Putnam FL Investment Management Co. Trims Position in Tyler Technologies, Inc. (TYL)
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.
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.
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.
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