Texas Yale Capital Corp. continued to hold its stake in Tyler Technologies, Inc. (NYSE:TYL) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 14,615 shares of the technology company’s stock at the end of the second quarter. Texas Yale Capital Corp.’s holdings in Tyler Technologies were worth $2,567,000 at the end of the most recent reporting period.
A number of other hedge funds have also bought and sold shares of TYL. Assetmark Inc. boosted its stake in Tyler Technologies by 15.1% in the first quarter. Assetmark Inc. now owns 761 shares of the technology company’s stock worth $118,000 after buying an additional 100 shares during the period. YHB Investment Advisors Inc. purchased a new position in Tyler Technologies during the second quarter worth approximately $209,000. Lakeview Capital Partners LLC purchased a new position in Tyler Technologies during the second quarter worth approximately $211,000. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Tyler Technologies by 32.3% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,298 shares of the technology company’s stock worth $201,000 after buying an additional 317 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd purchased a new position in Tyler Technologies during the first quarter worth approximately $242,000. Hedge funds and other institutional investors own 90.01% of the company’s stock.
Shares of Tyler Technologies, Inc. (TYL) opened at 169.96 on Friday. The company has a market cap of $6.34 billion, a price-to-earnings ratio of 50.92 and a beta of 0.95. The firm has a 50-day moving average of $173.01 and a 200 day moving average of $163.71. Tyler Technologies, Inc. has a one year low of $139.61 and a one year high of $182.49.
Tyler Technologies (NYSE:TYL) last posted its quarterly earnings data on Wednesday, July 26th. The technology company reported $0.91 earnings per share for the quarter, missing the consensus estimate of $0.94 by $0.03. The firm had revenue of $209.12 million for the quarter, compared to the consensus estimate of $210.67 million. Tyler Technologies had a return on equity of 13.02% and a net margin of 14.73%. The firm’s quarterly revenue was up 10.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.86 EPS. Equities research analysts anticipate that Tyler Technologies, Inc. will post $3.87 EPS for the current year.
A number of equities analysts have recently commented on the stock. B. Riley reissued a “buy” rating and issued a $184.00 price target on shares of Tyler Technologies in a research report on Tuesday, May 9th. Zacks Investment Research lowered shares of Tyler Technologies from a “hold” rating to a “sell” rating in a research report on Tuesday, August 1st. BidaskClub lowered shares of Tyler Technologies from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 31st. Finally, Maxim Group set a $197.00 price target on shares of Tyler Technologies and gave the company a “buy” rating in a research report on Thursday, July 27th. One analyst has rated the stock with a sell rating and six have given a buy rating to the company’s stock. Tyler Technologies has a consensus rating of “Buy” and an average price target of $187.17.
In other Tyler Technologies news, CEO John S. Marr, Jr. sold 5,000 shares of the stock in a transaction on Monday, May 22nd. The stock was sold at an average price of $170.07, for a total transaction of $850,350.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Brian K. Miller sold 1,240 shares of the stock in a transaction on Monday, June 5th. The stock was sold at an average price of $174.50, for a total value of $216,380.00. Following the transaction, the vice president now owns 47,989 shares in the company, valued at approximately $8,374,080.50. The disclosure for this sale can be found here. Insiders have sold a total of 228,753 shares of company stock worth $39,149,919 in the last quarter. Company insiders own 10.30% of the company’s stock.
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.
Want to see what other hedge funds are holding TYL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Tyler Technologies, Inc. (NYSE:TYL).
What are top analysts saying about Tyler Technologies Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Tyler Technologies Inc. and related companies.