Tyler Technologies, Inc. (NYSE:TYL) Stake Raised by Morgan Stanley

Morgan Stanley raised its stake in Tyler Technologies, Inc. (NYSE:TYL) by 24.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 71,848 shares of the technology company’s stock after buying an additional 14,119 shares during the period. Morgan Stanley owned 0.19% of Tyler Technologies worth $11,105,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Granite Investment Partners LLC acquired a new stake in shares of Tyler Technologies during the first quarter valued at approximately $2,884,000. Sei Investments Co. increased its stake in shares of Tyler Technologies by 19.7% in the first quarter. Sei Investments Co. now owns 71,165 shares of the technology company’s stock valued at $10,999,000 after buying an additional 11,708 shares during the last quarter. Stifel Financial Corp increased its stake in shares of Tyler Technologies by 10.9% in the first quarter. Stifel Financial Corp now owns 7,158 shares of the technology company’s stock valued at $1,106,000 after buying an additional 701 shares during the last quarter. Cambridge Investment Research Advisors Inc. increased its stake in shares of Tyler Technologies by 2.2% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 3,180 shares of the technology company’s stock valued at $492,000 after buying an additional 67 shares during the last quarter. Finally, Capstone Asset Management Co. increased its stake in shares of Tyler Technologies by 5.9% in the first quarter. Capstone Asset Management Co. now owns 3,240 shares of the technology company’s stock valued at $501,000 after buying an additional 180 shares during the last quarter. 90.31% of the stock is currently owned by institutional investors and hedge funds.

Tyler Technologies, Inc. (NYSE:TYL) traded down 0.345% during trading on Friday, reaching $169.065. The company’s stock had a trading volume of 884 shares. The stock’s 50-day moving average is $173.84 and its 200 day moving average is $162.19. Tyler Technologies, Inc. has a 12 month low of $139.61 and a 12 month high of $182.49. The company has a market cap of $6.31 billion, a P/E ratio of 50.649 and a beta of 0.95.

Tyler Technologies (NYSE:TYL) last announced 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. Tyler Technologies had a net margin of 14.73% and a return on equity of 13.02%. The company had revenue of $209.12 million for the quarter, compared to analyst estimates of $210.67 million. During the same quarter in the prior year, the company posted $0.86 EPS. Tyler Technologies’s revenue for the quarter was up 10.7% on a year-over-year basis. On average, equities analysts forecast that Tyler Technologies, Inc. will post $3.86 EPS for the current fiscal year.

TYL has been the topic of several research analyst reports. Zacks Investment Research raised Tyler Technologies from a “hold” rating to a “strong-buy” rating and set a $201.00 price objective on the stock in a research note on Thursday, June 29th. Maxim Group set a $197.00 price objective on Tyler Technologies and gave the stock a “buy” rating in a research note on Monday, July 17th. BidaskClub downgraded Tyler Technologies from a “strong-buy” rating to a “buy” rating in a research note on Monday. Finally, B. Riley reiterated a “buy” rating and set a $184.00 target price on shares of Tyler Technologies in a report on Friday, July 28th. One investment analyst has rated the stock with a sell rating and six have given a buy rating to the company. Tyler Technologies currently has an average rating of “Buy” and a consensus price target of $187.17.

In other news, VP Brian K. Miller sold 1,240 shares of the business’s stock in a transaction dated Monday, June 5th. The shares were sold at an average price of $174.50, for a total transaction of $216,380.00. Following the completion of the sale, the vice president now directly owns 47,989 shares of the company’s stock, valued at $8,374,080.50. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO John S. Marr, Jr. sold 23,960 shares of the business’s stock in a transaction dated Wednesday, May 17th. The stock was sold at an average price of $167.69, for a total transaction of $4,017,852.40. Following the sale, the chief executive officer now directly owns 355,437 shares of the company’s stock, valued at $59,603,230.53. The disclosure for this sale can be found here. Insiders have sold 391,147 shares of company stock worth $65,917,270 in the last quarter. Company insiders own 10.30% of the company’s stock.

Tyler Technologies Company Profile

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.