders.
Tyler Technologies (NYSE:TYL) last announced its quarterly earnings data on Wednesday, July 31st. The technology company reported $1.06 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.01 by $0.05. Tyler Technologies had a return on equity of 11.44% and a net margin of 12.96%. The firm had revenue of $275.10 million for the quarter, compared to analysts’ expectations of $274.88 million. During the same period last year, the business posted $1.18 earnings per share. The firm’s revenue for the quarter was up 16.5% on a year-over-year basis. Sell-side analysts expect that Tyler Technologies, Inc. will post 4.16 EPS for the current year.
TYL has been the subject of a number of recent analyst reports. Northland Securities reissued a “buy” rating on shares of Tyler Technologies in a research report on Thursday, August 1st. KeyCorp restated a “hold” rating on shares of Tyler Technologies in a research note on Thursday, August 1st. Needham & Company LLC raised their price objective on Tyler Technologies to $280.00 and gave the stock a “buy” rating in a research note on Friday, August 2nd. Zacks Investment Research upgraded Tyler Technologies from a “hold” rating to a “buy” rating and set a $291.00 price objective on the stock in a research note on Thursday, October 10th. Finally, JMP Securities raised their price objective on Tyler Technologies from $245.00 to $286.00 and gave the stock a “market outperform” rating in a research note on Friday, September 27th. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Tyler Technologies presently has a consensus rating of “Buy” and a consensus price target of $265.78.
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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