Dimensional Fund Advisors LP Buys 2,595 Shares of Tyler Technologies, Inc. (NYSE:TYL)
Dimensional Fund Advisors LP raised its stake in Tyler Technologies, Inc. (NYSE:TYL) by 2.0% during the first quarter, Holdings Channel reports. The fund owned 130,988 shares of the technology company’s stock after buying an additional 2,595 shares during the period. Dimensional Fund Advisors LP’s holdings in Tyler Technologies were worth $20,245,000 at the end of the most recent reporting period.
A number of other hedge funds have also modified their holdings of TYL. Granite Investment Partners LLC acquired a new stake in shares of Tyler Technologies during the first quarter valued at approximately $2,884,000. Sei Investments Co. increased its stake in shares of Tyler Technologies by 19.7% in the first quarter. Sei Investments Co. now owns 71,165 shares of the technology company’s stock valued at $10,999,000 after buying an additional 11,708 shares during the last quarter. Stifel Financial Corp increased its stake in shares of Tyler Technologies by 10.9% in the first quarter. Stifel Financial Corp now owns 7,158 shares of the technology company’s stock valued at $1,106,000 after buying an additional 701 shares during the last quarter. Cambridge Investment Research Advisors Inc. increased its stake in shares of Tyler Technologies by 2.2% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 3,180 shares of the technology company’s stock valued at $492,000 after buying an additional 67 shares during the last quarter. Finally, Capstone Asset Management Co. increased its stake in shares of Tyler Technologies by 5.9% in the first quarter. Capstone Asset Management Co. now owns 3,240 shares of the technology company’s stock valued at $501,000 after buying an additional 180 shares during the last quarter. 89.77% of the stock is currently owned by institutional investors and hedge funds.
Shares of Tyler Technologies, Inc. (NYSE:TYL) traded up 0.48% during mid-day trading on Friday, reaching $168.54. The company had a trading volume of 23,830 shares. Tyler Technologies, Inc. has a one year low of $139.61 and a one year high of $182.49. The firm has a market capitalization of $6.29 billion, a price-to-earnings ratio of 50.49 and a beta of 0.95. The stock has a 50 day moving average of $173.66 and a 200-day moving average of $162.89.
Tyler Technologies (NYSE:TYL) last released 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. The company had revenue of $209.12 million for the quarter, compared to the consensus estimate of $210.67 million. Tyler Technologies had a return on equity of 12.77% and a net margin of 15.10%. Tyler Technologies’s revenue for the quarter was up 10.7% compared to the same quarter last year. During the same period last year, the company earned $0.86 EPS. Equities analysts predict that Tyler Technologies, Inc. will post $3.87 EPS for the current year.
TYL has been the topic of several research analyst reports. Zacks Investment Research raised Tyler Technologies from a “hold” rating to a “strong-buy” rating and set a $201.00 price objective on the stock in a research note on Thursday, June 29th. Maxim Group set a $197.00 price objective on Tyler Technologies and gave the stock a “buy” rating in a research note on Monday, July 17th. BidaskClub downgraded Tyler Technologies from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 31st. Finally, B. Riley reaffirmed a “buy” rating and set a $184.00 price objective on shares of Tyler Technologies in a research note on Friday, July 28th. One research analyst has rated the stock with a sell rating and six have issued a buy rating to the company’s stock. Tyler Technologies presently has an average rating of “Buy” and an average price target of $187.17.
In other news, Director Larry D. Leinweber sold 36,000 shares of the stock in a transaction dated Thursday, June 1st. The shares were sold at an average price of $170.54, for a total transaction of $6,139,440.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, VP Brian K. Miller sold 1,240 shares of the stock in a transaction dated Monday, June 5th. The stock was sold at an average price of $174.50, for a total transaction of $216,380.00. Following the transaction, the vice president now directly owns 47,989 shares in the company, valued at approximately $8,374,080.50. The disclosure for this sale can be found here. Insiders have sold a total of 234,753 shares of company stock worth $40,089,621 in the last three months. 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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