Putnam FL Investment Management Co. lessened its position in shares of Tyler Technologies, Inc. (NYSE:TYL) by 13.7% in the fourth quarter, Holdings Channel reports. The fund owned 5,769 shares of the technology company’s stock after selling 915 shares during the quarter. Putnam FL Investment Management Co.’s holdings in Tyler Technologies were worth $1,021,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of TYL. Zions Bancorporation purchased a new stake in Tyler Technologies during the third quarter valued at $156,000. CIBC Asset Management Inc purchased a new stake in Tyler Technologies in the third quarter worth about $218,000. Bell Bank purchased a new stake in Tyler Technologies in the third quarter worth about $254,000. Gofen & Glossberg LLC IL purchased a new stake in Tyler Technologies in the second quarter worth about $256,000. Finally, Advisor Group Inc. increased its position in Tyler Technologies by 27.5% in the second quarter. Advisor Group Inc. now owns 1,517 shares of the technology company’s stock worth $267,000 after buying an additional 327 shares in the last quarter. Institutional investors own 92.38% of the company’s stock.

Shares of Tyler Technologies, Inc. (TYL) opened at $187.41 on Friday. Tyler Technologies, Inc. has a 1 year low of $147.30 and a 1 year high of $204.62. The stock has a market capitalization of $7,157.86, a PE ratio of 54.96 and a beta of 1.00.

In related news, President H Lynn Moore, Jr. sold 6,000 shares of the stock in a transaction dated Friday, December 15th. The stock was sold at an average price of $179.57, for a total transaction of $1,077,420.00. Following the completion of the sale, the president now owns 61,278 shares in the company, valued at $11,003,690.46. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Brian K. Miller sold 5,000 shares of the stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $176.86, for a total value of $884,300.00. Following the sale, the vice president now owns 55,694 shares of the company’s stock, valued at approximately $9,850,040.84. The disclosure for this sale can be found here. Insiders have sold 284,707 shares of company stock valued at $51,517,784 in the last quarter. 10.30% of the stock is currently owned by company insiders.

TYL has been the subject of a number of analyst reports. Piper Jaffray Companies restated a “buy” rating and issued a $200.00 price target on shares of Tyler Technologies in a research report on Friday, October 27th. Needham & Company LLC restated a “buy” rating on shares of Tyler Technologies in a research report on Tuesday, October 24th. Zacks Investment Research cut Tyler Technologies from a “buy” rating to a “hold” rating in a research report on Saturday, December 2nd. Maxim Group set a $197.00 price target on Tyler Technologies and gave the stock a “buy” rating in a research report on Thursday, October 26th. Finally, B. Riley cut Tyler Technologies from a “buy” rating to a “neutral” rating and set a $184.00 price target for the company. in a research report on Friday, October 27th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. Tyler Technologies has a consensus rating of “Buy” and a consensus price target of $195.50.

TRADEMARK VIOLATION NOTICE: “Putnam FL Investment Management Co. Trims Position in Tyler Technologies, Inc. (TYL)” was first reported by Daily Political and is the property of of Daily Political. If you are viewing this report on another website, it was illegally stolen and reposted in violation of U.S. and international copyright & trademark law. The legal version of this report can be accessed at https://www.dailypolitical.com/2018/02/09/putnam-fl-investment-management-co-trims-position-in-tyler-technologies-inc-tyl.html.

Tyler Technologies 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.

Want to see what other hedge funds are holding TYL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Tyler Technologies, Inc. (NYSE:TYL).

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

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