Cupps Capital Management LLC lowered its position in Tyler Technologies Inc. (NYSE:TYL) by 42.6% during the third quarter, according to its most recent disclosure with the SEC. The firm owned 34,160 shares of the company’s stock after selling 25,359 shares during the period. Tyler Technologies makes up approximately 2.5% of Cupps Capital Management LLC’s holdings, making the stock its 5th largest position. Cupps Capital Management LLC owned 0.09% of Tyler Technologies worth $5,849,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Geode Capital Management LLC boosted its position in shares of Tyler Technologies by 5.1% in the first quarter. Geode Capital Management LLC now owns 212,497 shares of the company’s stock valued at $27,329,000 after buying an additional 10,249 shares during the period. Kennedy Capital Management Inc. acquired a new position in shares of Tyler Technologies during the first quarter valued at about $1,113,000. Nuveen Asset Management LLC boosted its position in shares of Tyler Technologies by 2.4% in the first quarter. Nuveen Asset Management LLC now owns 25,711 shares of the company’s stock valued at $3,307,000 after buying an additional 591 shares during the period. Metropolitan Life Insurance Co. NY boosted its position in shares of Tyler Technologies by 2.6% in the first quarter. Metropolitan Life Insurance Co. NY now owns 52,429 shares of the company’s stock valued at $6,743,000 after buying an additional 1,321 shares during the period. Finally, Barclays PLC boosted its position in shares of Tyler Technologies by 284.6% in the first quarter. Barclays PLC now owns 2,200 shares of the company’s stock valued at $282,000 after buying an additional 1,628 shares during the period. Institutional investors and hedge funds own 89.49% of the company’s stock.

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

Tyler Technologies Inc. (NYSE:TYL) traded down 0.89% on Monday, hitting $154.15. 253,360 shares of the company’s stock were exchanged. The stock has a market cap of $5.65 billion, a P/E ratio of 88.90 and a beta of 1.15. Tyler Technologies Inc. has a 52-week low of $118.16 and a 52-week high of $184.01. The firm has a 50 day moving average price of $162.46 and a 200-day moving average price of $161.31.

Tyler Technologies (NYSE:TYL) last released its quarterly earnings data on Wednesday, October 26th. The company reported $0.94 EPS for the quarter, beating analysts’ consensus estimates of $0.90 by $0.04. The business earned $197.80 million during the quarter, compared to the consensus estimate of $50.33 million. Tyler Technologies had a return on equity of 12.34% and a net margin of 9.26%. The firm’s revenue was up 31.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.71 earnings per share. Analysts predict that Tyler Technologies Inc. will post $3.50 earnings per share for the current fiscal year.

Several equities analysts have issued reports on TYL shares. Zacks Investment Research cut shares of Tyler Technologies from a “buy” rating to a “hold” rating in a research report on Thursday, September 29th. KeyCorp upped their price target on shares of Tyler Technologies from $176.00 to $178.00 and gave the company an “overweight” rating in a research report on Tuesday, September 13th. Maxim Group upped their price target on shares of Tyler Technologies from $206.00 to $213.00 and gave the company a “buy” rating in a research report on Tuesday, October 25th. Benchmark Co. upped their price target on shares of Tyler Technologies from $160.00 to $190.00 and gave the company a “buy” rating in a research report on Friday, July 29th. Finally, Piper Jaffray Cos. started coverage on shares of Tyler Technologies in a research report on Monday, July 25th. They issued an “overweight” rating and a $200.00 price target for the company. Two research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $177.94.

In related news, CFO Brian K. Miller sold 6,485 shares of the company’s stock in a transaction dated Thursday, September 15th. The stock was sold at an average price of $173.01, for a total value of $1,121,969.85. Following the completion of the sale, the chief financial officer now owns 52,775 shares in the company, valued at $9,130,602.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Dustin R. Womble sold 25,000 shares of the company’s stock in a transaction dated Thursday, September 15th. The shares were sold at an average price of $169.26, for a total value of $4,231,500.00. The disclosure for this sale can be found here. 12.00% of the stock is owned by corporate insiders.

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 provides professional information technology (IT) services to its clients, including software and hardware installation, data conversion, training and product modifications.

5 Day Chart for NYSE:TYL

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