Riverhead Capital Management LLC increased its position in Tyler Technologies, Inc. (NYSE:TYL) by 60.8% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,930 shares of the technology company’s stock after purchasing an additional 730 shares during the quarter. Riverhead Capital Management LLC’s holdings in Tyler Technologies were worth $339,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the company. Alps Advisors Inc. boosted its stake in shares of Tyler Technologies by 0.3% in the second quarter. Alps Advisors Inc. now owns 3,084 shares of the technology company’s stock valued at $542,000 after purchasing an additional 8 shares during the period. Cue Financial Group Inc. boosted its stake in shares of Tyler Technologies by 0.6% in the second quarter. Cue Financial Group Inc. now owns 2,690 shares of the technology company’s stock valued at $473,000 after purchasing an additional 15 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in shares of Tyler Technologies by 0.6% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 4,925 shares of the technology company’s stock valued at $865,000 after purchasing an additional 30 shares during the period. Teacher Retirement System of Texas boosted its stake in shares of Tyler Technologies by 1.7% in the second quarter. Teacher Retirement System of Texas now owns 2,789 shares of the technology company’s stock valued at $490,000 after purchasing an additional 47 shares during the period. Finally, Cambridge Investment Research Advisors Inc. boosted 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 purchasing an additional 67 shares during the period. Institutional investors and hedge funds own 90.51% of the company’s stock.

TYL has been the subject of several analyst reports. Zacks Investment Research upgraded shares of Tyler Technologies from a “hold” rating to a “strong-buy” rating and set a $201.00 target price for the company in a research note on Thursday, June 29th. Maxim Group set a $197.00 target price on shares of Tyler Technologies and gave the company a “buy” rating in a research note on Monday, July 17th. B. Riley restated a “buy” rating and issued a $184.00 target price on shares of Tyler Technologies in a research note on Friday, July 28th. BidaskClub downgraded shares of Tyler Technologies from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 31st. Finally, Piper Jaffray Companies restated a “buy” rating and issued a $200.00 target price on shares of Tyler Technologies in a research note on Sunday, August 27th. One equities research analyst has rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $195.29.

In other news, VP Brian K. Miller sold 6,000 shares of the firm’s stock in a transaction on Friday, August 25th. The shares were sold at an average price of $170.38, for a total value of $1,022,280.00. Following the sale, the vice president now owns 56,694 shares in the company, valued at $9,659,523.72. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP Brian K. Miller sold 1,848 shares of the firm’s stock in a transaction on Wednesday, August 16th. The stock was sold at an average price of $172.58, for a total transaction of $318,927.84. Following the completion of the sale, the vice president now owns 52,657 shares in the company, valued at approximately $9,087,545.06. The disclosure for this sale can be found here. In the last 90 days, insiders sold 279,357 shares of company stock worth $47,777,389. 10.30% of the stock is currently owned by corporate insiders.

Shares of Tyler Technologies, Inc. (NYSE:TYL) opened at 173.40 on Monday. Tyler Technologies, Inc. has a 12-month low of $139.61 and a 12-month high of $182.49. The firm has a market capitalization of $6.47 billion, a PE ratio of 51.95 and a beta of 0.95. The company has a 50-day moving average of $170.29 and a 200 day moving average of $166.78.

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 consensus estimate of $0.94 by ($0.03). The company had revenue of $209.12 million during the quarter, compared to analyst estimates of $210.67 million. Tyler Technologies had a return on equity of 13.02% and a net margin of 14.73%. The company’s revenue was up 10.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.86 EPS. On average, analysts predict that Tyler Technologies, Inc. will post $3.87 EPS for the current year.

WARNING: “Riverhead Capital Management LLC Has $339,000 Stake in Tyler Technologies, Inc. (TYL)” was reported by Daily Political and is the property of of Daily Political. If you are accessing this piece on another website, it was illegally copied and republished in violation of U.S. and international trademark & copyright law. The legal version of this piece can be read at https://www.dailypolitical.com/2017/09/25/riverhead-capital-management-llc-has-339000-stake-in-tyler-technologies-inc-tyl.html.

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.

Institutional Ownership by Quarter for Tyler Technologies (NYSE:TYL)

Receive News & Ratings for Tyler Technologies Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tyler Technologies Inc. and related companies with MarketBeat.com's FREE daily email newsletter.