STA Wealth Management LLC acquired a new stake in Tyler Technologies, Inc. (NYSE:TYL) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 5,078 shares of the technology company’s stock, valued at approximately $899,000.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Zions Bancorporation acquired a new stake in shares of Tyler Technologies in the third quarter valued at approximately $156,000. San Francisco Sentry Investment Group CA raised its holdings in shares of Tyler Technologies by 1,334.7% in the fourth quarter. San Francisco Sentry Investment Group CA now owns 1,076 shares of the technology company’s stock valued at $191,000 after purchasing an additional 1,001 shares during the last quarter. CIBC Asset Management Inc acquired a new stake in shares of Tyler Technologies in the third quarter valued at approximately $218,000. Stone Ridge Asset Management LLC acquired a new stake in shares of Tyler Technologies in the fourth quarter valued at approximately $229,000. Finally, MML Investors Services LLC acquired a new stake in shares of Tyler Technologies in the fourth quarter valued at approximately $253,000. Institutional investors own 94.47% of the company’s stock.
In related news, VP Brian K. Miller sold 5,000 shares of the firm’s stock in a transaction on Tuesday, March 6th. The shares were sold at an average price of $210.54, for a total value of $1,052,700.00. Following the completion of the transaction, the vice president now directly owns 55,114 shares of the company’s stock, valued at $11,603,701.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Dustin R. Womble sold 20,000 shares of the firm’s stock in a transaction on Friday, March 9th. The shares were sold at an average price of $211.12, for a total transaction of $4,222,400.00. Following the completion of the transaction, the director now directly owns 1,500 shares of the company’s stock, valued at $316,680. The disclosure for this sale can be found here. Insiders sold 197,194 shares of company stock valued at $38,736,004 over the last three months. 10.30% of the stock is owned by company insiders.
Tyler Technologies, Inc. (NYSE:TYL) opened at $209.48 on Wednesday. Tyler Technologies, Inc. has a 52 week low of $152.00 and a 52 week high of $213.38. The firm has a market cap of $7,906.15, a price-to-earnings ratio of 61.90 and a beta of 0.97.
Tyler Technologies (NYSE:TYL) last released its earnings results on Wednesday, February 21st. The technology company reported $1.07 earnings per share for the quarter, beating the consensus estimate of $1.04 by $0.03. Tyler Technologies had a net margin of 19.50% and a return on equity of 12.49%. The business had revenue of $217.85 million during the quarter, compared to analysts’ expectations of $220.56 million. During the same period last year, the business earned $0.90 earnings per share. The firm’s revenue was up 12.7% on a year-over-year basis. equities analysts anticipate that Tyler Technologies, Inc. will post 3.87 EPS for the current fiscal year.
TYL has been the topic of a number of recent research reports. Zacks Investment Research downgraded shares of Tyler Technologies from a “hold” rating to a “sell” rating in a report on Wednesday, December 27th. Piper Jaffray Companies reiterated an “overweight” rating and issued a $220.00 price objective on shares of Tyler Technologies in a report on Tuesday, January 16th. Maxim Group lifted their price objective on shares of Tyler Technologies from $197.00 to $220.00 and gave the company a “buy” rating in a report on Friday, February 16th. Evercore ISI reiterated a “buy” rating and issued a $210.00 price objective on shares of Tyler Technologies in a report on Friday, February 23rd. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $235.00 price objective on shares of Tyler Technologies in a report on Friday, February 23rd. One research analyst has rated the stock with a sell rating, two have given a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. Tyler Technologies currently has a consensus rating of “Buy” and an average price target of $203.70.
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About Tyler Technologies
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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