Riverbridge Partners LLC Has $59.37 Million Position in Tyler Technologies, Inc. (TYL)

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Riverbridge Partners LLC cut its stake in shares of Tyler Technologies, Inc. (NYSE:TYL) by 7.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 319,525 shares of the technology company’s stock after selling 27,386 shares during the period. Tyler Technologies makes up approximately 1.2% of Riverbridge Partners LLC’s investment portfolio, making the stock its 28th largest holding. Riverbridge Partners LLC owned about 0.82% of Tyler Technologies worth $59,374,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in TYL. Morgan Stanley lifted its holdings in shares of Tyler Technologies by 949.5% in the second quarter. Morgan Stanley now owns 940,517 shares of the technology company’s stock valued at $208,889,000 after purchasing an additional 850,905 shares in the last quarter. BlackRock Inc. lifted its holdings in shares of Tyler Technologies by 6.8% in the third quarter. BlackRock Inc. now owns 3,412,924 shares of the technology company’s stock valued at $836,373,000 after purchasing an additional 217,184 shares in the last quarter. Creative Planning lifted its holdings in shares of Tyler Technologies by 4,621.9% in the third quarter. Creative Planning now owns 143,923 shares of the technology company’s stock valued at $35,270,000 after purchasing an additional 140,875 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of Tyler Technologies by 3.3% in the third quarter. Vanguard Group Inc. now owns 3,326,669 shares of the technology company’s stock valued at $815,233,000 after purchasing an additional 106,568 shares in the last quarter. Finally, Vanguard Group Inc lifted its holdings in shares of Tyler Technologies by 3.3% in the third quarter. Vanguard Group Inc now owns 3,326,669 shares of the technology company’s stock valued at $815,233,000 after purchasing an additional 106,568 shares in the last quarter. 91.05% of the stock is owned by institutional investors and hedge funds.

In other Tyler Technologies news, Director Luther King, Jr. sold 275 shares of the company’s stock in a transaction that occurred on Thursday, November 1st. The stock was sold at an average price of $193.29, for a total value of $53,154.75. Following the sale, the director now owns 72,864 shares in the company, valued at $14,083,882.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Dustin R. Womble sold 20,000 shares of the company’s stock in a transaction that occurred on Thursday, November 29th. The shares were sold at an average price of $190.66, for a total value of $3,813,200.00. Following the completion of the transaction, the director now directly owns 198,122 shares in the company, valued at approximately $37,773,940.52. The disclosure for this sale can be found here. Insiders sold 27,775 shares of company stock worth $5,263,305 in the last 90 days. Corporate insiders own 4.70% of the company’s stock.

TYL traded down $0.40 on Monday, hitting $183.56. 5,229 shares of the company were exchanged, compared to its average volume of 251,813. Tyler Technologies, Inc. has a 12 month low of $173.26 and a 12 month high of $252.47. The firm has a market capitalization of $7.20 billion, a PE ratio of 57.30, a PEG ratio of 4.08 and a beta of 0.83.

Tyler Technologies (NYSE:TYL) last released its earnings results on Wednesday, October 31st. The technology company reported $1.23 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.23. The business had revenue of $236.10 million for the quarter, compared to analyst estimates of $240.98 million. Tyler Technologies had a return on equity of 11.19% and a net margin of 19.47%. Tyler Technologies’s revenue was up 10.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.05 earnings per share. On average, equities research analysts anticipate that Tyler Technologies, Inc. will post 3.79 earnings per share for the current year.

A number of analysts have recently commented on the company. ValuEngine lowered Tyler Technologies from a “buy” rating to a “hold” rating in a report on Friday. DA Davidson upgraded Tyler Technologies from a “neutral” rating to a “buy” rating in a report on Friday, December 21st. Zacks Investment Research upgraded Tyler Technologies from a “sell” rating to a “hold” rating in a report on Friday, December 7th. TheStreet lowered Tyler Technologies from a “b” rating to a “c+” rating in a report on Thursday, November 1st. Finally, Robert W. Baird cut their price target on Tyler Technologies from $260.00 to $250.00 and set an “outperform” rating on the stock in a report on Friday, November 2nd. Five equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Tyler Technologies presently has an average rating of “Buy” and an average target price of $233.36.

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Tyler Technologies Company Profile

Tyler Technologies, Inc provides integrated information management solutions and services for the public sector in the United States and internationally. It operates through two segments, Enterprise Software, and Appraisal and Tax. The company's financial management solutions include modular fund accounting systems for government agencies or not-for-profit entities; and utility billing systems for the billing and collection of metered and non-metered services.

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

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