Goldman Sachs Group Inc. lifted its holdings in Tyler Technologies, Inc. (NYSE:TYL) by 1.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 766,672 shares of the technology company’s stock after purchasing an additional 9,969 shares during the period. Goldman Sachs Group Inc. owned about 2.06% of Tyler Technologies worth $134,682,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also made changes to their positions in TYL. Employees Retirement System of Texas raised its holdings in Tyler Technologies by 30.3% in the 2nd quarter. Employees Retirement System of Texas now owns 43,000 shares of the technology company’s stock worth $7,554,000 after purchasing an additional 10,000 shares during the period. Stifel Financial Corp boosted its position in Tyler Technologies by 1.9% during the second quarter. Stifel Financial Corp now owns 7,291 shares of the technology company’s stock worth $1,279,000 after purchasing an additional 133 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in Tyler Technologies by 1.5% during the second quarter. Dimensional Fund Advisors LP now owns 132,988 shares of the technology company’s stock worth $23,363,000 after purchasing an additional 2,000 shares in the last quarter. Parametric Portfolio Associates LLC boosted its position in Tyler Technologies by 7.8% during the second quarter. Parametric Portfolio Associates LLC now owns 72,455 shares of the technology company’s stock worth $12,728,000 after purchasing an additional 5,263 shares in the last quarter. Finally, Advisor Group Inc. boosted its position in Tyler Technologies by 27.5% during the second quarter. Advisor Group Inc. now owns 1,517 shares of the technology company’s stock worth $267,000 after purchasing an additional 327 shares in the last quarter. Hedge funds and other institutional investors own 90.51% of the company’s stock.

Tyler Technologies, Inc. (NYSE:TYL) traded up 0.51% during midday trading on Monday, reaching $175.21. The company’s stock had a trading volume of 34,243 shares. The company’s 50-day moving average is $170.29 and its 200 day moving average is $166.78. 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 $6.54 billion, a P/E ratio of 52.49 and a beta of 0.93.

Tyler Technologies (NYSE:TYL) last released its quarterly earnings results on Wednesday, July 26th. The technology company reported $0.91 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.94 by ($0.03). Tyler Technologies had a return on equity of 13.02% and a net margin of 14.73%. The firm had revenue of $209.12 million for the quarter, compared to analyst estimates of $210.67 million. During the same period last year, the firm earned $0.86 EPS. The company’s quarterly revenue was up 10.7% compared to the same quarter last year. Analysts expect that Tyler Technologies, Inc. will post $3.86 earnings per share for the current fiscal year.

In other Tyler Technologies news, Director Donald R. Brattain sold 2,500 shares of the firm’s stock in a transaction dated Wednesday, August 9th. The shares were sold at an average price of $167.75, for a total transaction of $419,375.00. Following the sale, the director now directly owns 15,220 shares of the company’s stock, valued at approximately $2,553,155. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Brian K. Miller sold 9,760 shares of Tyler Technologies 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 sale, the vice president now owns 53,194 shares of the company’s stock, valued at $8,990,317.94. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 279,357 shares of company stock valued at $47,777,389. 10.30% of the stock is currently owned by company insiders.

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A number of research firms have recently commented on TYL. Zacks Investment Research cut 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 stock a “buy” rating in a research note on Monday, July 17th. Piper Jaffray Companies reiterated a “buy” rating and set a $200.00 target price on shares of Tyler Technologies in a research report on Sunday, August 27th. BidaskClub lowered Tyler Technologies from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 31st. Finally, Citigroup Inc. started coverage on Tyler Technologies in a research report on Friday, September 22nd. They set a “buy” rating and a $200.00 target price on the stock. 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’s stock. Tyler Technologies presently has an average rating of “Buy” and a consensus target price of $195.29.

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.

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

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