Bank of New York Mellon Corp boosted its stake in shares of Tyler Technologies, Inc. (NYSE:TYL) by 1.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 423,209 shares of the technology company’s stock after buying an additional 7,471 shares during the period. Bank of New York Mellon Corp owned about 1.13% of Tyler Technologies worth $74,345,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in TYL. BlackRock Inc. increased its position in Tyler Technologies by 16,997.6% in the first quarter. BlackRock Inc. now owns 2,737,663 shares of the technology company’s stock valued at $423,133,000 after buying an additional 2,721,651 shares in the last quarter. Praesidium Investment Management Company LLC increased its position in Tyler Technologies by 143.5% in the first quarter. Praesidium Investment Management Company LLC now owns 449,263 shares of the technology company’s stock valued at $69,438,000 after buying an additional 264,783 shares in the last quarter. Goldman Sachs Group Inc. increased its position in Tyler Technologies by 42.2% in the first quarter. Goldman Sachs Group Inc. now owns 756,703 shares of the technology company’s stock valued at $116,957,000 after buying an additional 224,642 shares in the last quarter. Janus Capital Management LLC increased its position in 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 valued at $233,283,000 after buying an additional 159,345 shares in the last quarter. Finally, Alliancebernstein L.P. increased its position in Tyler Technologies by 48.4% in the first quarter. Alliancebernstein L.P. now owns 476,411 shares of the technology company’s stock valued at $73,634,000 after buying an additional 155,393 shares in the last quarter. 91.00% of the stock is owned by institutional investors.

Tyler Technologies, Inc. (NYSE:TYL) opened at 169.04 on Tuesday. Tyler Technologies, Inc. has a 52-week low of $139.61 and a 52-week high of $182.49. The firm has a market capitalization of $6.31 billion, a P/E ratio of 50.64 and a beta of 0.95. The firm has a 50-day moving average price of $172.62 and a 200 day moving average price of $164.75.

Tyler Technologies (NYSE:TYL) last posted its quarterly earnings data on Wednesday, July 26th. The technology company reported $0.91 EPS for the quarter, missing analysts’ consensus estimates of $0.94 by $0.03. The business had revenue of $209.12 million during the quarter, compared to the consensus estimate of $210.67 million. Tyler Technologies had a return on equity of 13.02% and a net margin of 14.73%. The company’s revenue for the quarter was up 10.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.86 earnings per share. Analysts forecast that Tyler Technologies, Inc. will post $3.87 EPS for the current year.

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Several equities analysts have weighed in on TYL shares. Zacks Investment Research downgraded Tyler Technologies from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 13th. Maxim Group set a $197.00 target price on Tyler Technologies and gave the company a “buy” rating in a research report on Monday, July 17th. BidaskClub downgraded Tyler Technologies from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 31st. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $200.00 target price on shares of Tyler Technologies in a research report on Sunday. Finally, B. Riley reaffirmed a “buy” rating and issued a $184.00 target price on shares of Tyler Technologies in a research report on Sunday, May 14th. One equities research analyst has rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. Tyler Technologies presently has an average rating of “Buy” and a consensus target price of $189.00.

In related news, Director Dustin R. Womble sold 23,000 shares of the business’s stock in a transaction dated Friday, June 2nd. The stock was sold at an average price of $172.57, for a total transaction of $3,969,110.00. Following the transaction, the director now directly owns 213,450 shares in the company, valued at $36,835,066.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Larry D. Leinweber sold 36,000 shares of the business’s stock in a transaction dated Thursday, June 1st. The shares were sold at an average price of $170.54, for a total value of $6,139,440.00. The disclosure for this sale can be found here. Insiders have sold 225,396 shares of company stock worth $38,551,634 over the last 90 days. Corporate insiders own 10.30% 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.

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

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