Bessemer Group Inc. continued to hold its stake in shares of Tyler Technologies, Inc. (NYSE:TYL) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,000 shares of the technology company’s stock at the end of the second quarter. Bessemer Group Inc.’s holdings in Tyler Technologies were worth $351,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. BlackRock Inc. raised its stake in shares of Tyler Technologies by 16,997.6% in the first quarter. BlackRock Inc. now owns 2,737,663 shares of the technology company’s stock worth $423,133,000 after buying an additional 2,721,651 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Tyler Technologies by 5.3% in the first quarter. Vanguard Group Inc. now owns 2,653,514 shares of the technology company’s stock worth $410,127,000 after buying an additional 134,200 shares in the last quarter. 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 11.8% in the first quarter. Janus Capital Management LLC now owns 1,509,335 shares of the technology company’s stock worth $233,283,000 after buying an additional 159,345 shares in the last quarter. Finally, TimesSquare Capital Management LLC raised its stake in shares of Tyler Technologies by 8.0% in the first quarter. TimesSquare Capital Management LLC now owns 880,630 shares of the technology company’s stock worth $136,110,000 after buying an additional 65,170 shares in the last quarter. 90.01% of the stock is owned by hedge funds and other institutional investors.

Shares of Tyler Technologies, Inc. (NYSE TYL) opened at 169.76 on Monday. The company has a 50-day moving average of $172.80 and a 200-day moving average of $163.87. The stock has a market capitalization of $6.33 billion, a price-to-earnings ratio of 50.86 and a beta of 0.95. Tyler Technologies, Inc. has a 1-year low of $139.61 and a 1-year high of $182.49.

Tyler Technologies (NYSE:TYL) last released its earnings results on Wednesday, July 26th. The technology company reported $0.91 earnings per share for the quarter, missing the consensus estimate of $0.94 by $0.03. The firm had revenue of $209.12 million during the quarter, compared to analyst estimates of $210.67 million. Tyler Technologies had a net margin of 14.73% and a return on equity of 13.02%. The business’s revenue was up 10.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.86 earnings per share. On average, equities research analysts expect that Tyler Technologies, Inc. will post $3.87 EPS for the current fiscal year.

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A number of analysts have recently issued reports on TYL shares. B. Riley reissued a “buy” rating and set a $184.00 target price on shares of Tyler Technologies in a research note on Tuesday, May 9th. BidaskClub lowered shares of Tyler Technologies from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 31st. Zacks Investment Research raised shares of Tyler Technologies from a “sell” rating to a “hold” rating in a research note on Saturday. Finally, Maxim Group set a $197.00 price objective on shares of Tyler Technologies and gave the stock a “buy” rating in a research note on Monday, July 17th. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $187.17.

In other Tyler Technologies news, CEO John S. Marr, Jr. sold 5,000 shares of Tyler Technologies stock in a transaction dated Monday, June 5th. The stock was sold at an average price of $173.12, for a total value of $865,600.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP Brian K. Miller sold 1,240 shares of Tyler Technologies stock in a transaction dated Monday, June 5th. The shares were sold at an average price of $174.50, for a total value of $216,380.00. Following the completion of the transaction, the vice president now directly owns 47,989 shares of the company’s stock, valued at $8,374,080.50. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 210,753 shares of company stock valued at $36,096,979. 10.30% of the stock is currently 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 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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Institutional Ownership by Quarter for Tyler Technologies (NYSE:TYL)

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