Advisor Group Inc. boosted its holdings in shares of Tyler Technologies, Inc. (NYSE:TYL) by 14.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,335 shares of the technology company’s stock after acquiring an additional 661 shares during the period. Advisor Group Inc.’s holdings in Tyler Technologies were worth $1,091,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors have also modified their holdings of the business. Quantamental Technologies LLC acquired a new stake in Tyler Technologies in the 4th quarter worth approximately $33,000. Cutler Group LP acquired a new stake in Tyler Technologies in the 4th quarter worth approximately $37,000. Captrust Financial Advisors boosted its stake in Tyler Technologies by 22.9% in the 4th quarter. Captrust Financial Advisors now owns 403 shares of the technology company’s stock worth $75,000 after purchasing an additional 75 shares in the last quarter. Bronfman E.L. Rothschild L.P. boosted its stake in Tyler Technologies by 15.6% in the 4th quarter. Bronfman E.L. Rothschild L.P. now owns 629 shares of the technology company’s stock worth $117,000 after purchasing an additional 85 shares in the last quarter. Finally, Ffcm LLC acquired a new stake in Tyler Technologies in the 4th quarter worth approximately $138,000. Institutional investors own 89.29% of the company’s stock.
In other Tyler Technologies news, Director Dustin R. Womble sold 7,444 shares of the firm’s stock in a transaction that occurred on Tuesday, June 11th. The shares were sold at an average price of $221.87, for a total transaction of $1,651,600.28. Following the completion of the transaction, the director now directly owns 185,443 shares of the company’s stock, valued at approximately $41,144,238.41. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Brian K. Miller sold 4,000 shares of the firm’s stock in a transaction that occurred on Monday, June 10th. The stock was sold at an average price of $220.65, for a total transaction of $882,600.00. Following the transaction, the vice president now directly owns 47,932 shares of the company’s stock, valued at $10,576,195.80. The disclosure for this sale can be found here. Insiders have sold a total of 24,911 shares of company stock valued at $5,458,346 over the last three months. 4.40% of the stock is currently owned by insiders.
TYL opened at $222.47 on Thursday. Tyler Technologies, Inc. has a 12-month low of $173.26 and a 12-month high of $252.47. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.08. The company has a market cap of $8.44 billion, a price-to-earnings ratio of 59.48 and a beta of 1.00.
Tyler Technologies (NYSE:TYL) last posted its quarterly earnings results on Wednesday, May 1st. The technology company reported $0.95 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.95. Tyler Technologies had a net margin of 14.23% and a return on equity of 11.28%. The company had revenue of $247.10 million during the quarter, compared to analyst estimates of $251.75 million. During the same period last year, the firm posted $1.13 EPS. Tyler Technologies’s revenue for the quarter was up 11.7% compared to the same quarter last year. Analysts expect that Tyler Technologies, Inc. will post 4.16 EPS for the current year.
A number of research firms recently commented on TYL. ValuEngine upgraded shares of Tyler Technologies from a “hold” rating to a “buy” rating in a research note on Monday, April 29th. Northcoast Research began coverage on shares of Tyler Technologies in a research note on Thursday, March 28th. They issued a “buy” rating and a $250.00 target price for the company. KeyCorp reiterated a “hold” rating on shares of Tyler Technologies in a research note on Monday, March 25th. Northland Securities reiterated a “buy” rating and issued a $240.00 target price on shares of Tyler Technologies in a research note on Friday, March 22nd. Finally, Zacks Investment Research cut shares of Tyler Technologies from a “hold” rating to a “sell” rating in a research note on Thursday, February 28th. One analyst has rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $237.13.
About Tyler Technologies
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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