Tyler Technologies, Inc. (TYL) Shares Bought by Ameriprise Financial Inc.

Ameriprise Financial Inc. increased its stake in shares of Tyler Technologies, Inc. (NYSE:TYL) by 59.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 217,718 shares of the technology company’s stock after acquiring an additional 80,992 shares during the quarter. Ameriprise Financial Inc. owned approximately 0.58% of Tyler Technologies worth $37,952,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of TYL. Dimensional Fund Advisors LP boosted its stake in Tyler Technologies by 2.0% during the first quarter. Dimensional Fund Advisors LP now owns 130,988 shares of the technology company’s stock worth $20,245,000 after acquiring an additional 2,595 shares in the last quarter. Aperio Group LLC boosted its stake in Tyler Technologies by 3.9% during the second quarter. Aperio Group LLC now owns 8,795 shares of the technology company’s stock worth $1,545,000 after acquiring an additional 327 shares in the last quarter. Russell Investments Group Ltd. boosted its stake in Tyler Technologies by 5.5% during the second quarter. Russell Investments Group Ltd. now owns 78,999 shares of the technology company’s stock worth $13,878,000 after acquiring an additional 4,140 shares in the last quarter. Great West Life Assurance Co. Can boosted its stake in Tyler Technologies by 0.8% during the second quarter. Great West Life Assurance Co. Can now owns 20,255 shares of the technology company’s stock worth $3,557,000 after acquiring an additional 157 shares in the last quarter. Finally, World Asset Management Inc boosted its stake in Tyler Technologies by 5.1% during the second quarter. World Asset Management Inc now owns 2,475 shares of the technology company’s stock worth $435,000 after acquiring an additional 119 shares in the last quarter. 93.36% of the stock is currently owned by institutional investors and hedge funds.

Several brokerages recently issued reports on TYL. B. Riley reissued a “neutral” rating and set a $184.00 target price on shares of Tyler Technologies in a research note on Thursday, October 26th. Zacks Investment Research upgraded shares of Tyler Technologies from a “hold” rating to a “buy” rating and set a $198.00 price objective on the stock in a report on Wednesday, November 1st. KeyCorp restated a “buy” rating and set a $180.00 price objective on shares of Tyler Technologies in a report on Friday, October 6th. Citigroup initiated coverage on shares of Tyler Technologies in a report on Friday, September 22nd. They set a “buy” rating and a $200.00 price objective on the stock. Finally, Maxim Group set a $197.00 price objective on shares of Tyler Technologies and gave the stock a “buy” rating in a report on Thursday, October 26th. Two analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $193.00.

Tyler Technologies, Inc. (NYSE TYL) traded down $1.13 on Friday, reaching $181.79. 350,740 shares of the company’s stock traded hands, compared to its average volume of 151,492. Tyler Technologies, Inc. has a 1 year low of $139.61 and a 1 year high of $183.98. The firm has a market capitalization of $6,829.49, a P/E ratio of 55.76 and a beta of 0.98.

Tyler Technologies (NYSE:TYL) last released its quarterly earnings data on Wednesday, October 25th. The technology company reported $1.05 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.02 by $0.03. Tyler Technologies had a net margin of 16.34% and a return on equity of 12.81%. The firm had revenue of $214.15 million for the quarter, compared to the consensus estimate of $216.80 million. During the same quarter in the prior year, the company posted $0.94 earnings per share. The business’s revenue was up 10.1% on a year-over-year basis. analysts forecast that Tyler Technologies, Inc. will post 3.28 earnings per share for the current year.

In other news, VP Brian K. Miller sold 5,000 shares of the stock in a transaction dated Tuesday, September 12th. The shares were sold at an average price of $171.63, for a total value of $858,150.00. Following the completion of the sale, the vice president now owns 53,194 shares in the company, valued at $9,129,686.22. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Larry D. Leinweber sold 36,000 shares of the stock in a transaction dated Tuesday, September 5th. The shares were sold at an average price of $171.23, for a total transaction of $6,164,280.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 189,532 shares of company stock valued at $32,928,606. 10.30% of the stock is currently owned by corporate insiders.

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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.

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

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