ProShare Advisors LLC Buys 1,371 Shares of Tyler Technologies, Inc. (NYSE:TYL)

ProShare Advisors LLC increased its stake in Tyler Technologies, Inc. (NYSE:TYL) by 12.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,051 shares of the technology company’s stock after buying an additional 1,371 shares during the period. ProShare Advisors LLC’s holdings in Tyler Technologies were worth $4,274,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of TYL. American Century Companies Inc. raised its stake in Tyler Technologies by 13.1% in the first quarter. American Century Companies Inc. now owns 1,328 shares of the technology company’s stock worth $591,000 after buying an additional 154 shares in the last quarter. Panagora Asset Management Inc. raised its stake in Tyler Technologies by 69.1% in the first quarter. Panagora Asset Management Inc. now owns 2,431 shares of the technology company’s stock worth $1,082,000 after buying an additional 993 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in Tyler Technologies by 6.6% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 5,483 shares of the technology company’s stock worth $2,439,000 after buying an additional 340 shares in the last quarter. Raymond James Trust N.A. raised its stake in Tyler Technologies by 4.3% in the first quarter. Raymond James Trust N.A. now owns 1,047 shares of the technology company’s stock worth $466,000 after buying an additional 43 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in shares of Tyler Technologies by 0.8% during the first quarter. Dimensional Fund Advisors LP now owns 118,419 shares of the technology company’s stock valued at $52,683,000 after purchasing an additional 934 shares in the last quarter. 91.28% of the stock is owned by institutional investors.

Tyler Technologies Trading Up 3.9 %

Shares of TYL stock opened at $390.16 on Tuesday. Tyler Technologies, Inc. has a 12-month low of $281.11 and a 12-month high of $426.83. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.30. The firm’s 50 day moving average is $391.80 and its 200 day moving average is $380.00. The stock has a market capitalization of $16.42 billion, a P/E ratio of 100.82 and a beta of 0.81.

Tyler Technologies (NYSE:TYL) last issued its earnings results on Wednesday, July 26th. The technology company reported $1.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.36 by $0.17. Tyler Technologies had a net margin of 8.64% and a return on equity of 8.94%. The company had revenue of $504.28 million for the quarter, compared to analysts’ expectations of $490.65 million. Research analysts expect that Tyler Technologies, Inc. will post 5.67 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Dustin R. Womble sold 2,111 shares of the firm’s stock in a transaction that occurred on Wednesday, August 30th. The shares were sold at an average price of $396.87, for a total value of $837,792.57. Following the sale, the director now owns 12,805 shares in the company, valued at $5,081,920.35. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Tyler Technologies news, CEO H Lynn Moore, Jr. sold 5,000 shares of the stock in a transaction that occurred on Friday, September 1st. The shares were sold at an average price of $396.59, for a total value of $1,982,950.00. Following the transaction, the chief executive officer now directly owns 80,000 shares in the company, valued at $31,727,200. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Dustin R. Womble sold 2,111 shares of the stock in a transaction that occurred on Wednesday, August 30th. The stock was sold at an average price of $396.87, for a total transaction of $837,792.57. Following the completion of the transaction, the director now owns 12,805 shares in the company, valued at $5,081,920.35. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 7,611 shares of company stock worth $3,010,403. 2.20% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. JPMorgan Chase & Co. assumed coverage on shares of Tyler Technologies in a research note on Wednesday, June 21st. They set an “overweight” rating and a $472.00 target price for the company. Needham & Company LLC reaffirmed a “buy” rating and set a $475.00 target price on shares of Tyler Technologies in a research note on Thursday, July 27th. Robert W. Baird raised their target price on shares of Tyler Technologies from $470.00 to $475.00 in a research note on Friday, July 28th. DA Davidson raised their target price on shares of Tyler Technologies from $395.00 to $412.00 in a research note on Wednesday, July 19th. Finally, StockNews.com assumed coverage on shares of Tyler Technologies in a research note on Thursday, August 17th. They set a “hold” rating for the company. Four investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $440.29.

Tyler Technologies Company Profile

Tyler Technologies, Inc provides integrated information management solutions and services for the public sector. It operates in two segments, Enterprise Software, and Platform Technologies. The company offers financial management solutions, including modular fund accounting systems for government agencies or not-for-profit entities; utility billing systems for the billing and collection of metered and non-metered services; products to automate city and county functions, such as municipal courts, parking tickets, equipment and project costing, animal and business licenses, permits and inspections, code enforcement, citizen complaint tracking, ambulance billing, fleet maintenance, and cemetery records management; student information and transportation solutions for K-12 schools; and financial management systems.