Morgan Stanley increased its position in shares of Tyler Technologies, Inc. (NYSE:TYL) by 24.5% during the first quarter, according to its most recent filing with the SEC. The firm owned 71,848 shares of the technology company’s stock after buying an additional 14,119 shares during the period. Morgan Stanley owned 0.19% of Tyler Technologies worth $11,105,000 as of its most recent SEC filing.
A number of other large investors also recently bought and sold shares of TYL. Assetmark Inc. raised its position in shares of Tyler Technologies by 15.1% in the first quarter. Assetmark Inc. now owns 761 shares of the technology company’s stock worth $118,000 after buying an additional 100 shares during the period. New England Research & Management Inc. acquired a new position in shares of Tyler Technologies during the first quarter worth approximately $201,000. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Tyler Technologies by 32.3% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,298 shares of the technology company’s stock worth $201,000 after buying an additional 317 shares during the period. Pennsylvania Trust Co acquired a new position in shares of Tyler Technologies during the first quarter worth approximately $239,000. Finally, Dynamic Technology Lab Private Ltd acquired a new position in shares of Tyler Technologies during the first quarter worth approximately $242,000. Institutional investors own 90.01% of the company’s stock.
Tyler Technologies, Inc. (NYSE:TYL) traded down 0.12% on Friday, reaching $169.76. The company had a trading volume of 96,916 shares. The company has a market capitalization of $6.33 billion, a price-to-earnings ratio of 50.86 and a beta of 0.95. Tyler Technologies, Inc. has a 12 month low of $139.61 and a 12 month high of $182.49. The company’s 50 day moving average price is $172.80 and its 200-day moving average price is $163.87.
Tyler Technologies (NYSE:TYL) last released its earnings results on Wednesday, July 26th. The technology company reported $0.91 earnings per share for the quarter, missing analysts’ consensus estimates of $0.94 by $0.03. The firm had revenue of $209.12 million for the quarter, compared to the consensus estimate of $210.67 million. Tyler Technologies had a return on equity of 13.02% and a net margin of 14.73%. The company’s revenue was up 10.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.86 EPS. On average, equities analysts predict that Tyler Technologies, Inc. will post $3.87 earnings per share for the current fiscal year.
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TYL has been the topic of a number of research analyst reports. Zacks Investment Research lowered Tyler Technologies from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 13th. Maxim Group reissued a “buy” rating and set a $197.00 price target on shares of Tyler Technologies in a report on Thursday, April 27th. BidaskClub lowered Tyler Technologies from a “strong-buy” rating to a “buy” rating in a report on Monday, July 31st. Finally, B. Riley reissued a “buy” rating and set a $184.00 price target on shares of Tyler Technologies in a report on Sunday, May 14th. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $187.17.
In other news, VP Brian K. Miller sold 1,848 shares of the business’s stock in a transaction on Wednesday, August 16th. The stock was sold at an average price of $172.58, for a total transaction of $318,927.84. Following the completion of the sale, the vice president now owns 52,657 shares in the company, valued at $9,087,545.06. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Larry D. Leinweber sold 36,000 shares of the company’s stock in a transaction dated Thursday, June 1st. The shares were sold at an average price of $170.54, for a total value of $6,139,440.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 228,753 shares of company stock valued at $39,149,919. 10.30% 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 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.
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