Tyler Technologies, Inc. (TYL) Holdings Decreased by Eqis Capital Management Inc.
Eqis Capital Management Inc. decreased its stake in shares of Tyler Technologies, Inc. (NYSE:TYL) by 11.8% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,849 shares of the technology company’s stock after selling 781 shares during the quarter. Eqis Capital Management Inc.’s holdings in Tyler Technologies were worth $1,020,000 at the end of the most recent quarter.
Several other large investors also recently bought and sold shares of TYL. UBS Asset Management Americas Inc. increased its position in shares of Tyler Technologies by 25.5% during the 1st quarter. UBS Asset Management Americas Inc. now owns 21,297 shares of the technology company’s stock worth $3,292,000 after purchasing an additional 4,329 shares during the last quarter. Prudential Financial Inc. increased its position in shares of Tyler Technologies by 17.9% during the 1st quarter. Prudential Financial Inc. now owns 23,193 shares of the technology company’s stock worth $3,585,000 after purchasing an additional 3,523 shares during the last quarter. Credit Agricole S A acquired a new position in shares of Tyler Technologies during the 1st quarter worth approximately $1,000,000. Teachers Advisors LLC increased its position in shares of Tyler Technologies by 2.5% during the 1st quarter. Teachers Advisors LLC now owns 47,646 shares of the technology company’s stock worth $7,364,000 after purchasing an additional 1,177 shares during the last quarter. Finally, Legal & General Group Plc increased its position in shares of Tyler Technologies by 129.3% during the 1st quarter. Legal & General Group Plc now owns 21,293 shares of the technology company’s stock worth $3,291,000 after purchasing an additional 12,006 shares during the last quarter. 90.49% of the stock is currently owned by hedge funds and other institutional investors.
In related news, Director Larry D. Leinweber sold 36,000 shares of the stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $171.82, for a total transaction of $6,185,520.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Brian K. Miller sold 4,500 shares of the stock in a transaction that occurred on Thursday, August 31st. The shares were sold at an average price of $172.89, for a total value of $778,005.00. Following the sale, the vice president now directly owns 55,194 shares of the company’s stock, valued at $9,542,490.66. The disclosure for this sale can be found here. Insiders sold 243,357 shares of company stock worth $41,622,109 in the last 90 days. Corporate insiders own 10.30% of the company’s stock.
Tyler Technologies, Inc. (NYSE TYL) traded up 0.62% on Friday, hitting $177.33. The company had a trading volume of 211,168 shares. The stock has a market capitalization of $6.61 billion, a PE ratio of 53.12 and a beta of 0.93. The stock has a 50 day moving average of $173.58 and a 200-day moving average of $169.98. Tyler Technologies, Inc. has a one year low of $139.61 and a one year high of $182.49.
Tyler Technologies (NYSE:TYL) last posted its earnings results on Wednesday, July 26th. The technology company reported $0.91 earnings per share 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 company had revenue of $209.12 million during the quarter, compared to the consensus estimate of $210.67 million. During the same quarter in the prior year, the business earned $0.86 EPS. The firm’s revenue for the quarter was up 10.7% compared to the same quarter last year. Equities analysts anticipate that Tyler Technologies, Inc. will post $3.86 EPS for the current year.
Several research analysts have weighed in on the company. Maxim Group set a $197.00 price target on Tyler Technologies and gave the stock a “buy” rating in a research report on Thursday, July 27th. KeyCorp reaffirmed a “buy” rating and set a $180.00 price target on shares of Tyler Technologies in a research report on Friday, October 6th. Zacks Investment Research lowered Tyler Technologies from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 13th. BidaskClub lowered Tyler Technologies from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 31st. Finally, Citigroup Inc. assumed coverage on Tyler Technologies in a research report on Friday, September 22nd. They set a “buy” rating and a $200.00 price target on the stock. One analyst has rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $192.29.
About Tyler Technologies
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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