Pacer Advisors Inc. Has $1.10 Million Position in Tyler Technologies, Inc. (TYL)

Pacer Advisors Inc. boosted its holdings in Tyler Technologies, Inc. (NYSE:TYL) by 14.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,279 shares of the technology company’s stock after purchasing an additional 815 shares during the period. Pacer Advisors Inc.’s holdings in Tyler Technologies were worth $1,095,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. YHB Investment Advisors Inc. bought a new position in Tyler Technologies in the second quarter valued at $209,000. Lakeview Capital Partners LLC bought a new position in shares of Tyler Technologies in the 2nd quarter valued at about $211,000. CIBC Asset Management Inc bought a new position in shares of Tyler Technologies in the 3rd quarter valued at about $218,000. D.A. Davidson & CO. grew its position in shares of Tyler Technologies by 13.3% in the 2nd quarter. D.A. Davidson & CO. now owns 1,391 shares of the technology company’s stock valued at $244,000 after acquiring an additional 163 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Tyler Technologies by 8.8% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,412 shares of the technology company’s stock valued at $248,000 after acquiring an additional 114 shares during the period. 90.92% of the stock is owned by institutional investors and hedge funds.

A number of research analysts have recently commented on the stock. Piper Jaffray Companies reissued a “buy” rating and issued a $200.00 price objective on shares of Tyler Technologies in a research report on Friday, October 27th. B. Riley downgraded shares of Tyler Technologies from a “buy” rating to a “neutral” rating and set a $184.00 price objective for the company. in a research report on Friday, October 27th. Maxim Group set a $197.00 price objective on shares of Tyler Technologies and gave the company a “buy” rating in a research report on Thursday, July 27th. Needham & Company LLC reissued a “buy” rating on shares of Tyler Technologies in a research report on Tuesday, October 24th. Finally, KeyCorp reissued a “buy” rating and issued a $180.00 price objective on shares of Tyler Technologies in a research report on Friday, October 6th. One research analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $193.00.

In related news, VP Brian K. Miller sold 4,500 shares of Tyler Technologies stock in a transaction dated Thursday, August 31st. The shares were sold at an average price of $172.89, for a total transaction of $778,005.00. Following the completion of the sale, the vice president now owns 55,194 shares of the company’s stock, valued at approximately $9,542,490.66. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Dustin R. Womble sold 34,404 shares of Tyler Technologies stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $172.01, for a total transaction of $5,917,832.04. Following the sale, the director now directly owns 226,197 shares of the company’s stock, valued at approximately $38,908,145.97. The disclosure for this sale can be found here. Insiders have sold a total of 217,576 shares of company stock valued at $37,693,071 in the last ninety days. 10.30% of the stock is currently owned by insiders.

Shares of Tyler Technologies, Inc. (TYL) traded down $1.27 during mid-day trading on Friday, hitting $176.63. 110,800 shares of the company traded hands, compared to its average volume of 190,499. The company has a market cap of $6,635.66, a P/E ratio of 54.18 and a beta of 0.99. Tyler Technologies, Inc. has a 1-year low of $139.61 and a 1-year high of $183.98.

Tyler Technologies (NYSE:TYL) last announced its earnings results on Wednesday, October 25th. The technology company reported $1.05 EPS for the quarter, topping the consensus estimate of $1.02 by $0.03. The business had revenue of $214.15 million during the quarter, compared to the consensus estimate of $216.80 million. Tyler Technologies had a net margin of 16.34% and a return on equity of 12.81%. Tyler Technologies’s revenue was up 10.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.94 EPS. equities research analysts forecast that Tyler Technologies, Inc. will post 3.27 EPS for the current year.

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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.

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

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