Tyler Technologies, Inc. (TYL) Shares Sold by Federated Investors Inc. PA
Federated Investors Inc. PA lowered its position in Tyler Technologies, Inc. (NYSE:TYL) by 15.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 476,979 shares of the technology company’s stock after selling 87,426 shares during the period. Federated Investors Inc. PA owned about 1.28% of Tyler Technologies worth $83,791,000 as of its most recent SEC filing.
A number of other hedge funds also recently added to or reduced their stakes in the company. Teachers Advisors LLC increased its stake in Tyler Technologies by 2.9% in the fourth quarter. Teachers Advisors LLC now owns 46,469 shares of the technology company’s stock worth $6,634,000 after buying an additional 1,305 shares in the last quarter. Bank of Montreal Can increased its stake in Tyler Technologies by 19.1% in the first quarter. Bank of Montreal Can now owns 60,705 shares of the technology company’s stock worth $9,382,000 after buying an additional 9,725 shares in the last quarter. Capstone Asset Management Co. increased its stake in Tyler Technologies by 5.9% in the first quarter. Capstone Asset Management Co. now owns 3,240 shares of the technology company’s stock worth $501,000 after buying an additional 180 shares in the last quarter. Louisiana State Employees Retirement System increased its stake in Tyler Technologies by 3.7% in the first quarter. Louisiana State Employees Retirement System now owns 8,500 shares of the technology company’s stock worth $1,314,000 after buying an additional 300 shares in the last quarter. Finally, Retirement Systems of Alabama increased its stake in Tyler Technologies by 0.5% in the first quarter. Retirement Systems of Alabama now owns 43,266 shares of the technology company’s stock worth $6,687,000 after buying an additional 226 shares in the last quarter. 90.01% of the stock is currently owned by hedge funds and other institutional investors.
Tyler Technologies, Inc. (NYSE TYL) opened at 170.13 on Tuesday. The firm has a market cap of $6.35 billion, a PE ratio of 50.97 and a beta of 0.95. Tyler Technologies, Inc. has a 12 month low of $139.61 and a 12 month high of $182.49. The firm’s 50-day moving average is $172.64 and its 200-day moving average is $164.31.
Tyler Technologies (NYSE:TYL) last posted its quarterly earnings data on Wednesday, July 26th. The technology company reported $0.91 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.94 by $0.03. Tyler Technologies had a net margin of 14.73% and a return on equity of 13.02%. The business had revenue of $209.12 million for the quarter, compared to the consensus estimate of $210.67 million. During the same quarter last year, the business posted $0.86 EPS. The business’s revenue for the quarter was up 10.7% on a year-over-year basis. Equities analysts expect that Tyler Technologies, Inc. will post $3.87 earnings per share for the current year.
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TYL has been the topic of a number of research analyst reports. Maxim Group reissued a “buy” rating and set a $197.00 price objective on shares of Tyler Technologies in a report on Thursday, April 27th. B. Riley reissued a “buy” rating and set a $184.00 price objective on shares of Tyler Technologies in a report on Friday, April 28th. Zacks Investment Research raised shares of Tyler Technologies from a “hold” rating to a “strong-buy” rating and set a $201.00 price objective on the stock in a report on Thursday, June 29th. Finally, BidaskClub cut shares of Tyler Technologies from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 31st. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $187.17.
In other news, VP Brian K. Miller sold 1,240 shares of the firm’s stock in a transaction dated Monday, June 5th. The shares were sold at an average price of $174.50, for a total transaction of $216,380.00. Following the completion of the transaction, the vice president now owns 47,989 shares in the company, valued at approximately $8,374,080.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, President H Lynn Moore, Jr. sold 1,848 shares of the firm’s stock in a transaction dated Thursday, June 15th. The shares were sold at an average price of $167.81, for a total transaction of $310,112.88. Following the transaction, the president now owns 51,029 shares of the company’s stock, valued at approximately $8,563,176.49. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 210,753 shares of company stock valued at $36,096,979. Insiders own 10.30% of the company’s stock.
About Tyler Technologies
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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