Eagle Asset Management Inc. lifted its position in Tyler Technologies (NYSE:TYL) by 5.2% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 420,831 shares of the technology company’s stock after acquiring an additional 20,878 shares during the quarter. Eagle Asset Management Inc. owned 1.11% of Tyler Technologies worth $88,778,000 at the end of the most recent reporting period.
Other institutional investors have also recently added to or reduced their stakes in the company. ETRADE Capital Management LLC bought a new stake in shares of Tyler Technologies in the 1st quarter worth about $205,000. S&CO Inc. bought a new stake in shares of Tyler Technologies in the 1st quarter worth about $211,000. Capital Advisors Inc. OK bought a new stake in shares of Tyler Technologies in the 1st quarter worth about $211,000. Frontier Investment Mgmt Co. bought a new stake in shares of Tyler Technologies in the 1st quarter worth about $224,000. Finally, San Francisco Sentry Investment Group CA lifted its holdings in Tyler Technologies by 1,334.7% during the 4th quarter. San Francisco Sentry Investment Group CA now owns 1,076 shares of the technology company’s stock valued at $191,000 after buying an additional 1,001 shares in the last quarter. Hedge funds and other institutional investors own 94.15% of the company’s stock.
NYSE:TYL opened at $227.23 on Friday. Tyler Technologies has a one year low of $225.58 and a one year high of $227.86. The stock has a market capitalization of $8.68 billion, a PE ratio of 71.46, a price-to-earnings-growth ratio of 5.95 and a beta of 0.91.
Tyler Technologies (NYSE:TYL) last posted its quarterly earnings results 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 analyst estimates of $219.37 million. During the same quarter in the previous year, the business posted $0.91 EPS. The company’s quarterly revenue was up 10.8% compared to the same quarter last year. sell-side analysts expect that Tyler Technologies will post 3.81 earnings per share for the current year.
In other news, Director Dustin R. Womble sold 7,500 shares of the business’s stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $203.71, for a total value of $1,527,825.00. Following the completion of the sale, the director now owns 16,570 shares in the company, valued at approximately $3,375,474.70. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Luther King, Jr. sold 23,350 shares of the business’s stock in a transaction dated 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 owns 72,864 shares of the company’s stock, valued at approximately $14,752,774.08. The disclosure for this sale can be found here. In the last 90 days, insiders sold 171,082 shares of company stock valued at $36,697,699. Company insiders own 4.70% of the company’s stock.
A number of brokerages recently weighed in on TYL. Zacks Investment Research lowered shares of Tyler Technologies from a “hold” rating to a “sell” rating in a report on Wednesday, May 9th. Northland Securities reiterated an “outperform” rating and set a $240.00 price objective (up previously from $200.00) on shares of Tyler Technologies in a report on Tuesday, April 24th. Needham & Company LLC lifted their price objective on shares of Tyler Technologies from $235.00 to $250.00 and gave the company a “buy” rating in a report on Tuesday, April 24th. Piper Jaffray reiterated a “buy” rating and set a $245.00 price objective on shares of Tyler Technologies in a report on Monday, April 23rd. Finally, Maxim Group reiterated a “hold” rating on shares of Tyler Technologies in a report on Monday, April 23rd. One analyst has rated the stock with a sell rating, three have given a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. Tyler Technologies has a consensus rating of “Buy” and an average price target of $221.08.
Tyler Technologies Company Profile
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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