Public Employees Retirement Association of Colorado Cuts Stock Position in Tyler Technologies, Inc. (NYSE:TYL)

Public Employees Retirement Association of Colorado lowered its holdings in Tyler Technologies, Inc. (NYSE:TYL) by 2.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 86,761 shares of the technology company’s stock after selling 2,600 shares during the period. Public Employees Retirement Association of Colorado owned about 0.23% of Tyler Technologies worth $18,742,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the business. Howe & Rusling Inc. lifted its position in shares of Tyler Technologies by 0.6% during the 1st quarter. Howe & Rusling Inc. now owns 9,707 shares of the technology company’s stock valued at $1,984,000 after buying an additional 55 shares during the last quarter. Zions Bancorporation N.A. lifted its position in shares of Tyler Technologies by 6.2% during the 2nd quarter. Zions Bancorporation N.A. now owns 971 shares of the technology company’s stock valued at $210,000 after buying an additional 57 shares during the last quarter. Bessemer Group Inc. lifted its position in shares of Tyler Technologies by 3.4% during the 2nd quarter. Bessemer Group Inc. now owns 2,067 shares of the technology company’s stock valued at $446,000 after buying an additional 67 shares during the last quarter. Municipal Employees Retirement System of Michigan lifted its position in shares of Tyler Technologies by 1.1% during the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 7,080 shares of the technology company’s stock valued at $1,529,000 after buying an additional 80 shares during the last quarter. Finally, Tompkins Financial Corp lifted its position in shares of Tyler Technologies by 42.0% during the 2nd quarter. Tompkins Financial Corp now owns 291 shares of the technology company’s stock valued at $63,000 after buying an additional 86 shares during the last quarter. 88.35% of the stock is currently owned by institutional investors and hedge funds.

A number of research analysts have recently commented on the company. Northland Securities reaffirmed a “buy” rating on shares of Tyler Technologies in a research report on Thursday, August 1st. KeyCorp reaffirmed a “hold” rating on shares of Tyler Technologies in a research report on Thursday, August 1st. Needham & Company LLC upped their price target on Tyler Technologies to $280.00 and gave the company a “buy” rating in a research report on Friday, August 2nd. Zacks Investment Research raised Tyler Technologies from a “sell” rating to a “hold” rating in a research report on Friday, July 5th. Finally, ValuEngine raised Tyler Technologies from a “hold” rating to a “buy” rating in a research report on Tuesday, July 2nd. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $249.50.

Shares of NYSE:TYL traded down $4.74 during midday trading on Wednesday, reaching $250.11. 2,701 shares of the company traded hands, compared to its average volume of 240,623. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.02. Tyler Technologies, Inc. has a 12 month low of $173.26 and a 12 month high of $257.51. The company has a market capitalization of $9.81 billion, a price-to-earnings ratio of 67.02 and a beta of 0.92. The business’s fifty day moving average price is $230.46.

Tyler Technologies (NYSE:TYL) last released its quarterly earnings data on Wednesday, July 31st. The technology company reported $1.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $274.88 million. During the same period in the previous year, the company posted $1.18 EPS. The firm’s revenue for the quarter was up 16.5% compared to the same quarter last year. As a group, equities analysts anticipate that Tyler Technologies, Inc. will post 4.16 earnings per share for the current year.

In other Tyler Technologies news, Chairman John S. Marr, Jr. sold 18,592 shares of the company’s stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $254.14, for a total value of $4,724,970.88. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Chairman John S. Marr, Jr. sold 30,000 shares of the company’s stock in a transaction dated Thursday, June 13th. The stock was sold at an average price of $220.17, for a total value of $6,605,100.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 104,870 shares of company stock worth $24,682,092. 4.40% of the stock is currently owned by corporate insiders.

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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Institutional Ownership by Quarter for Tyler Technologies (NYSE:TYL)

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