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.
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.
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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.
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