Tyler Technologies, Inc. (TYL) Holdings Raised by Victory Capital Management Inc.

Victory Capital Management Inc. raised its position in Tyler Technologies, Inc. (NYSE:TYL) by 788.4% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 90,872 shares of the technology company’s stock after purchasing an additional 80,643 shares during the period. Victory Capital Management Inc. owned 0.24% of Tyler Technologies worth $15,841,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently made changes to their positions in TYL. Janus Henderson Group PLC increased its position in shares of Tyler Technologies by 327.0% in the 2nd quarter. Janus Henderson Group PLC now owns 1,865,432 shares of the technology company’s stock valued at $327,700,000 after purchasing an additional 1,428,513 shares during the last quarter. Koch Industries Inc. increased its position in shares of Tyler Technologies by 18,128.1% in the 2nd quarter. Koch Industries Inc. now owns 401,747 shares of the technology company’s stock valued at $399,000 after purchasing an additional 399,543 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of Tyler Technologies by 40.2% in the 2nd quarter. JPMorgan Chase & Co. now owns 1,027,797 shares of the technology company’s stock valued at $180,554,000 after purchasing an additional 294,817 shares during the last quarter. Franklin Resources Inc. increased its position in shares of Tyler Technologies by 71.8% in the 2nd quarter. Franklin Resources Inc. now owns 536,791 shares of the technology company’s stock valued at $94,299,000 after purchasing an additional 224,410 shares during the last quarter. Finally, Vanguard Group Inc. increased its position in shares of Tyler Technologies by 5.7% in the 2nd quarter. Vanguard Group Inc. now owns 2,804,393 shares of the technology company’s stock valued at $492,648,000 after purchasing an additional 150,879 shares during the last quarter. 90.79% of the stock is currently owned by institutional investors.

A number of brokerages have commented on TYL. Zacks Investment Research raised shares of Tyler Technologies from a “hold” rating to a “buy” rating and set a $198.00 price objective on the stock in a research report on Wednesday, November 1st. B. Riley downgraded shares of Tyler Technologies from a “buy” rating to a “neutral” rating and set a $184.00 price objective on the stock. in a research report on Friday, October 27th. Piper Jaffray Companies reissued a “buy” rating and issued a $200.00 price objective on shares of Tyler Technologies in a research report on Friday, October 27th. Maxim Group set a $197.00 price objective on shares of Tyler Technologies and gave the company a “buy” rating in a research report on Thursday, October 26th. Finally, Needham & Company LLC reissued a “buy” rating on shares of Tyler Technologies in a research report on Tuesday, October 24th. One equities research analyst has rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $193.00.

In other Tyler Technologies news, VP Brian K. Miller sold 1,848 shares of the firm’s stock in a transaction on Wednesday, August 16th. The shares were sold at an average price of $172.58, for a total transaction of $318,927.84. Following the transaction, the vice president now directly owns 52,657 shares of the company’s stock, valued at approximately $9,087,545.06. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO John S. Marr, Jr. sold 24,627 shares of the firm’s stock in a transaction on Thursday, August 24th. The stock was sold at an average price of $170.23, for a total transaction of $4,192,254.21. Following the transaction, the chief executive officer now directly owns 339,457 shares in the company, valued at $57,785,765.11. The disclosure for this sale can be found here. Insiders have sold a total of 239,724 shares of company stock worth $41,272,357 over the last three months. 10.30% of the stock is currently owned by insiders.

TRADEMARK VIOLATION NOTICE: This story was reported by Markets Daily and is the sole property of of Markets Daily. If you are viewing this story on another publication, it was stolen and reposted in violation of U.S. & international copyright & trademark laws. The correct version of this story can be viewed at https://www.themarketsdaily.com/2017/11/13/tyler-technologies-inc-tyl-holdings-raised-by-victory-capital-management-inc.html.

Tyler Technologies, Inc. (NYSE TYL) opened at $170.67 on Monday. The company has a market cap of $6,411.75, a price-to-earnings ratio of 52.35 and a beta of 0.99. Tyler Technologies, Inc. has a 52-week low of $139.61 and a 52-week high of $183.98.

Tyler Technologies (NYSE:TYL) last posted its earnings results on Wednesday, October 25th. The technology company reported $1.05 EPS for the quarter, beating the Zacks’ consensus estimate of $1.02 by $0.03. The firm had revenue of $214.15 million for the quarter, compared to the consensus estimate of $216.80 million. Tyler Technologies had a net margin of 16.34% and a return on equity of 12.81%. The company’s revenue was up 10.1% on a year-over-year basis. During the same period last year, the firm posted $0.94 EPS. analysts predict that Tyler Technologies, Inc. will post 3.27 EPS for the current year.

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.

Want to see what other hedge funds are holding TYL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Tyler Technologies, Inc. (NYSE:TYL).

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

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

Latest News

Leave a Reply