American Century Companies Inc. Grows Holdings in Tyler Technologies, Inc. (NYSE:TYL)

American Century Companies Inc. grew its stake in Tyler Technologies, Inc. (NYSE:TYL) by 35.9% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 991 shares of the technology company’s stock after acquiring an additional 262 shares during the period. American Century Companies Inc.’s holdings in Tyler Technologies were worth $448,000 as of its most recent filing with the SEC.

Several other institutional investors also recently added to or reduced their stakes in TYL. Dimensional Fund Advisors LP raised its stake in shares of Tyler Technologies by 2.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 111,143 shares of the technology company’s stock valued at $48,512,000 after acquiring an additional 3,070 shares during the period. Commonwealth Equity Services LLC raised its stake in shares of Tyler Technologies by 1.8% in the 1st quarter. Commonwealth Equity Services LLC now owns 1,844 shares of the technology company’s stock valued at $782,000 after acquiring an additional 32 shares during the period. Standard Life Aberdeen plc raised its stake in shares of Tyler Technologies by 5.7% in the 1st quarter. Standard Life Aberdeen plc now owns 13,810 shares of the technology company’s stock valued at $5,862,000 after acquiring an additional 740 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its stake in Tyler Technologies by 10.6% during the 1st quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 14,455 shares of the technology company’s stock worth $6,137,000 after buying an additional 1,383 shares during the period. Finally, Bank of Nova Scotia increased its stake in Tyler Technologies by 7.0% during the 1st quarter. Bank of Nova Scotia now owns 8,717 shares of the technology company’s stock worth $3,700,000 after buying an additional 570 shares during the period. 90.66% of the stock is currently owned by institutional investors and hedge funds.

Shares of Tyler Technologies stock opened at $460.08 on Tuesday. The company has a fifty day simple moving average of $480.46 and a 200-day simple moving average of $445.58. Tyler Technologies, Inc. has a 12-month low of $324.67 and a 12-month high of $498.98. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.72. The stock has a market cap of $18.79 billion, a price-to-earnings ratio of 123.68 and a beta of 0.59.

Tyler Technologies (NYSE:TYL) last issued its quarterly earnings results on Wednesday, July 28th. The technology company reported $1.83 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.20 by $0.63. The firm had revenue of $405.36 million during the quarter, compared to analysts’ expectations of $370.85 million. Tyler Technologies had a net margin of 12.30% and a return on equity of 10.03%. On average, analysts forecast that Tyler Technologies, Inc. will post 4.92 earnings per share for the current fiscal year.

Several brokerages recently weighed in on TYL. Needham & Company LLC upped their target price on shares of Tyler Technologies from $480.00 to $575.00 and gave the stock a “buy” rating in a research note on Thursday, July 29th. Wolfe Research began coverage on shares of Tyler Technologies in a research report on Monday, September 13th. They issued an “outperform” rating and a $550.00 price objective on the stock. Zacks Investment Research raised shares of Tyler Technologies from a “sell” rating to a “strong-buy” rating and set a $479.00 price objective on the stock in a research report on Thursday, June 10th. TheStreet downgraded shares of Tyler Technologies from a “b-” rating to a “c” rating in a research report on Thursday, August 26th. Finally, BTIG Research raised shares of Tyler Technologies from a “neutral” rating to a “buy” rating and set a $585.00 price objective on the stock in a research report on Tuesday, August 31st. One analyst has rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $521.16.

In other news, President H Lynn Moore, Jr. sold 6,105 shares of the firm’s stock in a transaction on Monday, August 2nd. The shares were sold at an average price of $492.46, for a total value of $3,006,468.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Brian K. Miller sold 2,500 shares of the stock in a transaction dated Wednesday, September 8th. The shares were sold at an average price of $484.60, for a total transaction of $1,211,500.00. Following the completion of the transaction, the chief financial officer now owns 26,401 shares of the company’s stock, valued at approximately $12,793,924.60. The disclosure for this sale can be found here. In the last quarter, insiders have sold 20,729 shares of company stock valued at $10,036,591. 2.70% of the stock is owned by company insiders.

Tyler Technologies Company Profile

Tyler Technologies, Inc engages in the provision of integrated technology and management solutions and services for public sector with a focus on local governments. It operates through the following segments: Enterprise Software and Appraisal and Tax. The Enterprise Software segment provides municipal and county governments and schools with software systems to meet their information technology and automation needs for mission-critical back-office functions such as financial management, courts and justice processes.

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

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