Cambridge Investment Research Advisors Inc. lessened its position in Tyler Technologies, Inc. (NYSE:TYL) by 1.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 3,148 shares of the technology company’s stock after selling 32 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in Tyler Technologies were worth $553,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of TYL. BlackRock Inc. lifted 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. Praesidium Investment Management Company LLC lifted its stake in shares of 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 worth $69,438,000 after buying an additional 264,783 shares in the last quarter. Goldman Sachs Group Inc. lifted its stake in shares of Tyler Technologies by 42.2% in the first quarter. Goldman Sachs Group Inc. now owns 756,703 shares of the technology company’s stock worth $116,957,000 after buying an additional 224,642 shares in the last quarter. Janus Capital Management LLC lifted 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, Alliancebernstein L.P. lifted its stake in shares of Tyler Technologies by 48.4% in the first quarter. Alliancebernstein L.P. now owns 476,411 shares of the technology company’s stock worth $73,634,000 after buying an additional 155,393 shares in the last quarter. Hedge funds and other institutional investors own 91.00% of the company’s stock.

Tyler Technologies, Inc. (NYSE TYL) opened at 169.71 on Monday. The company’s 50-day moving average is $171.42 and its 200-day moving average is $165.80. Tyler Technologies, Inc. has a 12 month low of $139.61 and a 12 month high of $182.49. The company has a market cap of $6.33 billion, a P/E ratio of 50.84 and a beta of 0.95.

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

Several brokerages have recently issued reports on TYL. Maxim Group set a $197.00 target price on shares of Tyler Technologies and gave the stock a “buy” rating in a research note on Thursday, July 27th. Zacks Investment Research upgraded shares of Tyler Technologies from a “hold” rating to a “strong-buy” rating and set a $201.00 target price on the stock in a research note on Thursday, June 29th. BidaskClub downgraded shares of Tyler Technologies from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 31st. Piper Jaffray Companies reiterated a “buy” rating and issued a $200.00 target price on shares of Tyler Technologies in a research note on Sunday, August 27th. Finally, B. Riley restated a “buy” rating and set a $184.00 price objective on shares of Tyler Technologies in a research report on Wednesday, August 2nd. One investment analyst has rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. Tyler Technologies currently has a consensus rating of “Buy” and a consensus target price of $189.00.

In other Tyler Technologies news, President H Lynn Moore, Jr. sold 1,848 shares of the company’s stock in a transaction dated Thursday, June 15th. The shares were sold at an average price of $167.81, for a total value of $310,112.88. Following the transaction, the president now owns 51,029 shares of the company’s stock, valued at $8,563,176.49. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Larry D. Leinweber sold 36,000 shares of the company’s stock in a transaction dated Wednesday, July 5th. The shares were sold at an average price of $170.98, for a total transaction of $6,155,280.00. The disclosure for this sale can be found here. Insiders sold 252,433 shares of company stock valued at $43,179,186 in the last three months. 10.30% of the stock is currently owned by insiders.

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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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