Integrated Investment Consultants LLC bought a new stake in Tyler Technologies, Inc. (NYSE:TYL) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 901 shares of the technology company’s stock, valued at approximately $237,000.
Several other large investors have also recently added to or reduced their stakes in TYL. Envestnet Asset Management Inc. lifted its holdings in Tyler Technologies by 29.3% during the 2nd quarter. Envestnet Asset Management Inc. now owns 59,202 shares of the technology company’s stock valued at $12,789,000 after purchasing an additional 13,400 shares during the last quarter. Waratah Capital Advisors Ltd. acquired a new stake in Tyler Technologies during the 2nd quarter valued at $3,792,000. M&T Bank Corp lifted its holdings in Tyler Technologies by 23.9% during the 2nd quarter. M&T Bank Corp now owns 1,484 shares of the technology company’s stock valued at $320,000 after purchasing an additional 286 shares during the last quarter. Capital Investment Services of America Inc. lifted its holdings in shares of Tyler Technologies by 13.5% during the second quarter. Capital Investment Services of America Inc. now owns 57,864 shares of the technology company’s stock worth $12,500,000 after buying an additional 6,895 shares in the last quarter. Finally, Pennsylvania Trust Co lifted its holdings in shares of Tyler Technologies by 14.2% during the second quarter. Pennsylvania Trust Co now owns 52,481 shares of the technology company’s stock worth $11,337,000 after buying an additional 6,526 shares in the last quarter. 87.73% of the stock is owned by institutional investors and hedge funds.
In related news, Director Daniel M. Pope sold 1,215 shares of the firm’s stock in a transaction on Monday, August 5th. The stock was sold at an average price of $240.00, for a total value of $291,600.00. Following the transaction, the director now owns 2,314 shares in the company, valued at $555,360. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Brenda A. Cline sold 5,000 shares of the firm’s stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $256.91, for a total value of $1,284,550.00. Following the completion of the transaction, the director now owns 7,099 shares in the company, valued at approximately $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 in the last 90 days. 4.40% of the stock is owned by company insiders.
Shares of NYSE TYL traded up $0.24 during mid-day trading on Tuesday, reaching $263.52. The company had a trading volume of 1,624 shares, compared to its average volume of 242,741. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.00 and a current ratio of 1.00. Tyler Technologies, Inc. has a one year low of $173.26 and a one year high of $271.87. The firm has a market cap of $10.16 billion, a price-to-earnings ratio of 70.47 and a beta of 0.91. The business’s 50-day simple moving average is $260.25 and its 200 day simple moving average is $234.86.
Tyler Technologies (NYSE:TYL) last issued its quarterly earnings results on Wednesday, July 31st. The technology company reported $1.06 EPS for the quarter, topping the Zacks’ 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 company had revenue of $275.10 million for the quarter, compared to analysts’ expectations of $274.88 million. During the same quarter last year, the business earned $1.18 earnings per share. Tyler Technologies’s revenue was up 16.5% on a year-over-year basis. On average, sell-side analysts anticipate that Tyler Technologies, Inc. will post 4.16 EPS for the current year.
A number of equities research analysts have recently weighed in on TYL shares. ValuEngine downgraded Tyler Technologies from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. JMP Securities lifted their target price on Tyler Technologies from $245.00 to $286.00 and gave the stock a “market outperform” rating in a report on Friday, September 27th. Zacks Investment Research raised Tyler Technologies from a “hold” rating to a “buy” rating and set a $291.00 target price for the company in a report on Thursday, October 10th. Oppenheimer started coverage on Tyler Technologies in a report on Monday, October 7th. They set an “outperform” rating and a $300.00 target price for the company. Finally, Northland Securities reissued a “buy” rating on shares of Tyler Technologies in a report on Thursday, August 1st. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $265.78.
Tyler Technologies 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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