Arizona State Retirement System increased its stake in shares of Tyler Technologies, Inc. (NYSE:TYL) by 8.1% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 13,900 shares of the technology company’s stock after buying an additional 1,041 shares during the period. Arizona State Retirement System’s holdings in Tyler Technologies were worth $2,148,000 as of its most recent SEC filing.
Several other institutional investors also recently made changes to their positions in TYL. Public Employees Retirement Association of Colorado boosted its position in shares of 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 valued at $16,434,000 after buying an additional 87,372 shares during the period. Profund Advisors LLC raised its stake in Tyler Technologies by 27.4% in the third quarter. Profund Advisors LLC now owns 4,642 shares of the technology company’s stock valued at $795,000 after buying an additional 999 shares in the last quarter. HighVista Strategies LLC acquired a new stake in Tyler Technologies during the third quarter valued at about $2,928,000. OMERS ADMINISTRATION Corp acquired a new stake in Tyler Technologies during the third quarter valued at about $325,000. Finally, Advantus Capital Management Inc raised its stake in Tyler Technologies by 2.5% in the third quarter. Advantus Capital Management Inc now owns 4,037 shares of the technology company’s stock valued at $691,000 after buying an additional 100 shares in the last quarter. Institutional investors own 90.00% of the company’s stock.
Tyler Technologies, Inc. (TYL) traded up 0.25% on Friday, hitting $169.83. The stock had a trading volume of 355,465 shares. The firm has a market cap of $6.30 billion, a price-to-earnings ratio of 53.39 and a beta of 0.97. The company’s 50 day moving average price is $168.63 and its 200 day moving average price is $155.77. Tyler Technologies, Inc. has a 52-week low of $139.61 and a 52-week high of $175.77.
Tyler Technologies (NYSE:TYL) last released its earnings results on Wednesday, April 26th. The technology company reported $0.75 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.74 by $0.01. The company had revenue of $199.54 million for the quarter, compared to analyst estimates of $199.76 million. Tyler Technologies had a net margin of 13.48% and a return on equity of 13.12%. The firm’s quarterly revenue was up 11.3% on a year-over-year basis. During the same period in the prior year, the business earned $0.81 EPS. Analysts expect that Tyler Technologies, Inc. will post $3.88 EPS for the current year.
Several research firms recently issued reports on TYL. B. Riley reissued a “buy” rating and set a $184.00 price objective on shares of Tyler Technologies in a research note on Sunday, May 14th. Maxim Group reissued a “buy” rating and set a $197.00 price objective on shares of Tyler Technologies in a research note on Thursday, April 27th. Finally, Zacks Investment Research raised Tyler Technologies from a “sell” rating to a “hold” rating in a research note on Thursday, April 13th. One investment analyst has rated the stock with a hold rating and ten have assigned a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $184.60.
In other Tyler Technologies news, VP Brian K. Miller sold 1,240 shares of the stock in a transaction that occurred on Monday, June 5th. The shares were sold at an average price of $174.50, for a total value of $216,380.00. Following the sale, the vice president now directly owns 47,989 shares of the company’s stock, valued at approximately $8,374,080.50. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Larry D. Leinweber sold 6,700 shares of the stock in a transaction that occurred on Tuesday, June 13th. The shares were sold at an average price of $169.76, for a total transaction of $1,137,392.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 389,299 shares of company stock worth $64,741,952. 10.30% of the stock is owned by company insiders.
Tyler Technologies Company Profile
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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