Peregrine Capital Management LLC maintained its stake in Tyler Technologies, Inc. (NYSE:TYL) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 59,260 shares of the technology company’s stock at the end of the second quarter. Peregrine Capital Management LLC owned 0.16% of Tyler Technologies worth $10,410,000 as of its most recent SEC filing.
Several other large investors also recently added to or reduced their stakes in TYL. Aperio Group LLC boosted its stake in Tyler Technologies by 3.9% in the second quarter. Aperio Group LLC now owns 8,795 shares of the technology company’s stock worth $1,545,000 after buying an additional 327 shares during the period. Louisiana State Employees Retirement System boosted its position in Tyler Technologies by 3.5% in the second quarter. Louisiana State Employees Retirement System now owns 8,800 shares of the technology company’s stock valued at $1,546,000 after buying an additional 300 shares during the last quarter. LS Investment Advisors LLC boosted its position in Tyler Technologies by 18.6% in the second quarter. LS Investment Advisors LLC now owns 2,895 shares of the technology company’s stock valued at $509,000 after buying an additional 453 shares during the last quarter. Oregon Public Employees Retirement Fund boosted its position in Tyler Technologies by 4.4% in the second quarter. Oregon Public Employees Retirement Fund now owns 12,332 shares of the technology company’s stock valued at $2,166,000 after buying an additional 521 shares during the last quarter. Finally, Pennsylvania Trust Co boosted its position in Tyler Technologies by 1,956.7% in the second quarter. Pennsylvania Trust Co now owns 31,859 shares of the technology company’s stock valued at $5,597,000 after buying an additional 30,310 shares during the last quarter. 90.01% of the stock is owned by institutional investors.
Shares of Tyler Technologies, Inc. (TYL) traded down 1.37% during midday trading on Thursday, reaching $169.96. The company’s stock had a trading volume of 220,940 shares. The company has a market capitalization of $6.34 billion, a P/E ratio of 50.92 and a beta of 0.95. The company’s 50-day moving average price is $173.01 and its 200 day moving average price is $163.71. Tyler Technologies, Inc. has a 12-month low of $139.61 and a 12-month high of $182.49.
Tyler Technologies (NYSE:TYL) last posted its quarterly earnings results on Wednesday, July 26th. The technology company reported $0.91 EPS for the quarter, missing the Zacks’ consensus estimate of $0.94 by $0.03. The business had revenue of $209.12 million for the quarter, compared to the consensus estimate of $210.67 million. Tyler Technologies had a net margin of 14.73% and a return on equity of 13.02%. Tyler Technologies’s revenue was up 10.7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.86 earnings per share. On average, equities research analysts forecast that Tyler Technologies, Inc. will post $3.87 earnings per share for the current year.
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TYL has been the topic of several recent research reports. Maxim Group reiterated a “buy” rating and set a $197.00 price objective on shares of Tyler Technologies in a research report on Thursday, April 27th. B. Riley restated a “buy” rating and issued a $184.00 price target on shares of Tyler Technologies in a research report on Friday, April 28th. 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. Finally, BidaskClub lowered Tyler Technologies from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 31st. One analyst has rated the stock with a sell rating and six have issued a buy rating to the stock. Tyler Technologies presently has a consensus rating of “Buy” and a consensus target price of $187.17.
In other news, CFO Brian K. Miller sold 13,000 shares of Tyler Technologies stock in a transaction dated Monday, May 22nd. The stock was sold at an average price of $169.43, for a total value of $2,202,590.00. Following the sale, the chief financial officer now directly owns 55,044 shares of the company’s stock, valued at $9,326,104.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Brian K. Miller sold 1,240 shares of Tyler Technologies stock in a transaction dated Monday, June 5th. The stock was sold at an average price of $174.50, for a total value of $216,380.00. Following the completion of the sale, the vice president now directly owns 47,989 shares in the company, valued at $8,374,080.50. The disclosure for this sale can be found here. Insiders sold 228,753 shares of company stock worth $39,149,919 over the last ninety days. 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.
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