DF Dent & Co. Inc. Lowers Holdings in Tyler Technologies, Inc. (TYL)

DF Dent & Co. Inc. reduced its stake in shares of Tyler Technologies, Inc. (NYSE:TYL) by 1.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 577,636 shares of the technology company’s stock after selling 9,496 shares during the quarter. Tyler Technologies accounts for approximately 2.9% of DF Dent & Co. Inc.’s portfolio, making the stock its 8th largest holding. DF Dent & Co. Inc. owned 1.49% of Tyler Technologies worth $128,293,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of TYL. Morgan Stanley grew its position in Tyler Technologies by 949.5% during the second quarter. Morgan Stanley now owns 940,517 shares of the technology company’s stock worth $208,889,000 after buying an additional 850,905 shares during the period. Loomis Sayles & Co. L P acquired a new position in Tyler Technologies during the first quarter worth about $37,795,000. BlackRock Inc. grew its position in 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 during the period. First Trust Advisors LP grew its position in Tyler Technologies by 2,630.4% during the second quarter. First Trust Advisors LP now owns 132,125 shares of the technology company’s stock worth $29,345,000 after buying an additional 127,286 shares during the period. Finally, Blair William & Co. IL grew its position in Tyler Technologies by 147.4% during the first quarter. Blair William & Co. IL now owns 204,773 shares of the technology company’s stock worth $43,199,000 after buying an additional 121,994 shares during the period. Institutional investors own 92.23% of the company’s stock.

TYL stock opened at $247.93 on Friday. The company has a market capitalization of $9.66 billion, a PE ratio of 77.97, a price-to-earnings-growth ratio of 6.59 and a beta of 0.88. Tyler Technologies, Inc. has a 12 month low of $167.50 and a 12 month high of $252.47.

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

TYL has been the topic of several recent analyst reports. Robert W. Baird restated a “buy” rating and set a $260.00 target price (up from $240.00) on shares of Tyler Technologies in a research 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 on the stock in a research report on Tuesday, July 24th. B. Riley increased their price target on shares of Tyler Technologies from $200.00 to $206.00 and gave the company a “neutral” rating in a research report on Monday, July 30th. Finally, Piper Jaffray Companies increased their price target on shares of Tyler Technologies from $242.00 to $260.00 and gave the company an “overweight” rating in a research report on Monday, June 25th. Four investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $228.58.

In related news, insider John S. Marr, Jr. sold 24,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 14th. The shares were sold at an average price of $231.89, for a total transaction of $5,565,360.00. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider H Lynn Moore, Jr. sold 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 1st. The shares were sold at an average price of $225.33, for a total transaction of $1,126,650.00. The disclosure for this sale can be found here. Insiders sold 128,745 shares of company stock worth $30,949,069 over the last quarter. Company insiders own 4.70% of the company’s stock.

Tyler Technologies Company 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.

Further Reading: Understanding Compound Annual Growth Rate (CAGR)

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

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