Amalgamated Bank raised its stake in Tyler Technologies, Inc. (NYSE:TYL) by 5.6% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 7,256 shares of the technology company’s stock after buying an additional 387 shares during the period. Amalgamated Bank’s holdings in Tyler Technologies were worth $1,285,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Cubist Systematic Strategies LLC bought a new position in shares of Tyler Technologies in the third quarter valued at $444,000. Parametric Portfolio Associates LLC increased its holdings in shares of Tyler Technologies by 6.4% in the third quarter. Parametric Portfolio Associates LLC now owns 76,513 shares of the technology company’s stock valued at $13,338,000 after buying an additional 4,600 shares in the last quarter. Personal Capital Advisors Corp increased its holdings in shares of Tyler Technologies by 6.6% in the fourth quarter. Personal Capital Advisors Corp now owns 116,176 shares of the technology company’s stock valued at $20,569,000 after buying an additional 7,205 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Tyler Technologies by 37.0% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,045 shares of the technology company’s stock valued at $362,000 after buying an additional 552 shares in the last quarter. Finally, Atlantic Trust Group LLC bought a new position in shares of Tyler Technologies in the third quarter valued at $76,095,000. 94.47% of the stock is currently owned by institutional investors.
Shares of Tyler Technologies, Inc. (TYL) opened at $208.60 on Tuesday. Tyler Technologies, Inc. has a one year low of $152.00 and a one year high of $213.38. The stock has a market cap of $7,840.00, a price-to-earnings ratio of 57.47 and a beta of 0.97.
In other Tyler Technologies news, Director Larry D. Leinweber sold 22,217 shares of the business’s stock in a transaction on Wednesday, December 13th. The shares were sold at an average price of $182.14, for a total transaction of $4,046,604.38. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Brian K. Miller sold 12,000 shares of the business’s stock in a transaction on Friday, December 15th. The shares were sold at an average price of $179.75, for a total transaction of $2,157,000.00. Following the sale, the chief financial officer now directly owns 56,694 shares in the company, valued at $10,190,746.50. The disclosure for this sale can be found here. Over the last three months, insiders have sold 219,411 shares of company stock worth $42,782,608. Company insiders own 10.30% of the company’s stock.
TYL has been the topic of several research reports. Zacks Investment Research cut Tyler Technologies from a “hold” rating to a “sell” rating in a report on Wednesday, December 27th. Piper Jaffray Companies reaffirmed an “overweight” rating and issued a $220.00 price target on shares of Tyler Technologies in a report on Tuesday, January 16th. Maxim Group set a $220.00 price target on Tyler Technologies and gave the company a “buy” rating in a report on Thursday, February 22nd. Evercore ISI reaffirmed a “buy” rating and issued a $210.00 price target on shares of Tyler Technologies in a report on Friday, February 23rd. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $235.00 price target on shares of Tyler Technologies in a report on Friday, February 23rd. One analyst has rated the stock with a sell rating, two have assigned a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $203.70.
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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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