Banco Santander S.A. cut its holdings in shares of Tyler Technologies, Inc. (NYSE:TYL) by 2.5% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 11,200 shares of the technology company’s stock after selling 290 shares during the period. Banco Santander S.A.’s holdings in Tyler Technologies were worth $3,321,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also added to or reduced their stakes in the business. State Street Corp lifted its position in Tyler Technologies by 35.7% during the 4th quarter. State Street Corp now owns 1,228,346 shares of the technology company’s stock valued at $368,528,000 after purchasing an additional 323,402 shares during the period. Capital World Investors acquired a new stake in shares of Tyler Technologies in the 4th quarter valued at approximately $162,390,000. Blair William & Co. IL raised its position in shares of Tyler Technologies by 2.8% in the 4th quarter. Blair William & Co. IL now owns 481,186 shares of the technology company’s stock valued at $144,365,000 after acquiring an additional 13,277 shares during the period. Bank of New York Mellon Corp raised its position in shares of Tyler Technologies by 2.1% in the 4th quarter. Bank of New York Mellon Corp now owns 460,918 shares of the technology company’s stock valued at $138,285,000 after acquiring an additional 9,575 shares during the period. Finally, Alliancebernstein L.P. raised its position in shares of Tyler Technologies by 2.5% in the 4th quarter. Alliancebernstein L.P. now owns 445,338 shares of the technology company’s stock valued at $133,610,000 after acquiring an additional 10,766 shares during the period. Institutional investors own 89.54% of the company’s stock.
A number of brokerages recently weighed in on TYL. Oppenheimer reiterated a “buy” rating and issued a $300.00 price target on shares of Tyler Technologies in a research report on Wednesday, April 29th. Benchmark increased their price target on shares of Tyler Technologies from $285.00 to $375.00 and gave the company a “buy” rating in a research report on Friday, February 14th. BTIG Research began coverage on shares of Tyler Technologies in a research report on Thursday, April 16th. They issued a “neutral” rating on the stock. Zacks Investment Research upgraded shares of Tyler Technologies from a “sell” rating to a “hold” rating in a research report on Friday, April 10th. Finally, Evercore ISI reissued a “hold” rating and set a $335.00 target price on shares of Tyler Technologies in a research note on Sunday, February 16th. Eight equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $314.78.
NYSE TYL traded up $5.62 during trading hours on Friday, reaching $360.05. 230,176 shares of the company’s stock were exchanged, compared to its average volume of 317,346. The company’s 50-day moving average is $321.17 and its two-hundred day moving average is $306.05. Tyler Technologies, Inc. has a one year low of $205.90 and a one year high of $368.98. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.60 and a current ratio of 1.60. The company has a market capitalization of $14.09 billion, a price-to-earnings ratio of 87.60, a price-to-earnings-growth ratio of 5.70 and a beta of 0.72.
Tyler Technologies (NYSE:TYL) last issued its quarterly earnings results on Wednesday, April 29th. The technology company reported $1.25 earnings per share for the quarter, hitting the consensus estimate of $1.25. The company had revenue of $276.78 million during the quarter, compared to analysts’ expectations of $279.85 million. Tyler Technologies had a net margin of 14.94% and a return on equity of 10.69%. The business’s quarterly revenue was up 11.3% on a year-over-year basis. During the same period last year, the business earned $1.22 EPS. Research analysts predict that Tyler Technologies, Inc. will post 4.14 earnings per share for the current fiscal 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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