Eagle Asset Management Inc. Has $88.78 Million Stake in Tyler Technologies (TYL)

Eagle Asset Management Inc. lifted its position in Tyler Technologies (NYSE:TYL) by 5.2% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 420,831 shares of the technology company’s stock after buying an additional 20,878 shares during the period. Eagle Asset Management Inc.’s holdings in Tyler Technologies were worth $88,778,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the company. BlackRock Inc. grew its position in shares of Tyler Technologies by 1.6% in the 4th quarter. BlackRock Inc. now owns 2,915,372 shares of the technology company’s stock worth $516,165,000 after buying an additional 46,298 shares during the last quarter. TimesSquare Capital Management LLC grew its position in shares of Tyler Technologies by 9.4% in the 4th quarter. TimesSquare Capital Management LLC now owns 811,300 shares of the technology company’s stock worth $143,641,000 after buying an additional 69,650 shares during the last quarter. Franklin Resources Inc. grew its position in shares of Tyler Technologies by 35.6% in the 4th quarter. Franklin Resources Inc. now owns 796,423 shares of the technology company’s stock worth $141,009,000 after buying an additional 209,004 shares during the last quarter. Two Creeks Capital Management LP grew its position in shares of Tyler Technologies by 9.2% in the 4th quarter. Two Creeks Capital Management LP now owns 589,107 shares of the technology company’s stock worth $104,301,000 after buying an additional 49,865 shares during the last quarter. Finally, Wasatch Advisors Inc. grew its position in shares of Tyler Technologies by 5.2% in the 1st quarter. Wasatch Advisors Inc. now owns 433,385 shares of the technology company’s stock worth $91,427,000 after buying an additional 21,503 shares during the last quarter. 94.15% of the stock is currently owned by hedge funds and other institutional investors.

NYSE:TYL opened at $227.23 on Friday. Tyler Technologies has a twelve month low of $225.58 and a twelve month high of $227.86. The company has a market cap of $8.68 billion, a price-to-earnings ratio of 71.46, a P/E/G ratio of 5.95 and a beta of 0.91.

Tyler Technologies (NYSE:TYL) last announced its quarterly earnings data on Wednesday, May 2nd. The technology company reported $1.13 EPS for the quarter, beating the consensus estimate of $1.12 by $0.01. Tyler Technologies had a net margin of 19.65% and a return on equity of 12.17%. The business had revenue of $221.20 million during the quarter, compared to analysts’ expectations of $219.37 million. During the same period in the previous year, the business posted $0.91 EPS. The business’s quarterly revenue was up 10.8% compared to the same quarter last year. equities analysts expect that Tyler Technologies will post 3.81 earnings per share for the current year.

In other Tyler Technologies news, Director Luther King, Jr. sold 23,350 shares of Tyler Technologies stock in a transaction that occurred on Thursday, March 1st. The shares were sold at an average price of $202.47, for a total transaction of $4,727,674.50. Following the completion of the sale, the director now directly owns 72,864 shares in the company, valued at approximately $14,752,774.08. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Donald R. Brattain sold 1,500 shares of Tyler Technologies stock in a transaction that occurred on Thursday, May 10th. The shares were sold at an average price of $229.05, for a total transaction of $343,575.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 171,082 shares of company stock valued at $36,697,699. Company insiders own 4.70% of the company’s stock.

Several research firms have weighed in on TYL. Zacks Investment Research raised shares of Tyler Technologies from a “hold” rating to a “buy” rating and set a $233.00 target price on the stock in a research report on Wednesday, March 21st. DA Davidson began coverage on shares of Tyler Technologies in a research report on Wednesday, March 7th. They set a “neutral” rating and a $190.00 target price on the stock. Northland Securities reissued an “outperform” rating and set a $240.00 target price (up previously from $200.00) on shares of Tyler Technologies in a research report on Tuesday, April 24th. Maxim Group boosted their target price on shares of Tyler Technologies from $197.00 to $220.00 and gave the stock a “buy” rating in a research report on Friday, February 16th. Finally, Needham & Company LLC reissued a “buy” rating and set a $235.00 target price on shares of Tyler Technologies in a research report on Friday, February 23rd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $221.08.

About Tyler Technologies

Tyler Technologies, Inc provides integrated information management solutions and services for the public sector in the United States and internationally. It operates through two segments, Enterprise Software, and Appraisal and Tax. The company's financial management solutions include modular fund accounting systems for government agencies or not-for-profit entities; and utility billing systems for the billing and collection of metered and non-metered services.

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Institutional Ownership by Quarter for Tyler Technologies (NYSE:TYL)

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