Oregon Public Employees Retirement Fund boosted its holdings in shares of Tyler Technologies, Inc. (NYSE:TYL) by 4.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 12,941 shares of the technology company’s stock after acquiring an additional 609 shares during the period. Oregon Public Employees Retirement Fund’s holdings in Tyler Technologies were worth $2,256,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds have also bought and sold shares of the business. Vanguard Group Inc. lifted its holdings in Tyler Technologies by 5.7% during the second quarter. Vanguard Group Inc. now owns 2,804,393 shares of the technology company’s stock worth $492,648,000 after acquiring an additional 150,879 shares in the last quarter. BlackRock Inc. lifted its holdings in Tyler Technologies by 2.0% during the second quarter. BlackRock Inc. now owns 2,793,116 shares of the technology company’s stock worth $490,668,000 after acquiring an additional 55,453 shares in the last quarter. Janus Henderson Group PLC lifted its holdings in Tyler Technologies by 327.0% during the second quarter. Janus Henderson Group PLC now owns 1,865,432 shares of the technology company’s stock worth $327,700,000 after acquiring an additional 1,428,513 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in Tyler Technologies by 40.2% during the second quarter. JPMorgan Chase & Co. now owns 1,027,797 shares of the technology company’s stock worth $180,554,000 after acquiring an additional 294,817 shares in the last quarter. Finally, State Street Corp lifted its holdings in Tyler Technologies by 2.6% during the second quarter. State Street Corp now owns 883,996 shares of the technology company’s stock worth $155,293,000 after acquiring an additional 22,323 shares in the last quarter. Hedge funds and other institutional investors own 90.79% of the company’s stock.
In related news, Director Luther King, Jr. sold 1,500 shares of Tyler Technologies stock in a transaction dated Monday, October 30th. The stock was sold at an average price of $176.95, for a total value of $265,425.00. Following the sale, the director now owns 72,864 shares of the company’s stock, valued at $12,893,284.80. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, President H Lynn Moore, Jr. sold 6,000 shares of Tyler Technologies stock in a transaction dated Thursday, November 2nd. The shares were sold at an average price of $175.56, for a total value of $1,053,360.00. Following the completion of the sale, the president now directly owns 61,278 shares in the company, valued at approximately $10,757,965.68. The disclosure for this sale can be found here. In the last ninety days, insiders sold 239,724 shares of company stock worth $41,272,357. 10.30% of the stock is owned by company insiders.
Shares of Tyler Technologies, Inc. (TYL) opened at $170.67 on Monday. The stock has a market capitalization of $6,411.75, a PE ratio of 52.35 and a beta of 0.99. Tyler Technologies, Inc. has a 12-month low of $139.61 and a 12-month high of $183.98.
Tyler Technologies (NYSE:TYL) last released its earnings results on Wednesday, October 25th. The technology company reported $1.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.02 by $0.03. The business had revenue of $214.15 million for the quarter, compared to the consensus estimate of $216.80 million. Tyler Technologies had a return on equity of 12.81% and a net margin of 16.34%. Tyler Technologies’s quarterly revenue was up 10.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.94 earnings per share. equities research analysts predict that Tyler Technologies, Inc. will post 3.27 earnings per share for the current fiscal year.
A number of analysts have recently commented on the company. B. Riley restated a “buy” rating and issued a $184.00 price target on shares of Tyler Technologies in a report on Wednesday, August 2nd. BidaskClub lowered Tyler Technologies from a “strong-buy” rating to a “buy” rating in a report on Monday, July 31st. Northland Securities restated a “buy” rating and issued a $200.00 price target on shares of Tyler Technologies in a report on Thursday, September 21st. Needham & Company LLC restated a “buy” rating on shares of Tyler Technologies in a report on Tuesday, October 24th. Finally, Maxim Group set a $197.00 price target on Tyler Technologies and gave the company a “buy” rating in a report on Thursday, July 27th. One research analyst has rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. Tyler Technologies currently has a consensus rating of “Buy” and a consensus target price of $193.00.
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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