Peregrine Capital Management LLC Acquires 10,031 Shares of Tyler Technologies, Inc. (NYSE:TYL)

Peregrine Capital Management LLC raised its holdings in shares of Tyler Technologies, Inc. (NYSE:TYL) by 16.3% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 71,490 shares of the technology company’s stock after acquiring an additional 10,031 shares during the quarter. Peregrine Capital Management LLC’s holdings in Tyler Technologies were worth $15,443,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the company. BlackRock Inc. grew its stake in shares of Tyler Technologies by 2.4% during the 1st quarter. BlackRock Inc. now owns 3,805,249 shares of the technology company’s stock worth $777,794,000 after acquiring an additional 88,378 shares in the last quarter. Janus Henderson Group PLC grew its stake in shares of Tyler Technologies by 0.8% during the 1st quarter. Janus Henderson Group PLC now owns 1,431,181 shares of the technology company’s stock worth $292,534,000 after acquiring an additional 11,450 shares in the last quarter. TimesSquare Capital Management LLC grew its stake in shares of Tyler Technologies by 262.4% during the 1st quarter. TimesSquare Capital Management LLC now owns 593,503 shares of the technology company’s stock worth $121,312,000 after acquiring an additional 429,720 shares in the last quarter. Wasatch Advisors Inc. grew its stake in shares of Tyler Technologies by 26.1% during the 1st quarter. Wasatch Advisors Inc. now owns 540,760 shares of the technology company’s stock worth $110,531,000 after acquiring an additional 111,766 shares in the last quarter. Finally, Norges Bank bought a new position in shares of Tyler Technologies during the 4th quarter worth approximately $81,675,000. 88.45% of the stock is owned by institutional investors.

In related news, Director Dustin R. Womble sold 7,444 shares of the firm’s stock in a transaction on Tuesday, June 11th. The shares were sold at an average price of $221.87, for a total value of $1,651,600.28. Following the completion of the transaction, the director now directly owns 185,443 shares of the company’s stock, valued at $41,144,238.41. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Glenn A. Carter sold 325 shares of the firm’s stock in a transaction on Friday, June 14th. The shares were sold at an average price of $221.46, for a total transaction of $71,974.50. The disclosure for this sale can be found here. Insiders sold 59,636 shares of company stock valued at $13,101,345 over the last three months. 4.40% of the stock is owned by company insiders.

TYL has been the subject of several analyst reports. ValuEngine cut shares of Zumiez from a “hold” rating to a “sell” rating in a research note on Tuesday, July 2nd. Zacks Investment Research raised shares of SCHNEIDER ELEC /ADR from a “hold” rating to a “buy” rating and set a $20.00 target price for the company in a research note on Friday, July 5th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $238.50.

NYSE:TYL opened at $235.22 on Wednesday. Tyler Technologies, Inc. has a 1-year low of $173.26 and a 1-year high of $252.47. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.08. The firm has a fifty day moving average price of $222.49. The company has a market capitalization of $9.00 billion, a PE ratio of 62.89 and a beta of 0.92.

Tyler Technologies (NYSE:TYL) last released its earnings results on Wednesday, May 1st. The technology company reported $0.95 earnings per share for the quarter, meeting the consensus estimate of $0.95. Tyler Technologies had a net margin of 14.23% and a return on equity of 11.28%. The business had revenue of $247.10 million during the quarter, compared to analysts’ expectations of $251.75 million. During the same period last year, the business earned $1.13 earnings per share. The firm’s revenue was up 11.7% on a year-over-year basis. Research analysts predict that Tyler Technologies, Inc. will post 4.17 EPS for the current year.

Tyler Technologies Company Profile

Tyler Technologies, Inc provides integrated information management solutions and services for the public sector in the United States and internationally. The company operates in two segments, Enterprise Software, and Appraisal and Tax. It 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; and student information and transportation solutions for K-12 schools.

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

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