Brasada Capital Management LP Has $2.91 Million Position in Tyler Technologies, Inc. (TYL)

Brasada Capital Management LP boosted its position in shares of Tyler Technologies, Inc. (NYSE:TYL) by 385.6% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 14,229 shares of the technology company’s stock after purchasing an additional 11,299 shares during the quarter. Brasada Capital Management LP’s holdings in Tyler Technologies were worth $2,908,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. BlackRock Inc. lifted its stake in Tyler Technologies by 8.9% in the fourth quarter. BlackRock Inc. now owns 3,716,871 shares of the technology company’s stock valued at $690,669,000 after buying an additional 303,947 shares in the last quarter. Vanguard Group Inc lifted its stake in Tyler Technologies by 3.3% in the third quarter. Vanguard Group Inc now owns 3,326,669 shares of the technology company’s stock valued at $815,233,000 after buying an additional 106,568 shares in the last quarter. Janus Henderson Group PLC lifted its stake in Tyler Technologies by 0.8% in the first quarter. Janus Henderson Group PLC now owns 1,431,181 shares of the technology company’s stock valued at $292,534,000 after buying an additional 11,450 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in Tyler Technologies by 5.6% in the third quarter. JPMorgan Chase & Co. now owns 1,248,274 shares of the technology company’s stock valued at $305,901,000 after buying an additional 65,928 shares in the last quarter. Finally, Morgan Stanley lifted its stake in Tyler Technologies by 9.7% in the third quarter. Morgan Stanley now owns 1,032,052 shares of the technology company’s stock valued at $252,916,000 after buying an additional 91,535 shares in the last quarter. Hedge funds and other institutional investors own 91.09% of the company’s stock.

Shares of TYL stock opened at $210.59 on Tuesday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.22 and a current ratio of 1.00. The firm has a market capitalization of $8.07 billion, a PE ratio of 56.31, a price-to-earnings-growth ratio of 5.18 and a beta of 0.95. Tyler Technologies, Inc. has a 12 month low of $173.26 and a 12 month high of $252.47.

Tyler Technologies (NYSE:TYL) last announced its quarterly earnings data on Wednesday, May 1st. The technology company reported $0.95 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.95. The business had revenue of $247.10 million for the quarter, compared to analyst estimates of $251.75 million. Tyler Technologies had a net margin of 14.23% and a return on equity of 11.28%. The firm’s revenue for the quarter was up 11.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.13 earnings per share. Analysts anticipate that Tyler Technologies, Inc. will post 4.16 earnings per share for the current fiscal year.

In other news, Director Luther King, Jr. sold 967 shares of the business’s stock in a transaction on Wednesday, May 8th. The shares were sold at an average price of $217.70, for a total value of $210,515.90. Following the sale, the director now owns 77,864 shares of the company’s stock, valued at $16,950,992.80. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Chairman John S. Marr, Jr. sold 10,000 shares of the company’s stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $201.26, for a total transaction of $2,012,600.00. The disclosure for this sale can be found here. In the last three months, insiders sold 44,643 shares of company stock worth $9,008,770. 4.40% of the stock is currently owned by insiders.

TYL has been the topic of a number of research reports. ValuEngine raised shares of Tyler Technologies from a “hold” rating to a “buy” rating in a research note on Friday, February 8th. TheStreet raised shares of Tyler Technologies from a “c+” rating to a “b-” rating in a research report on Friday, February 15th. KeyCorp reissued a “hold” rating on shares of Tyler Technologies in a research report on Thursday, February 21st. DA Davidson lowered shares of Tyler Technologies from a “buy” rating to a “neutral” rating and set a $210.00 price objective on the stock. in a research report on Friday, February 22nd. Finally, Northland Securities reissued a “buy” rating and issued a $240.00 price objective on shares of Tyler Technologies in a research report on Friday, February 22nd. One analyst has rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the stock. Tyler Technologies has an average rating of “Buy” and an average target price of $237.13.

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

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