Natixis Invests $270,000 in Tyler Technologies, Inc. (TYL)

Natixis purchased a new position in shares of Tyler Technologies, Inc. (NYSE:TYL) in the second quarter, Holdings Channel reports. The fund purchased 1,217 shares of the technology company’s stock, valued at approximately $270,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. BlackRock Inc. grew its holdings in shares of Tyler Technologies by 5.8% during the second quarter. BlackRock Inc. now owns 3,195,740 shares of the technology company’s stock worth $709,773,000 after buying an additional 173,889 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Tyler Technologies by 2.6% during the first quarter. JPMorgan Chase & Co. now owns 1,115,848 shares of the technology company’s stock worth $235,399,000 after buying an additional 28,513 shares in the last quarter. Franklin Resources Inc. grew its holdings in shares of Tyler Technologies by 0.7% during the first quarter. Franklin Resources Inc. now owns 802,031 shares of the technology company’s stock worth $169,227,000 after buying an additional 5,608 shares in the last quarter. Federated Investors Inc. PA grew its holdings in shares of Tyler Technologies by 3.8% during the second quarter. Federated Investors Inc. PA now owns 469,342 shares of the technology company’s stock worth $104,241,000 after buying an additional 17,026 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in shares of Tyler Technologies by 0.3% during the second quarter. Bank of New York Mellon Corp now owns 459,809 shares of the technology company’s stock worth $102,123,000 after buying an additional 1,433 shares in the last quarter. Institutional investors and hedge funds own 92.22% of the company’s stock.

In related news, Director Brenda A. Cline sold 4,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 12th. The shares were sold at an average price of $250.39, for a total value of $1,001,560.00. Following the completion of the sale, the director now directly owns 5,000 shares in the company, valued at $1,251,950. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Brian K. Miller sold 5,652 shares of the business’s stock in a transaction that occurred on Friday, September 14th. The shares were sold at an average price of $249.64, for a total transaction of $1,410,965.28. Following the completion of the sale, the vice president now owns 48,263 shares of the company’s stock, valued at $12,048,375.32. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 138,397 shares of company stock valued at $33,361,594. 4.70% of the stock is owned by insiders.

A number of equities research analysts have recently commented on TYL shares. Robert W. Baird reiterated a “buy” rating and set a $260.00 price target (up from $240.00) on shares of Tyler Technologies in a report on Friday, July 27th. Zacks Investment Research upgraded shares of Tyler Technologies from a “hold” rating to a “buy” rating and set a $267.00 price target for the company in a report on Tuesday, July 24th. Piper Jaffray Companies lifted their price target on shares of Tyler Technologies from $242.00 to $260.00 and gave the stock an “overweight” rating in a report on Monday, June 25th. Finally, B. Riley lifted their price target on shares of Tyler Technologies from $200.00 to $206.00 and gave the stock a “neutral” rating in a report on Monday, July 30th. Four equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $231.18.

Tyler Technologies stock opened at $241.35 on Monday. Tyler Technologies, Inc. has a 1 year low of $168.12 and a 1 year high of $252.47. The company has a market capitalization of $9.33 billion, a P/E ratio of 75.90, a P/E/G ratio of 6.37 and a beta of 0.88.

Tyler Technologies (NYSE:TYL) last released its earnings results on Thursday, July 26th. The technology company reported $1.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.13 by $0.05. Tyler Technologies had a net margin of 19.91% and a return on equity of 11.70%. The firm had revenue of $236.10 million during the quarter, compared to the consensus estimate of $233.28 million. During the same period in the previous year, the firm earned $0.91 earnings per share. Tyler Technologies’s revenue was up 13.1% compared to the same quarter last year. equities analysts anticipate that Tyler Technologies, Inc. will post 3.79 EPS for the current year.

Tyler Technologies 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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