Tyler Technologies, Inc. (TYL) Position Boosted by Legal & General Group Plc
Legal & General Group Plc boosted its holdings in shares of Tyler Technologies, Inc. (NYSE:TYL) by 9.7% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 42,984 shares of the technology company’s stock after acquiring an additional 3,815 shares during the quarter. Legal & General Group Plc’s holdings in Tyler Technologies were worth $9,547,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also bought and sold shares of the company. Ostrum Asset Management purchased a new position in Tyler Technologies during the 1st quarter valued at $127,000. TLP Group LLC boosted its holdings in Tyler Technologies by 941.9% during the 1st quarter. TLP Group LLC now owns 969 shares of the technology company’s stock valued at $204,000 after acquiring an additional 876 shares during the period. ETRADE Capital Management LLC purchased a new position in Tyler Technologies during the 1st quarter valued at $205,000. Alps Advisors Inc. purchased a new position in Tyler Technologies during the 2nd quarter valued at $209,000. Finally, Welch & Forbes LLC purchased a new position in Tyler Technologies during the 2nd quarter valued at $222,000. Institutional investors own 92.23% of the company’s stock.
In other Tyler Technologies news, insider H Lynn Moore, Jr. sold 5,000 shares of the company’s stock in a transaction on Wednesday, August 1st. The stock was sold at an average price of $225.33, for a total value of $1,126,650.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Glenn A. Carter sold 1,225 shares of the company’s stock in a transaction on Tuesday, August 28th. The stock was sold at an average price of $242.40, for a total value of $296,940.00. Following the completion of the sale, the director now owns 1,725 shares of the company’s stock, valued at $418,140. The disclosure for this sale can be found here. Insiders sold a total of 132,745 shares of company stock valued at $31,950,629 over the last quarter. Company insiders own 4.70% of the company’s stock.
Shares of TYL stock opened at $249.27 on Friday. Tyler Technologies, Inc. has a twelve month low of $167.50 and a twelve month high of $252.47. The firm has a market capitalization of $9.67 billion, a price-to-earnings ratio of 78.39, a PEG ratio of 6.60 and a beta of 0.88.
Tyler Technologies (NYSE:TYL) last issued its earnings results on Thursday, July 26th. The technology company reported $1.18 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.13 by $0.05. Tyler Technologies had a return on equity of 11.70% and a net margin of 19.91%. The business had revenue of $236.10 million during the quarter, compared to analysts’ expectations of $233.28 million. During the same period in the prior year, the business earned $0.91 EPS. The business’s revenue for the quarter was up 13.1% compared to the same quarter last year. sell-side analysts predict that Tyler Technologies, Inc. will post 3.79 earnings per share for the current fiscal year.
Tyler Technologies Company Profile
Tyler Technologies, Inc provides integrated information management solutions and services for the public sector in the United States and internationally. It operates through two segments, Enterprise Software, and Appraisal and Tax. The company's financial management solutions include modular fund accounting systems for government agencies or not-for-profit entities; and utility billing systems for the billing and collection of metered and non-metered services.
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