First National Bank of Hutchinson Invests $324,000 in Tyler Technologies, Inc. (NYSE:TYL)

First National Bank of Hutchinson bought a new position in Tyler Technologies, Inc. (NYSE:TYL) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 1,392 shares of the technology company’s stock, valued at approximately $324,000.

Several other institutional investors and hedge funds also recently modified their holdings of TYL. TimesSquare Capital Management LLC raised its holdings in shares of Tyler Technologies by 262.4% in the 1st quarter. TimesSquare Capital Management LLC now owns 593,503 shares of the technology company’s stock worth $121,312,000 after buying an additional 429,720 shares in the last quarter. Eagle Asset Management Inc. raised its holdings in shares of Tyler Technologies by 40.4% in the 1st quarter. Eagle Asset Management Inc. now owns 413,961 shares of the technology company’s stock worth $84,613,000 after buying an additional 119,166 shares in the last quarter. Wasatch Advisors Inc. raised its holdings in shares of Tyler Technologies by 26.1% in the 1st quarter. Wasatch Advisors Inc. now owns 540,760 shares of the technology company’s stock worth $110,531,000 after buying an additional 111,766 shares in the last quarter. Carillon Tower Advisers Inc. raised its holdings in shares of Tyler Technologies by 42.0% in the 1st quarter. Carillon Tower Advisers Inc. now owns 321,637 shares of the technology company’s stock worth $65,742,000 after buying an additional 95,127 shares in the last quarter. Finally, BlackRock Inc. raised its holdings in shares of Tyler Technologies by 2.4% in the 1st quarter. BlackRock Inc. now owns 3,805,249 shares of the technology company’s stock worth $777,794,000 after buying an additional 88,378 shares in the last quarter. 88.49% of the stock is owned by institutional investors and hedge funds.

A number of equities analysts have recently issued reports on TYL shares. ValuEngine raised Tyler Technologies from a “hold” rating to a “buy” rating in a report on Tuesday, July 2nd. Benchmark increased their target price on Tyler Technologies from $235.00 to $285.00 and gave the stock a “buy” rating in a report on Friday, August 2nd. Northland Securities reissued a “buy” rating on shares of Tyler Technologies in a report on Thursday, August 1st. Zacks Investment Research raised Tyler Technologies from a “sell” rating to a “hold” rating in a report on Friday, July 5th. Finally, Needham & Company LLC increased their target price on Tyler Technologies to $280.00 and gave the stock a “buy” rating in a report on Friday, August 2nd. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Tyler Technologies presently has a consensus rating of “Buy” and an average target price of $249.50.

NYSE TYL opened at $255.54 on Friday. The company has a market cap of $9.66 billion, a price-to-earnings ratio of 68.33 and a beta of 0.92. Tyler Technologies, Inc. has a one year low of $173.26 and a one year high of $257.51. The stock’s 50 day simple moving average is $227.96. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.00 and a current ratio of 1.00.

Tyler Technologies (NYSE:TYL) last released its quarterly earnings results on Wednesday, July 31st. The technology company reported $1.06 EPS for the quarter, topping the Zacks’ consensus estimate of $1.01 by $0.05. The business had revenue of $275.10 million for the quarter, compared to analyst estimates of $274.88 million. Tyler Technologies had a return on equity of 11.44% and a net margin of 12.96%. Tyler Technologies’s revenue for the quarter was up 16.5% on a year-over-year basis. During the same period in the prior year, the company earned $1.18 EPS. On average, research analysts anticipate that Tyler Technologies, Inc. will post 4.16 earnings per share for the current year.

In other Tyler Technologies news, insider H Lynn Moore, Jr. sold 15,000 shares of the stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $256.06, for a total value of $3,840,900.00. Following the transaction, the insider now directly owns 78,675 shares in the company, valued at approximately $20,145,520.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Luther King, Jr. sold 1,500 shares of the stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $211.86, for a total value of $317,790.00. Following the completion of the transaction, the director now owns 82,996 shares in the company, valued at $17,583,532.56. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 104,585 shares of company stock worth $24,546,546. 4.40% of the stock is owned by corporate insiders.

Tyler Technologies 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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