Kopion Asset Management LLC lowered its holdings in Tyler Technologies, Inc. (NYSE:TYL – Free Report) by 3.8% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,194 shares of the technology company’s stock after selling 47 shares during the quarter. Tyler Technologies accounts for 0.4% of Kopion Asset Management LLC’s holdings, making the stock its 19th largest holding. Kopion Asset Management LLC’s holdings in Tyler Technologies were worth $497,000 as of its most recent SEC filing.
Several other large investors have also modified their holdings of the business. Norges Bank acquired a new position in Tyler Technologies in the fourth quarter valued at about $164,642,000. Alliancebernstein L.P. lifted its holdings in shares of Tyler Technologies by 26.3% in the 4th quarter. Alliancebernstein L.P. now owns 1,719,257 shares of the technology company’s stock worth $554,306,000 after acquiring an additional 357,779 shares during the last quarter. Select Equity Group L.P. boosted its position in shares of Tyler Technologies by 101.0% during the 1st quarter. Select Equity Group L.P. now owns 327,305 shares of the technology company’s stock worth $116,075,000 after purchasing an additional 164,478 shares during the period. Empower Advisory Group LLC acquired a new stake in Tyler Technologies in the 1st quarter valued at approximately $50,012,000. Finally, JPMorgan Chase & Co. raised its position in Tyler Technologies by 122.1% in the first quarter. JPMorgan Chase & Co. now owns 213,701 shares of the technology company’s stock valued at $75,788,000 after purchasing an additional 117,500 shares during the period. Institutional investors and hedge funds own 91.28% of the company’s stock.
Analyst Upgrades and Downgrades
Several research analysts have recently commented on TYL shares. Needham & Company LLC restated a “buy” rating and set a $475.00 price target on shares of Tyler Technologies in a research report on Thursday, July 27th. DA Davidson increased their price target on shares of Tyler Technologies from $395.00 to $412.00 in a research report on Wednesday, July 19th. StockNews.com assumed coverage on shares of Tyler Technologies in a report on Thursday, August 17th. They issued a “hold” rating for the company. JPMorgan Chase & Co. initiated coverage on shares of Tyler Technologies in a report on Wednesday, June 21st. They set an “overweight” rating and a $472.00 target price on the stock. Finally, Barclays boosted their price target on shares of Tyler Technologies from $400.00 to $425.00 and gave the stock an “equal weight” rating in a research note on Friday, July 14th. Four equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $440.29.
Insiders Place Their Bets
In related news, CEO H Lynn Moore, Jr. sold 5,000 shares of the stock in a transaction on Friday, September 1st. The shares were sold at an average price of $396.59, for a total transaction of $1,982,950.00. Following the completion of the sale, the chief executive officer now owns 80,000 shares in the company, valued at approximately $31,727,200. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, CEO H Lynn Moore, Jr. sold 5,000 shares of Tyler Technologies stock in a transaction on Friday, September 1st. The shares were sold at an average price of $396.59, for a total value of $1,982,950.00. Following the transaction, the chief executive officer now directly owns 80,000 shares in the company, valued at approximately $31,727,200. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Dustin R. Womble sold 2,111 shares of the company’s stock in a transaction on Wednesday, August 30th. The stock was sold at an average price of $396.87, for a total transaction of $837,792.57. Following the transaction, the director now owns 12,805 shares of the company’s stock, valued at approximately $5,081,920.35. The disclosure for this sale can be found here. 2.20% of the stock is currently owned by corporate insiders.
Tyler Technologies Stock Down 1.6 %
TYL stock traded down $6.04 during midday trading on Friday, reaching $375.38. 439,416 shares of the company were exchanged, compared to its average volume of 146,348. The stock’s 50-day simple moving average is $392.26 and its 200 day simple moving average is $378.70. Tyler Technologies, Inc. has a 1-year low of $281.11 and a 1-year high of $426.83. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.00 and a current ratio of 1.00. The company has a market cap of $15.80 billion, a price-to-earnings ratio of 96.98 and a beta of 0.81.
Tyler Technologies (NYSE:TYL – Get Free Report) last released its quarterly earnings data on Wednesday, July 26th. The technology company reported $1.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.36 by $0.17. Tyler Technologies had a net margin of 8.64% and a return on equity of 8.94%. The company had revenue of $504.28 million during the quarter, compared to the consensus estimate of $490.65 million. On average, equities analysts forecast that Tyler Technologies, Inc. will post 5.67 earnings per share for the current year.
Tyler Technologies Profile
Tyler Technologies, Inc provides integrated information management solutions and services for the public sector. It operates in two segments, Enterprise Software, and Platform Technologies. The company offers financial management solutions, including modular fund accounting systems for government agencies or not-for-profit entities; utility billing systems for the billing and collection of metered and non-metered services; products to automate city and county functions, such as municipal courts, parking tickets, equipment and project costing, animal and business licenses, permits and inspections, code enforcement, citizen complaint tracking, ambulance billing, fleet maintenance, and cemetery records management; student information and transportation solutions for K-12 schools; and financial management systems.
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