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

Personal Capital Advisors Corp grew its stake in shares of Tyler Technologies, Inc. (NYSE:TYL) by 6.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor 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 about 0.31% of Tyler Technologies worth $20,569,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of TYL. Cubist Systematic Strategies LLC purchased a new stake in Tyler Technologies in the third quarter valued at approximately $444,000. Parametric Portfolio Associates LLC boosted its position in Tyler Technologies by 6.4% in the 3rd quarter. Parametric Portfolio Associates LLC now owns 76,513 shares of the technology company’s stock worth $13,338,000 after purchasing an additional 4,600 shares in the last quarter. Shelton Capital Management purchased a new stake in Tyler Technologies in the 2nd quarter worth approximately $460,000. BlackRock Inc. boosted its position in Tyler Technologies by 2.0% in the 2nd quarter. BlackRock Inc. now owns 2,793,116 shares of the technology company’s stock worth $490,668,000 after purchasing an additional 55,453 shares in the last quarter. Finally, Atlantic Trust Group LLC purchased a new stake in Tyler Technologies in the 3rd quarter worth approximately $76,095,000. Hedge funds and other institutional investors own 92.38% of the company’s stock.

In related news, VP Brian K. Miller sold 5,000 shares of the stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $176.86, for a total value of $884,300.00. Following the completion of the transaction, the vice president now directly owns 55,694 shares of the company’s stock, valued at approximately $9,850,040.84. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Dustin R. Womble sold 8,100 shares of the stock in a transaction on Thursday, November 16th. The shares were sold at an average price of $172.15, for a total value of $1,394,415.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 284,707 shares of company stock valued at $51,517,784. 10.30% of the stock is owned by corporate insiders.

Several equities research analysts have commented on TYL shares. Needham & Company LLC restated a “buy” rating on shares of Tyler Technologies in a research report on Tuesday, October 24th. Zacks Investment Research lowered Tyler Technologies from a “hold” rating to a “sell” rating in a research report on Wednesday, December 27th. Piper Jaffray Companies reiterated a “buy” rating and set a $200.00 target price on shares of Tyler Technologies in a research report on Friday, October 27th. B. Riley lowered Tyler Technologies from a “buy” rating to a “neutral” rating and set a $184.00 target price on the stock. in a research report on Friday, October 27th. Finally, Maxim Group set a $197.00 target price on Tyler Technologies and gave the company a “buy” rating in a research report on Thursday, October 26th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. Tyler Technologies has a consensus rating of “Buy” and an average price target of $197.00.

Tyler Technologies, Inc. (NYSE:TYL) traded up $5.59 during midday trading on Friday, reaching $193.00. The company had a trading volume of 660,925 shares, compared to its average volume of 158,271. Tyler Technologies, Inc. has a 1 year low of $147.30 and a 1 year high of $204.62. The firm has a market cap of $7,250.62, a P/E ratio of 56.60 and a beta of 1.00.

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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.

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

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