Zacks Investment Management Has $922,000 Stake in Tyler Technologies, Inc. (TYL)
Zacks Investment Management trimmed its stake in Tyler Technologies, Inc. (NYSE:TYL) by 2.0% in the 4th quarter, HoldingsChannel reports. The firm owned 4,964 shares of the technology company’s stock after selling 102 shares during the period. Zacks Investment Management’s holdings in Tyler Technologies were worth $922,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors also recently bought and sold shares of the company. Quantamental Technologies LLC bought a new position in shares of Tyler Technologies during the 4th quarter valued at about $33,000. Cutler Group LP bought a new position in shares of Tyler Technologies during the 4th quarter valued at about $37,000. Captrust Financial Advisors boosted its holdings in shares of Tyler Technologies by 22.9% during the 4th quarter. Captrust Financial Advisors now owns 403 shares of the technology company’s stock valued at $75,000 after purchasing an additional 75 shares during the last quarter. Meeder Asset Management Inc. bought a new position in shares of Tyler Technologies during the 4th quarter valued at about $79,000. Finally, Bronfman E.L. Rothschild L.P. boosted its holdings in shares of Tyler Technologies by 15.6% during the 4th quarter. Bronfman E.L. Rothschild L.P. now owns 629 shares of the technology company’s stock valued at $117,000 after purchasing an additional 85 shares during the last quarter. Hedge funds and other institutional investors own 90.65% of the company’s stock.
Shares of NYSE:TYL opened at $199.07 on Monday. Tyler Technologies, Inc. has a 12 month low of $173.26 and a 12 month high of $252.47. The stock has a market capitalization of $7.62 billion, a P/E ratio of 53.23, a price-to-earnings-growth ratio of 4.77 and a beta of 0.92.
In related news, Director Dustin R. Womble sold 3,676 shares of the stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $206.87, for a total value of $760,454.12. Following the sale, the director now directly owns 181,798 shares of the company’s stock, valued at approximately $37,608,552.26. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman John S. Marr, Jr. sold 10,000 shares of the stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $201.26, for a total transaction of $2,012,600.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 43,676 shares of company stock valued at $8,798,254. 4.70% of the stock is owned by insiders.
Several research analysts have commented on TYL shares. Zacks Investment Research downgraded shares of Tyler Technologies from a “hold” rating to a “sell” rating in a report on Thursday, February 28th. TheStreet raised shares of Tyler Technologies from a “c+” rating to a “b-” rating in a report on Friday, February 15th. ValuEngine downgraded shares of Tyler Technologies from a “buy” rating to a “hold” rating in a report on Friday, February 22nd. KeyCorp reissued a “hold” rating on shares of Tyler Technologies in a report on Thursday, February 21st. Finally, Northland Securities reissued a “buy” rating and set a $240.00 price objective on shares of Tyler Technologies in a report on Friday, February 22nd. One analyst has rated the stock with a sell rating, five have given a hold rating and six have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $238.56.
About Tyler Technologies
Tyler Technologies, Inc provides integrated information management solutions and services for the public sector in the United States and internationally. The company operates in two segments, Enterprise Software, and Appraisal and Tax. It offers financial management solutions, including modular fund accounting systems for government agencies or not-for-profit entities; utility billing systems for the billing and collection of metered and non-metered services; products to automate city and county functions, such as municipal courts, parking tickets, equipment and project costing, animal and business licenses, permits and inspections, code enforcement, citizen complaint tracking, ambulance billing, fleet maintenance, and cemetery records management; and student information and transportation solutions for K-12 schools.
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