North Star Asset Management Inc. bought a new position in shares of Tyler Technologies, Inc. (NYSE:TYL) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 8,332 shares of the technology company’s stock, valued at approximately $2,042,000.
Other large investors have also recently modified their holdings of the company. Alps Advisors Inc. acquired a new position in shares of Tyler Technologies during the second quarter worth approximately $209,000. Welch & Forbes LLC acquired a new position in shares of Tyler Technologies during the second quarter worth approximately $222,000. Natixis acquired a new position in shares of Tyler Technologies during the second quarter worth approximately $270,000. Gideon Capital Advisors Inc. acquired a new position in shares of Tyler Technologies during the second quarter worth approximately $324,000. Finally, Ontario Teachers Pension Plan Board acquired a new position in shares of Tyler Technologies during the second quarter worth approximately $352,000. 91.71% of the stock is currently owned by institutional investors.
A number of equities analysts have recently weighed in on the company. Zacks Investment Research raised Tyler Technologies from a “hold” rating to a “buy” rating and set a $236.00 target price on the stock in a research report on Saturday. B. Riley upped their target price on Tyler Technologies from $200.00 to $206.00 and gave the stock a “neutral” rating in a research report on Monday, July 30th. Finally, Robert W. Baird reaffirmed 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. Three investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $233.20.
In other Tyler Technologies news, Director Brenda A. Cline sold 4,000 shares of the company’s stock in a transaction on Wednesday, September 12th. The stock was sold at an average price of $250.39, for a total value of $1,001,560.00. Following the completion of the transaction, the director now owns 5,000 shares in the company, valued at approximately $1,251,950. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider H Lynn Moore, Jr. sold 5,000 shares of the company’s stock in a transaction on Wednesday, August 1st. The shares were sold at an average price of $225.33, for a total value of $1,126,650.00. The disclosure for this sale can be found here. Insiders have sold 138,397 shares of company stock valued at $33,361,594 in the last quarter. 4.70% of the stock is currently owned by corporate insiders.
About Tyler Technologies
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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