Personal Capital Advisors Corp Purchases 7,205 Shares of Tyler Technologies, Inc. (TYL)

Personal Capital Advisors Corp lifted its position in shares of Tyler Technologies, Inc. (NYSE:TYL) by 6.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 116,176 shares of the technology company’s stock after acquiring an additional 7,205 shares during the quarter. Personal Capital Advisors Corp owned approximately 0.31% of Tyler Technologies worth $20,569,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Zions Bancorporation bought a new stake in shares of Tyler Technologies during the third quarter worth $156,000. CIBC Asset Management Inc acquired a new stake in shares of Tyler Technologies during the third quarter worth $218,000. D.A. Davidson & CO. grew its stake in shares of Tyler Technologies by 13.3% during the second quarter. D.A. Davidson & CO. now owns 1,391 shares of the technology company’s stock worth $244,000 after purchasing an additional 163 shares during the period. Bell Bank acquired a new stake in shares of Tyler Technologies during the third quarter worth $254,000. Finally, Gofen & Glossberg LLC IL acquired a new stake in shares of Tyler Technologies during the second quarter worth $256,000. Institutional investors own 91.76% of the company’s stock.

In other news, Director Larry D. Leinweber sold 64,612 shares of the stock in a transaction that occurred on Friday, December 15th. The shares were sold at an average price of $180.85, for a total transaction of $11,685,080.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Dustin R. Womble sold 8,100 shares of the stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of $172.15, for a total transaction of $1,394,415.00. The disclosure for this sale can be found here. Insiders have sold 352,207 shares of company stock valued at $63,349,769 in the last ninety days. Insiders own 10.30% of the company’s stock.

Shares of Tyler Technologies, Inc. (NYSE:TYL) opened at $194.10 on Friday. Tyler Technologies, Inc. has a 52 week low of $143.38 and a 52 week high of $194.66. The company has a market capitalization of $7,290.00, a price-to-earnings ratio of 49.90 and a beta of 0.98.

Tyler Technologies (NYSE:TYL) last announced its earnings results on Wednesday, October 25th. The technology company reported $1.05 earnings per share for the quarter, beating the Zacks’ 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 business had revenue of $214.15 million during the quarter, compared to the consensus estimate of $216.80 million. During the same quarter last year, the firm earned $0.94 earnings per share. The business’s revenue for the quarter was up 10.1% on a year-over-year basis. equities research analysts predict that Tyler Technologies, Inc. will post 3.28 EPS for the current fiscal year.

A number of equities research analysts recently commented on the company. Piper Jaffray Companies reaffirmed an “overweight” rating and set a $220.00 price objective on shares of Tyler Technologies in a research note on Tuesday. Zacks Investment Research cut Tyler Technologies from a “hold” rating to a “sell” rating in a research note on Wednesday, December 27th. B. Riley cut Tyler Technologies from a “buy” rating to a “neutral” rating and set a $184.00 price objective for the company. in a research note on Friday, October 27th. Maxim Group set a $197.00 price objective on Tyler Technologies and gave the stock a “buy” rating in a research note on Thursday, October 26th. Finally, Needham & Company LLC reaffirmed a “buy” rating on shares of Tyler Technologies in a research note on Tuesday, October 24th. One research analyst has rated the stock with a sell rating, one has given a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. Tyler Technologies has an average rating of “Buy” and an average target price of $195.50.

COPYRIGHT VIOLATION WARNING: This piece of content was originally posted by StockNewsTimes and is the property of of StockNewsTimes. If you are viewing this piece of content on another website, it was stolen and republished in violation of international copyright and trademark laws. The correct version of this piece of content can be read at https://stocknewstimes.com/2018/01/20/personal-capital-advisors-corp-purchases-7205-shares-of-tyler-technologies-inc-tyl.html.

Tyler Technologies 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.

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

Receive News & Ratings for Tyler Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tyler Technologies and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply