JPMorgan Chase & Co. lessened its stake in shares of Tyler Technologies, Inc. (NYSE:TYL) by 0.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,025,466 shares of the technology company’s stock after selling 2,331 shares during the quarter. JPMorgan Chase & Co. owned approximately 2.73% of Tyler Technologies worth $177,794,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Legal & General Group Plc boosted its position in Tyler Technologies by 11.9% during the 3rd quarter. Legal & General Group Plc now owns 29,833 shares of the technology company’s stock valued at $5,200,000 after acquiring an additional 3,179 shares in the last quarter. Eagle Asset Management Inc. boosted its position in Tyler Technologies by 1.3% during the 3rd quarter. Eagle Asset Management Inc. now owns 366,900 shares of the technology company’s stock valued at $64,350,000 after acquiring an additional 4,706 shares in the last quarter. Great West Life Assurance Co. Can boosted its position in Tyler Technologies by 1.9% during the 3rd quarter. Great West Life Assurance Co. Can now owns 20,642 shares of the technology company’s stock valued at $3,578,000 after acquiring an additional 387 shares in the last quarter. Nordea Investment Management AB boosted its position in Tyler Technologies by 11.6% during the 3rd quarter. Nordea Investment Management AB now owns 12,630 shares of the technology company’s stock valued at $2,202,000 after acquiring an additional 1,312 shares in the last quarter. Finally, American International Group Inc. boosted its position in Tyler Technologies by 2.7% during the 3rd quarter. American International Group Inc. now owns 70,972 shares of the technology company’s stock valued at $12,372,000 after acquiring an additional 1,863 shares in the last quarter. 93.36% of the stock is currently owned by institutional investors and hedge funds.

A number of analysts have recently weighed in on the company. Piper Jaffray Companies reissued a “buy” rating and issued a $200.00 price objective on shares of Tyler Technologies in a research report on Friday, October 27th. Northland Securities reissued a “buy” rating and issued a $200.00 price objective on shares of Tyler Technologies in a research report on Thursday, September 21st. BidaskClub raised Tyler Technologies from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, August 23rd. Zacks Investment Research raised Tyler Technologies from a “sell” rating to a “hold” rating in a research report on Saturday, August 19th. Finally, Needham & Company LLC reissued a “buy” rating on shares of Tyler Technologies in a research report on Tuesday, October 24th. One research analyst has rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $193.00.

Tyler Technologies, Inc. (NYSE:TYL) traded down $1.13 during trading on Friday, hitting $181.79. The stock had a trading volume of 350,740 shares, compared to its average volume of 190,964. The firm has a market cap of $6,830.00, a PE ratio of 55.24 and a beta of 0.98. Tyler Technologies, Inc. has a 52-week low of $139.61 and a 52-week high of $183.98.

Tyler Technologies (NYSE:TYL) last posted its quarterly earnings data on Wednesday, October 25th. The technology company reported $1.05 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.02 by $0.03. The firm had revenue of $214.15 million during the quarter, compared to analysts’ expectations of $216.80 million. Tyler Technologies had a return on equity of 12.81% and a net margin of 16.34%. The business’s quarterly revenue was up 10.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.94 EPS. research analysts predict that Tyler Technologies, Inc. will post 3.27 earnings per share for the current fiscal year.

In related news, VP Brian K. Miller sold 9,760 shares of the firm’s stock in a transaction on Friday, September 15th. The stock was sold at an average price of $169.01, for a total value of $1,649,537.60. Following the completion of the transaction, the vice president now owns 53,194 shares in the company, valued at approximately $8,990,317.94. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Brian K. Miller sold 4,860 shares of the firm’s stock in a transaction on Tuesday, November 28th. The stock was sold at an average price of $178.34, for a total value of $866,732.40. The disclosure for this sale can be found here. Insiders sold a total of 189,532 shares of company stock valued at $32,928,606 in the last 90 days. 10.30% of the stock is currently owned by company insiders.

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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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