Tyler Technologies, Inc. (TYL) Holdings Trimmed by DF Dent & Co. Inc.

DF Dent & Co. Inc. reduced its stake in shares of Tyler Technologies, Inc. (NYSE:TYL) by 1.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 602,119 shares of the technology company’s stock after selling 10,167 shares during the quarter. Tyler Technologies accounts for approximately 2.8% of DF Dent & Co. Inc.’s portfolio, making the stock its 12th largest holding. DF Dent & Co. Inc. owned 1.61% of Tyler Technologies worth $105,774,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Bank of Nova Scotia acquired a new position in Tyler Technologies during the second quarter worth about $1,163,000. The Manufacturers Life Insurance Company grew its position in Tyler Technologies by 2.4% during the second quarter. The Manufacturers Life Insurance Company now owns 49,675 shares of the technology company’s stock worth $8,726,000 after buying an additional 1,185 shares during the period. BlueCrest Capital Management Ltd acquired a new position in Tyler Technologies during the second quarter worth about $598,000. State Street Corp grew its position in Tyler Technologies by 2.6% during the second quarter. State Street Corp now owns 883,996 shares of the technology company’s stock worth $155,293,000 after buying an additional 22,323 shares during the period. Finally, Janus Henderson Group PLC grew its position in Tyler Technologies by 327.0% during the second quarter. Janus Henderson Group PLC now owns 1,865,432 shares of the technology company’s stock worth $327,700,000 after buying an additional 1,428,513 shares during the period. Institutional investors own 90.51% of the company’s stock.

Tyler Technologies, Inc. (NYSE:TYL) traded down 0.99% during mid-day trading on Tuesday, hitting $176.48. 29,332 shares of the stock traded hands. Tyler Technologies, Inc. has a 12-month low of $139.61 and a 12-month high of $182.49. The stock has a 50 day moving average price of $171.76 and a 200 day moving average price of $168.69. The firm has a market cap of $6.58 billion, a PE ratio of 52.87 and a beta of 0.93.

Tyler Technologies (NYSE:TYL) last released its earnings results 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 during the quarter, compared to analysts’ expectations of $210.67 million. Tyler Technologies had a return on equity of 13.02% and a net margin of 14.73%. The business’s revenue was up 10.7% on a year-over-year basis. During the same period last year, the business earned $0.86 earnings per share. On average, analysts expect that Tyler Technologies, Inc. will post $3.86 earnings per share for the current fiscal year.

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In other news, VP Brian K. Miller sold 4,500 shares of Tyler Technologies stock in a transaction that occurred on Thursday, August 31st. The shares were sold at an average price of $172.89, for a total value of $778,005.00. Following the transaction, the vice president now directly owns 55,194 shares of the company’s stock, valued at $9,542,490.66. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Brian K. Miller sold 1,848 shares of Tyler Technologies stock in a transaction that occurred on Wednesday, August 16th. The stock was sold at an average price of $172.58, for a total transaction of $318,927.84. Following the completion of the transaction, the vice president now directly owns 52,657 shares in the company, valued at $9,087,545.06. The disclosure for this sale can be found here. Over the last three months, insiders sold 243,357 shares of company stock worth $41,622,109. 10.30% of the stock is currently owned by insiders.

Several research analysts have weighed in on TYL shares. Northland Securities restated a “buy” rating and set a $200.00 target price on shares of Tyler Technologies in a research report on Thursday, September 21st. BidaskClub upgraded shares of Tyler Technologies from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, August 23rd. Zacks Investment Research upgraded shares of Tyler Technologies from a “sell” rating to a “hold” rating in a research report on Saturday, August 19th. Piper Jaffray Companies reiterated a “buy” rating and issued a $200.00 price target on shares of Tyler Technologies in a research report on Sunday, August 27th. 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 Monday, July 17th. One investment analyst has rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $192.29.

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.

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

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