Tyler Technologies, Inc. (NYSE:TYL) Shares Bought by General American Investors Co. Inc.
General American Investors Co. Inc. increased its position in shares of Tyler Technologies, Inc. (NYSE:TYL) by 2.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 53,170 shares of the technology company’s stock after buying an additional 1,500 shares during the period. General American Investors Co. Inc.’s holdings in Tyler Technologies were worth $9,340,000 at the end of the most recent reporting period.
Other hedge funds also recently modified their holdings of the company. Granite Investment Partners LLC bought a new stake in shares of Tyler Technologies during the first quarter worth $2,884,000. Glen Harbor Capital Management LLC raised its stake in shares of Tyler Technologies by 1.3% in the first quarter. Glen Harbor Capital Management LLC now owns 16,524 shares of the technology company’s stock worth $2,554,000 after buying an additional 204 shares in the last quarter. Profund Advisors LLC raised its stake in shares of Tyler Technologies by 5.8% in the first quarter. Profund Advisors LLC now owns 4,716 shares of the technology company’s stock worth $729,000 after buying an additional 259 shares in the last quarter. Personal Capital Advisors Corp raised its stake in shares of Tyler Technologies by 13.9% in the first quarter. Personal Capital Advisors Corp now owns 97,470 shares of the technology company’s stock worth $15,107,000 after buying an additional 11,862 shares in the last quarter. Finally, NBW Capital LLC raised its stake in shares of Tyler Technologies by 27.9% in the first quarter. NBW Capital LLC now owns 33,380 shares of the technology company’s stock worth $5,159,000 after buying an additional 7,278 shares in the last quarter. Hedge funds and other institutional investors own 89.77% of the company’s stock.
Tyler Technologies, Inc. (NYSE TYL) opened at 169.46 on Thursday. Tyler Technologies, Inc. has a one year low of $139.61 and a one year high of $182.49. The firm has a market cap of $6.32 billion, a price-to-earnings ratio of 50.77 and a beta of 0.95. The stock’s 50 day moving average is $173.77 and its 200-day moving average is $162.85.
Tyler Technologies (NYSE:TYL) last announced its quarterly earnings data on Wednesday, July 26th. The technology company reported $0.91 earnings per share (EPS) 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 business had revenue of $209.12 million during the quarter, compared to analysts’ expectations of $210.67 million. During the same period last year, the company posted $0.86 EPS. Tyler Technologies’s revenue for the quarter was up 10.7% on a year-over-year basis. On average, equities research analysts expect that Tyler Technologies, Inc. will post $3.87 earnings per share for the current fiscal year.
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A number of analysts have weighed in on the stock. Maxim Group set a $197.00 target price on shares of Tyler Technologies and gave the company a “buy” rating in a research report on Thursday, July 27th. Zacks Investment Research upgraded 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. BidaskClub lowered shares of Tyler Technologies from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 31st. Finally, B. Riley restated a “buy” rating and issued a $184.00 target price on shares of Tyler Technologies in a research report on Wednesday, August 2nd. One investment analyst has rated the stock with a sell rating and six have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $187.17.
In other Tyler Technologies news, VP Brian K. Miller sold 1,240 shares of the stock in a transaction on Monday, June 5th. The shares were sold at an average price of $174.50, for a total transaction of $216,380.00. Following the completion of the sale, the vice president now owns 47,989 shares of the company’s stock, valued at approximately $8,374,080.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Larry D. Leinweber sold 36,000 shares of the stock in a transaction on Thursday, June 1st. The shares were sold at an average price of $170.54, for a total transaction of $6,139,440.00. The disclosure for this sale can be found here. Insiders sold a total of 234,753 shares of company stock valued at $40,089,621 in the last ninety days. 10.30% of the stock is owned by corporate insiders.
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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