Tyler Technologies, Inc. (NYSE:TYL) Shares Bought by Capital Investment Services of America Inc.

Capital Investment Services of America Inc. grew its holdings in shares of Tyler Technologies, Inc. (NYSE:TYL) by 0.9% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 59,056 shares of the technology company’s stock after purchasing an additional 524 shares during the period. Tyler Technologies makes up approximately 2.7% of Capital Investment Services of America Inc.’s investment portfolio, making the stock its 16th largest holding. Capital Investment Services of America Inc. owned 0.14% of Tyler Technologies worth $24,595,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Vanguard Group Inc. boosted its position in shares of Tyler Technologies by 1.5% in the 1st quarter. Vanguard Group Inc. now owns 4,603,034 shares of the technology company’s stock valued at $2,047,844,000 after purchasing an additional 66,211 shares during the period. Alliancebernstein L.P. boosted its position 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 valued at $554,306,000 after purchasing an additional 357,779 shares during the period. State Street Corp boosted its position in shares of Tyler Technologies by 1.8% in the 1st quarter. State Street Corp now owns 1,574,686 shares of the technology company’s stock valued at $558,447,000 after purchasing an additional 28,331 shares during the period. Franklin Resources Inc. boosted its position in shares of Tyler Technologies by 4.2% in the 4th quarter. Franklin Resources Inc. now owns 1,098,670 shares of the technology company’s stock valued at $354,222,000 after purchasing an additional 44,261 shares during the period. Finally, Geode Capital Management LLC boosted its position in shares of Tyler Technologies by 3.0% in the 1st quarter. Geode Capital Management LLC now owns 903,377 shares of the technology company’s stock valued at $319,763,000 after purchasing an additional 26,426 shares during the period. 91.28% of the stock is owned by institutional investors and hedge funds.

Tyler Technologies Stock Performance

TYL traded down $6.04 during midday trading on Friday, reaching $375.38. The company’s stock had a trading volume of 439,416 shares, compared to its average volume of 146,348. The stock has a market cap of $15.80 billion, a P/E ratio of 97.00 and a beta of 0.81. The company has a fifty day simple moving average of $392.26 and a 200 day simple moving average of $379.10. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.30. Tyler Technologies, Inc. has a twelve month low of $281.11 and a twelve month high of $426.83.

Tyler Technologies (NYSE:TYL) last released its earnings results on Wednesday, July 26th. The technology company reported $1.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.36 by $0.17. The firm had revenue of $504.28 million for the quarter, compared to analyst estimates of $490.65 million. Tyler Technologies had a return on equity of 8.94% and a net margin of 8.64%. Research analysts expect that Tyler Technologies, Inc. will post 5.67 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on TYL shares. StockNews.com initiated coverage on Tyler Technologies in a research report on Thursday, August 17th. They issued a “hold” rating for the company. Robert W. Baird increased their price objective on Tyler Technologies from $470.00 to $475.00 in a research note on Friday, July 28th. Needham & Company LLC reissued a “buy” rating and issued a $475.00 price objective on shares of Tyler Technologies in a research note on Thursday, July 27th. DA Davidson increased their price objective on Tyler Technologies from $395.00 to $412.00 in a research note on Wednesday, July 19th. Finally, Barclays raised their price target on 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 research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, Tyler Technologies presently has a consensus rating of “Moderate Buy” and an average target price of $440.29.

Insider Transactions at Tyler Technologies

In other news, Director Dustin R. Womble sold 2,111 shares of Tyler Technologies stock in a transaction that occurred 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 sale, the director now owns 12,805 shares of the company’s stock, valued at approximately $5,081,920.35. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Dustin R. Womble sold 2,111 shares of Tyler Technologies stock in a transaction that occurred 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 sale, the director now owns 12,805 shares of the company’s stock, valued at approximately $5,081,920.35. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO H Lynn Moore, Jr. sold 5,000 shares of Tyler Technologies stock in a transaction that occurred on Friday, September 1st. The stock was sold at an average price of $396.59, for a total value of $1,982,950.00. Following the sale, the chief executive officer now directly owns 80,000 shares in the company, valued at approximately $31,727,200. The disclosure for this sale can be found here. 2.20% of the stock is owned by insiders.

Tyler Technologies Company 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.