Comgest Global Investors S.A.S. Has $1,824,000 Stake in Tyler Technologies, Inc. (TYL)
Comgest Global Investors S.A.S. maintained its position in Tyler Technologies, Inc. (NYSE:TYL) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,800 shares of the technology company’s stock at the end of the first quarter. Comgest Global Investors S.A.S.’s holdings in Tyler Technologies were worth $1,824,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of TYL. Shelton Capital Management purchased a new position in Tyler Technologies during the fourth quarter valued at approximately $270,000. Brown Capital Management LLC raised its stake in shares of Tyler Technologies by 2.3% in the first quarter. Brown Capital Management LLC now owns 2,236,904 shares of the technology company’s stock worth $345,736,000 after buying an additional 49,484 shares in the last quarter. Janus Capital Management LLC raised its stake in shares of Tyler Technologies by 62.1% in the fourth quarter. Janus Capital Management LLC now owns 1,349,990 shares of the technology company’s stock worth $192,738,000 after buying an additional 517,368 shares in the last quarter. Stockbridge Partners LLC raised its stake in shares of Tyler Technologies by 237.0% in the fourth quarter. Stockbridge Partners LLC now owns 704,764 shares of the technology company’s stock worth $100,619,000 after buying an additional 495,628 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its stake in shares of Tyler Technologies by 4.3% in the first quarter. Bank of New York Mellon Corp now owns 415,738 shares of the technology company’s stock worth $64,256,000 after buying an additional 16,960 shares in the last quarter. 86.37% of the stock is owned by institutional investors.
Shares of Tyler Technologies, Inc. (NYSE:TYL) traded up 0.22% during mid-day trading on Thursday, hitting $171.38. 119,294 shares of the stock were exchanged. Tyler Technologies, Inc. has a 12 month low of $139.61 and a 12 month high of $175.77. The company has a 50-day moving average price of $163.13 and a 200-day moving average price of $153.85. The stock has a market cap of $6.36 billion, a price-to-earnings ratio of 53.88 and a beta of 1.00.
Tyler Technologies (NYSE:TYL) last issued its quarterly earnings data on Wednesday, April 26th. The technology company reported $0.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.74 by $0.01. The firm had revenue of $199.54 million during the quarter, compared to the consensus estimate of $199.76 million. Tyler Technologies had a return on equity of 13.50% and a net margin of 11.83%. The company’s quarterly revenue was up 11.3% on a year-over-year basis. During the same period last year, the company earned $0.81 EPS. Equities analysts expect that Tyler Technologies, Inc. will post $3.88 earnings per share for the current year.
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TYL has been the subject of a number of recent analyst reports. B. Riley reissued a “buy” rating and set a $184.00 target price on shares of Tyler Technologies in a research note on Wednesday, February 15th. Maxim Group lowered their target price on shares of Tyler Technologies from $210.00 to $197.00 and set a “buy” rating for the company in a research note on Thursday, February 9th. Zacks Investment Research lowered shares of Tyler Technologies from a “hold” rating to a “strong sell” rating in a research note on Saturday, February 18th. Finally, Needham & Company LLC reissued a “buy” rating and set a $185.00 target price on shares of Tyler Technologies in a research note on Thursday, February 9th. One research analyst has rated the stock with a hold rating and ten have issued a buy rating to the stock. Tyler Technologies currently has a consensus rating of “Buy” and an average price target of $184.60.
In related news, Director Larry D. Leinweber sold 39,234 shares of the firm’s stock in a transaction dated Friday, February 24th. The stock was sold at an average price of $155.74, for a total transaction of $6,110,303.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman John M. Yeaman sold 4,800 shares of the firm’s stock in a transaction dated Friday, March 10th. The shares were sold at an average price of $155.00, for a total value of $744,000.00. Following the transaction, the chairman now owns 319,863 shares of the company’s stock, valued at $49,578,765. The disclosure for this sale can be found here. Insiders have sold a total of 583,166 shares of company stock valued at $93,309,367 over the last three months. Corporate insiders own 12.00% of the company’s stock.
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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