Sheets Smith Wealth Management bought a new stake in Tyler Technologies, Inc. (NYSE:TYL) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 1,683 shares of the technology company’s stock, valued at approximately $296,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Personal Capital Advisors Corp increased its position in Tyler Technologies by 13.9% in the first quarter. Personal Capital Advisors Corp now owns 97,470 shares of the technology company’s stock valued at $15,107,000 after buying an additional 11,862 shares during the period. NBW Capital LLC increased its position in Tyler Technologies by 27.9% in the first quarter. NBW Capital LLC now owns 33,380 shares of the technology company’s stock valued at $5,159,000 after buying an additional 7,278 shares during the period. Retirement Systems of Alabama increased its position in Tyler Technologies by 0.5% in the first quarter. Retirement Systems of Alabama now owns 43,266 shares of the technology company’s stock valued at $6,687,000 after buying an additional 226 shares during the period. Conestoga Capital Advisors LLC increased its position in Tyler Technologies by 2.0% in the first quarter. Conestoga Capital Advisors LLC now owns 213,308 shares of the technology company’s stock valued at $32,969,000 after buying an additional 4,115 shares during the period. Finally, Louisiana State Employees Retirement System increased its position in Tyler Technologies by 3.7% in the first quarter. Louisiana State Employees Retirement System now owns 8,500 shares of the technology company’s stock valued at $1,314,000 after buying an additional 300 shares during the period. 89.88% of the stock is currently owned by institutional investors and hedge funds.

Shares of Tyler Technologies, Inc. (TYL) traded down 0.12% on Friday, reaching $177.34. 94,847 shares of the company were exchanged. The stock has a market capitalization of $6.58 billion, a P/E ratio of 55.75 and a beta of 0.96. The stock has a 50 day moving average price of $172.76 and a 200-day moving average price of $160.56. Tyler Technologies, Inc. has a 12 month low of $139.61 and a 12 month high of $179.44.

Tyler Technologies (NYSE:TYL) last announced its earnings results on Wednesday, April 26th. The technology company reported $0.75 EPS for the quarter, topping the consensus estimate of $0.74 by $0.01. The firm had revenue of $199.54 million for the quarter, compared to the consensus estimate of $199.76 million. Tyler Technologies had a net margin of 13.48% and a return on equity of 13.12%. The business’s quarterly revenue was up 11.3% on a year-over-year basis. During the same period last year, the company posted $0.81 EPS. On average, equities analysts expect that Tyler Technologies, Inc. will post $3.88 EPS for the current fiscal year.

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Several research firms have recently weighed in on TYL. Zacks Investment Research raised shares of Tyler Technologies from a “hold” rating to a “strong-buy” rating and set a $201.00 target price on the stock in a research report on Thursday, June 29th. Maxim Group set a $197.00 target price on shares of Tyler Technologies and gave the stock a “buy” rating in a research report on Monday, July 17th. Finally, B. Riley reissued a “buy” rating and issued a $184.00 target price on shares of Tyler Technologies in a research report on Sunday, May 14th. One investment analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $187.00.

In other news, Director Larry D. Leinweber sold 84,000 shares of the firm’s stock in a transaction that occurred on Monday, May 8th. The shares were sold at an average price of $165.51, for a total transaction of $13,902,840.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Larry D. Leinweber sold 36,000 shares of the firm’s stock in a transaction that occurred on Monday, May 1st. The stock was sold at an average price of $163.55, for a total transaction of $5,887,800.00. The disclosure for this sale can be found here. Insiders have sold a total of 391,147 shares of company stock worth $65,619,550 over the last 90 days. Corporate insiders own 10.30% of the company’s stock.

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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