Stephens Investment Management Group LLC lifted its stake in shares of Tyler Technologies, Inc. (NYSE:TYL) by 1.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 201,105 shares of the technology company’s stock after acquiring an additional 1,938 shares during the period. Stephens Investment Management Group LLC owned approximately 0.52% of Tyler Technologies worth $43,443,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the company. Icon Wealth Partners LLC acquired a new position in Tyler Technologies during the first quarter worth $53,000. Tompkins Financial Corp boosted its holdings in Tyler Technologies by 42.0% during the second quarter. Tompkins Financial Corp now owns 291 shares of the technology company’s stock worth $63,000 after purchasing an additional 86 shares during the last quarter. Advisory Services Network LLC boosted its holdings in Tyler Technologies by 42.3% during the second quarter. Advisory Services Network LLC now owns 313 shares of the technology company’s stock worth $68,000 after purchasing an additional 93 shares during the last quarter. Ellis Investment Partners LLC acquired a new position in Tyler Technologies during the first quarter worth $76,000. Finally, NEXT Financial Group Inc boosted its holdings in Tyler Technologies by 44.2% during the second quarter. NEXT Financial Group Inc now owns 679 shares of the technology company’s stock worth $147,000 after purchasing an additional 208 shares during the last quarter. 88.35% of the stock is owned by institutional investors.

In other news, Chairman John S. Marr, Jr. sold 30,000 shares of the firm’s stock in a transaction dated Thursday, June 13th. The shares were sold at an average price of $220.17, for a total transaction of $6,605,100.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Dustin R. Womble sold 2,303 shares of the firm’s stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $252.05, for a total transaction of $580,471.15. Following the sale, the director now owns 180,425 shares of the company’s stock, valued at approximately $45,476,121.25. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 101,173 shares of company stock valued at $23,965,963. 4.40% of the stock is currently owned by corporate insiders.

Several brokerages recently commented on TYL. Benchmark increased their target price on shares of Tyler Technologies from $235.00 to $285.00 and gave the stock a “buy” rating in a report on Friday, August 2nd. ValuEngine upgraded shares of Tyler Technologies from a “hold” rating to a “buy” rating in a research note on Tuesday, July 2nd. Zacks Investment Research upgraded shares of Tyler Technologies from a “sell” rating to a “hold” rating in a research note on Friday, July 5th. Needham & Company LLC increased their price target on shares of Tyler Technologies to $280.00 and gave the company a “buy” rating in a research note on Friday, August 2nd. Finally, KeyCorp reiterated a “hold” rating on shares of Tyler Technologies in a research note on Thursday, August 1st. Three investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $249.50.

Shares of NYSE TYL traded up $2.11 during mid-day trading on Thursday, reaching $253.34. 4,985 shares of the company were exchanged, compared to its average volume of 253,645. The firm’s 50-day moving average is $231.19. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.00 and a quick ratio of 1.00. The company has a market capitalization of $9.72 billion, a PE ratio of 67.40 and a beta of 0.92. Tyler Technologies, Inc. has a twelve month low of $173.26 and a twelve month high of $257.51.

Tyler Technologies (NYSE:TYL) last posted its earnings results on Wednesday, July 31st. The technology company reported $1.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.01 by $0.05. The company had revenue of $275.10 million during the quarter, compared to analysts’ expectations of $274.88 million. Tyler Technologies had a net margin of 12.96% and a return on equity of 11.44%. Tyler Technologies’s quarterly revenue was up 16.5% compared to the same quarter last year. During the same quarter last year, the company posted $1.18 EPS. As a group, analysts expect that Tyler Technologies, Inc. will post 4.16 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. 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.

See Also: Cost of Goods Sold (COGS)

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

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