First Trust Advisors LP acquired a new stake in Tyler Technologies, Inc. (NYSE:TYL) in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm acquired 4,420 shares of the technology company’s stock, valued at approximately $776,000.

A number of other large investors have also recently bought and sold shares of TYL. Great West Life Assurance Co. Can increased its stake in Tyler Technologies by 4.2% in the 1st quarter. Great West Life Assurance Co. Can now owns 20,098 shares of the technology company’s stock valued at $3,105,000 after buying an additional 807 shares during the last quarter. Suntrust Banks Inc. increased its stake in Tyler Technologies by 3.5% in the 1st quarter. Suntrust Banks Inc. now owns 3,355 shares of the technology company’s stock valued at $517,000 after buying an additional 112 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Tyler Technologies by 32.3% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,298 shares of the technology company’s stock valued at $201,000 after buying an additional 317 shares during the last quarter. World Asset Management Inc increased its stake in Tyler Technologies by 16.5% in the 1st quarter. World Asset Management Inc now owns 2,356 shares of the technology company’s stock valued at $364,000 after buying an additional 334 shares during the last quarter. Finally, UBS Asset Management Americas Inc. increased its stake in Tyler Technologies by 25.5% in the 1st quarter. UBS Asset Management Americas Inc. now owns 21,297 shares of the technology company’s stock valued at $3,292,000 after buying an additional 4,329 shares during the last quarter. Hedge funds and other institutional investors own 90.51% of the company’s stock.

Shares of Tyler Technologies, Inc. (NYSE:TYL) opened at 173.40 on Friday. Tyler Technologies, Inc. has a 52 week low of $139.61 and a 52 week high of $182.49. The stock has a market cap of $6.47 billion, a price-to-earnings ratio of 51.95 and a beta of 0.95. The stock’s 50 day moving average is $170.29 and its 200 day moving average is $166.78.

Tyler Technologies (NYSE:TYL) last released its earnings results on Wednesday, July 26th. The technology company reported $0.91 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.94 by ($0.03). The firm 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%. Tyler Technologies’s revenue was up 10.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.86 EPS. On average, equities analysts forecast that Tyler Technologies, Inc. will post $3.87 EPS for the current year.

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In other news, VP Brian K. Miller sold 1,848 shares of the firm’s stock in a transaction dated Wednesday, August 16th. The shares were sold at an average price of $172.58, for a total value of $318,927.84. Following the completion of the sale, the vice president now owns 52,657 shares in the company, valued at approximately $9,087,545.06. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Brian K. Miller sold 9,760 shares of the firm’s stock in a transaction dated Friday, September 15th. The stock was sold at an average price of $169.01, for a total transaction of $1,649,537.60. Following the completion of the sale, the vice president now owns 53,194 shares of the company’s stock, valued at approximately $8,990,317.94. The disclosure for this sale can be found here. Insiders sold a total of 279,357 shares of company stock valued at $47,777,389 in the last 90 days. Company insiders own 10.30% of the company’s stock.

TYL has been the subject of several analyst reports. Zacks Investment Research lowered shares of Tyler Technologies from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 13th. Maxim Group set a $197.00 price objective on shares of Tyler Technologies and gave the company a “buy” rating in a research note on Monday, July 17th. Piper Jaffray Companies reiterated a “buy” rating and issued a $200.00 price objective on shares of Tyler Technologies in a research note on Sunday, August 27th. BidaskClub lowered shares of Tyler Technologies from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 31st. Finally, Citigroup Inc. initiated coverage on shares of Tyler Technologies in a research note on Friday. They issued a “buy” rating and a $200.00 price objective for the company. One analyst has rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. Tyler Technologies presently has a consensus rating of “Buy” and an average target price of $195.29.

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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