Fiduciary Trust Co. acquired a new stake in Tyler Technologies, Inc. (NYSE:TYL) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 1,425 shares of the technology company’s stock, valued at approximately $250,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in TYL. BlackRock Inc. boosted its holdings in shares of Tyler Technologies by 16,997.6% in the 1st 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 during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Tyler Technologies by 40.2% in the 2nd quarter. JPMorgan Chase & Co. now owns 1,027,797 shares of the technology company’s stock valued at $180,554,000 after buying an additional 294,817 shares during the last quarter. Praesidium Investment Management Company LLC boosted its holdings in shares of Tyler Technologies by 143.5% in the 1st 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 during the last quarter. Goldman Sachs Group Inc. boosted its holdings in shares of Tyler Technologies by 42.2% in the 1st 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 during the last quarter. Finally, Janus Capital Management LLC boosted its holdings in shares of Tyler Technologies by 11.8% in the 1st 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 during the last quarter. 91.00% of the stock is owned by institutional investors.

Several equities research analysts have recently commented on the company. B. Riley reissued a “buy” rating and issued a $184.00 price objective on shares of Tyler Technologies in a report on Friday, July 28th. Maxim Group set a $197.00 price objective on Tyler Technologies and gave the company a “buy” rating in a report on Thursday, July 27th. Zacks Investment Research downgraded Tyler Technologies from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 13th. Piper Jaffray Companies reaffirmed a “buy” rating and set a $200.00 price target on shares of Tyler Technologies in a report on Sunday, August 27th. Finally, BidaskClub downgraded Tyler Technologies from a “strong-buy” rating to a “buy” rating in a report on Monday, July 31st. One equities research analyst has rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $189.00.

In other Tyler Technologies news, CEO John S. Marr, Jr. sold 24,627 shares of the company’s stock in a transaction on Thursday, August 24th. The stock was sold at an average price of $170.23, for a total value of $4,192,254.21. Following the completion of the transaction, the chief executive officer now owns 339,457 shares in the company, valued at approximately $57,785,765.11. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Larry D. Leinweber sold 36,000 shares of the company’s stock in a transaction on Tuesday, September 5th. The shares were sold at an average price of $171.23, for a total value of $6,164,280.00. The disclosure for this sale can be found here. Insiders sold a total of 245,733 shares of company stock valued at $42,041,794 in the last 90 days. Corporate insiders own 10.30% of the company’s stock.

Shares of Tyler Technologies, Inc. (TYL) opened at 171.15 on Tuesday. The firm’s 50-day moving average price is $171.25 and its 200 day moving average price is $166.03. Tyler Technologies, Inc. has a one year low of $139.61 and a one year high of $182.49. The firm has a market cap of $6.38 billion, a P/E ratio of 51.27 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 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 net margin of 14.73% and a return on equity of 13.02%. The firm’s revenue for the quarter was up 10.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.86 EPS. Analysts predict that Tyler Technologies, Inc. will post $3.87 EPS for the current year.

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Tyler Technologies 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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