Rockefeller Financial Services Inc. acquired a new position in Tyler Technologies, Inc. (NYSE:TYL) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 17,009 shares of the technology company’s stock, valued at approximately $3,011,000.
Several other institutional investors have also recently modified their holdings of the company. State Street Corp lifted its stake in shares of Tyler Technologies by 2.6% in 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 last quarter. Bank of New York Mellon Corp lifted its stake in shares of Tyler Technologies by 7.8% in the third quarter. Bank of New York Mellon Corp now owns 456,309 shares of the technology company’s stock worth $79,545,000 after buying an additional 33,100 shares during the last quarter. Atlantic Trust Group LLC acquired a new stake in shares of Tyler Technologies in the third quarter worth $76,095,000. Wasatch Advisors Inc. lifted its stake in shares of Tyler Technologies by 6.2% in the second quarter. Wasatch Advisors Inc. now owns 424,479 shares of the technology company’s stock worth $74,568,000 after buying an additional 24,774 shares during the last quarter. Finally, Koch Industries Inc. lifted its stake in shares of Tyler Technologies by 18,128.1% in the second quarter. Koch Industries Inc. now owns 401,747 shares of the technology company’s stock worth $399,000 after buying an additional 399,543 shares during the last quarter. Institutional investors and hedge funds own 92.38% of the company’s stock.
Shares of Tyler Technologies, Inc. (TYL) opened at $196.53 on Monday. The stock has a market cap of $7,383.27, a price-to-earnings ratio of 60.28 and a beta of 1.00. Tyler Technologies, Inc. has a fifty-two week low of $143.38 and a fifty-two week high of $204.62.
Several equities analysts recently commented on TYL shares. Zacks Investment Research cut shares of Tyler Technologies from a “buy” rating to a “hold” rating in a research note on Saturday, December 2nd. B. Riley cut shares of Tyler Technologies from a “buy” rating to a “neutral” rating and set a $184.00 target price for the company. in a research note on Friday, October 27th. Maxim Group set a $197.00 target price on shares of Tyler Technologies and gave the company a “buy” rating in a research note on Thursday, October 26th. Piper Jaffray Companies reiterated an “overweight” rating and set a $220.00 target price on shares of Tyler Technologies in a research note on Tuesday, January 16th. Finally, Needham & Company LLC reissued a “buy” rating on shares of Tyler Technologies in a report on Tuesday, October 24th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, six have given a buy rating and one has given a strong buy rating to the company. Tyler Technologies currently has a consensus rating of “Buy” and an average price target of $195.50.
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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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