Aperio Group LLC Acquires 327 Shares of Tyler Technologies, Inc. (NYSE:TYL)
Aperio Group LLC raised its stake in shares of Tyler Technologies, Inc. (NYSE:TYL) by 3.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,795 shares of the technology company’s stock after buying an additional 327 shares during the period. Aperio Group LLC’s holdings in Tyler Technologies were worth $1,545,000 as of its most recent SEC filing.
A number of other hedge funds have also added to or reduced their stakes in the stock. Assetmark Inc. raised its stake in Tyler Technologies by 15.1% in the first quarter. Assetmark Inc. now owns 761 shares of the technology company’s stock valued at $118,000 after buying an additional 100 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Tyler Technologies by 32.3% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,298 shares of the technology company’s stock valued at $201,000 after buying an additional 317 shares during the period. Pennsylvania Trust Co purchased a new position in shares of Tyler Technologies during the first quarter valued at about $239,000. Dynamic Technology Lab Private Ltd purchased a new position in shares of Tyler Technologies during the first quarter valued at about $242,000. Finally, Capital Analysts LLC increased its position in shares of Tyler Technologies by 15.6% in the first quarter. Capital Analysts LLC now owns 1,700 shares of the technology company’s stock valued at $263,000 after buying an additional 230 shares during the period. Hedge funds and other institutional investors own 89.77% of the company’s stock.
Shares of Tyler Technologies, Inc. (NYSE TYL) traded up 1.58% during trading on Friday, hitting $170.39. 115,607 shares of the stock traded hands. The company has a market cap of $6.36 billion, a price-to-earnings ratio of 51.05 and a beta of 0.95. The firm’s 50-day moving average price is $173.66 and its 200-day moving average price is $162.89. Tyler Technologies, Inc. has a 52 week low of $139.61 and a 52 week high of $182.49.
Tyler Technologies (NYSE:TYL) last posted its quarterly earnings results on Wednesday, July 26th. The technology company reported $0.91 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.94 by $0.03. The firm had revenue of $209.12 million during the quarter, compared to the consensus estimate of $210.67 million. Tyler Technologies had a net margin of 15.10% and a return on equity of 12.77%. Tyler Technologies’s revenue was up 10.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.86 EPS. On average, equities research analysts anticipate that Tyler Technologies, Inc. will post $3.87 earnings per share for the current year.
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Several brokerages have recently issued reports on TYL. B. Riley reissued a “buy” rating and set a $184.00 price target on shares of Tyler Technologies in a report on Wednesday, August 2nd. Zacks Investment Research downgraded shares of Tyler Technologies from a “hold” rating to a “sell” rating in a report on Tuesday, August 1st. BidaskClub downgraded shares of Tyler Technologies from a “strong-buy” rating to a “buy” rating in a report on Monday, July 31st. Finally, Maxim Group set a $197.00 price target on shares of Tyler Technologies and gave the company a “buy” rating in a report on Thursday, July 27th. One research analyst has rated the stock with a sell rating and six have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $187.17.
In related news, CEO John S. Marr, Jr. sold 23,960 shares of the firm’s stock in a transaction dated Wednesday, May 17th. The stock was sold at an average price of $167.69, for a total value of $4,017,852.40. Following the transaction, the chief executive officer now owns 355,437 shares in the company, valued at $59,603,230.53. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Larry D. Leinweber sold 19,021 shares of the firm’s stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $170.18, for a total value of $3,236,993.78. The disclosure for this sale can be found here. In the last quarter, insiders sold 234,753 shares of company stock worth $40,089,621. 10.30% of the stock is owned by company insiders.
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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