Koch Industries Inc. boosted its position in shares of Tyler Technologies, Inc. (NYSE:TYL) by 18,128.1% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 401,747 shares of the technology company’s stock after buying an additional 399,543 shares during the quarter. Koch Industries Inc. owned approximately 1.08% of Tyler Technologies worth $399,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of the stock. Alps Advisors Inc. raised its holdings in Tyler Technologies by 0.3% during the 2nd quarter. Alps Advisors Inc. now owns 3,084 shares of the technology company’s stock valued at $542,000 after buying an additional 8 shares during the last quarter. Cue Financial Group Inc. raised its holdings in Tyler Technologies by 0.6% during the 2nd quarter. Cue Financial Group Inc. now owns 2,690 shares of the technology company’s stock valued at $473,000 after buying an additional 15 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in Tyler Technologies by 0.6% during the 2nd 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 buying an additional 30 shares during the last quarter. Teacher Retirement System of Texas raised its holdings in Tyler Technologies by 1.7% during the 2nd quarter. Teacher Retirement System of Texas now owns 2,789 shares of the technology company’s stock valued at $490,000 after buying an additional 47 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. raised its holdings in Tyler Technologies by 2.2% during the 1st 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. Institutional investors own 90.49% of the company’s stock.

In related news, Director Larry D. Leinweber sold 36,000 shares of Tyler Technologies stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $171.82, for a total value of $6,185,520.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Brian K. Miller sold 1,848 shares of Tyler Technologies stock in a transaction dated Wednesday, August 16th. The shares were sold at an average price of $172.58, for a total value of $318,927.84. Following the completion of the sale, the vice president now owns 52,657 shares of the company’s stock, valued at $9,087,545.06. The disclosure for this sale can be found here. Insiders sold 243,357 shares of company stock valued at $41,622,109 over the last 90 days. 10.30% of the stock is currently owned by corporate insiders.

Shares of Tyler Technologies, Inc. (NYSE:TYL) traded up 0.08% on Monday, reaching $179.66. 8,862 shares of the company’s stock were exchanged. The stock has a market cap of $6.70 billion, a price-to-earnings ratio of 53.82 and a beta of 0.93. Tyler Technologies, Inc. has a one year low of $139.61 and a one year high of $182.49. The company’s 50 day moving average is $172.69 and its 200-day moving average is $169.37.

Tyler Technologies (NYSE:TYL) last released its quarterly earnings data on Wednesday, July 26th. The technology company reported $0.91 earnings per share 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 14.73% and a return on equity of 13.02%. The business’s revenue was up 10.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.86 earnings per share. On average, analysts anticipate that Tyler Technologies, Inc. will post $3.86 EPS for the current year.

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A number of equities research analysts recently commented on the stock. B. Riley reiterated a “buy” rating and set a $184.00 price target on shares of Tyler Technologies in a report on Wednesday, August 2nd. BidaskClub lowered shares of Tyler Technologies from a “strong-buy” rating to a “buy” rating in a report on Monday, July 31st. Northland Securities reiterated a “buy” rating and set a $200.00 price target on shares of Tyler Technologies in a report on Thursday, September 21st. Zacks Investment Research lowered shares of Tyler Technologies from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 13th. 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 investment analyst has rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $192.29.

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)

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