Gamco Investors INC. ET AL cut its position in Tyler Technologies, Inc. (NYSE:TYL) by 0.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 117,730 shares of the company’s stock after selling 940 shares during the period. Gamco Investors INC. ET AL’s holdings in Tyler Technologies were worth $16,808,000 at the end of the most recent reporting period.
Several other large investors also recently added to or reduced their stakes in the company. TimesSquare Capital Management LLC boosted its stake in Tyler Technologies by 65.5% in the third quarter. TimesSquare Capital Management LLC now owns 574,935 shares of the company’s stock worth $98,446,000 after buying an additional 227,525 shares in the last quarter. Chartwell Investment Partners LLC boosted its stake in Tyler Technologies by 60.4% in the second quarter. Chartwell Investment Partners LLC now owns 452,365 shares of the company’s stock worth $75,414,000 after buying an additional 170,390 shares in the last quarter. WCM Investment Management CA bought a new stake in Tyler Technologies during the second quarter worth approximately $21,817,000. Columbus Circle Investors boosted its stake in Tyler Technologies by 168.9% in the second quarter. Columbus Circle Investors now owns 193,523 shares of the company’s stock worth $32,262,000 after buying an additional 121,542 shares in the last quarter. Finally, Brown Capital Management LLC boosted its stake in Tyler Technologies by 5.7% in the fourth quarter. Brown Capital Management LLC now owns 2,187,420 shares of the company’s stock worth $312,298,000 after buying an additional 117,424 shares in the last quarter. 86.37% of the stock is currently owned by hedge funds and other institutional investors.
Tyler Technologies, Inc. (NYSE:TYL) traded up 0.13% during midday trading on Friday, hitting $153.94. The company had a trading volume of 133,769 shares. Tyler Technologies, Inc. has a 52 week low of $118.16 and a 52 week high of $175.77. The stock has a 50 day moving average price of $149.34 and a 200-day moving average price of $157.62. The stock has a market capitalization of $5.64 billion, a PE ratio of 54.59 and a beta of 1.00.
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Tyler Technologies (NYSE:TYL) last issued its earnings results on Wednesday, February 8th. The company reported $0.90 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.88 by $0.02. The business earned $195.10 million during the quarter, compared to analyst estimates of $197.78 million. Tyler Technologies had a return on equity of 13.50% and a net margin of 11.83%. Tyler Technologies’s revenue was up 21.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.59 EPS. On average, equities analysts predict that Tyler Technologies, Inc. will post $3.88 EPS for the current year.
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TYL has been the topic of a number of recent research reports. Needham & Company LLC reissued a “buy” rating and issued a $185.00 target price on shares of Tyler Technologies in a research note on Thursday, December 15th. Maxim Group increased their target price on Tyler Technologies from $206.00 to $213.00 and gave the stock a “buy” rating in a research note on Tuesday, October 25th. B. Riley reissued a “buy” rating and issued a $174.00 target price on shares of Tyler Technologies in a research note on Saturday, October 29th. Finally, Pacific Crest reissued a “buy” rating on shares of Tyler Technologies in a research note on Sunday, October 30th. Two investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $177.83.
In other Tyler Technologies news, Director Dustin R. Womble sold 30,000 shares of Tyler Technologies stock in a transaction on Monday, December 12th. The stock was sold at an average price of $146.29, for a total transaction of $4,388,700.00. Following the completion of the sale, the director now directly owns 245,950 shares of the company’s stock, valued at approximately $35,980,025.50. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Brian K. Miller sold 6,000 shares of Tyler Technologies stock in a transaction on Tuesday, December 13th. The shares were sold at an average price of $146.43, for a total value of $878,580.00. Following the sale, the vice president now directly owns 53,775 shares of the company’s stock, valued at $7,874,273.25. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 251,239 shares of company stock valued at $37,835,861. 12.00% of the stock is currently owned by corporate insiders.
About Tyler Technologies
Tyler Technologies, Inc is a provider of information management solutions and services for the public sector, with a focus on local governments. The Company provides professional information technology (IT) services to its clients, including software and hardware installation, data conversion, training and product modifications.
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