Capital Investment Services of America Inc. Has $31.75 Million Stock Position in Tyler Technologies, Inc. (NYSE:TYL)

Capital Investment Services of America Inc. lowered its position in shares of Tyler Technologies, Inc. (NYSE:TYL) by 6.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 54,396 shares of the technology company’s stock after selling 3,873 shares during the quarter. Tyler Technologies comprises 3.0% of Capital Investment Services of America Inc.’s investment portfolio, making the stock its 10th biggest holding. Capital Investment Services of America Inc. owned about 0.13% of Tyler Technologies worth $31,752,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of TYL. QRG Capital Management Inc. grew its position in shares of Tyler Technologies by 21.1% during the 3rd quarter. QRG Capital Management Inc. now owns 940 shares of the technology company’s stock worth $549,000 after buying an additional 164 shares during the period. Robeco Institutional Asset Management B.V. raised its holdings in shares of Tyler Technologies by 626.3% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 42,450 shares of the technology company’s stock worth $24,779,000 after acquiring an additional 36,605 shares during the last quarter. Americana Partners LLC bought a new position in Tyler Technologies in the 3rd quarter valued at about $385,000. Conestoga Capital Advisors LLC increased its holdings in Tyler Technologies by 0.8% during the 3rd quarter. Conestoga Capital Advisors LLC now owns 88,031 shares of the technology company’s stock worth $51,385,000 after purchasing an additional 690 shares in the last quarter. Finally, Stephens Inc. AR raised its stake in shares of Tyler Technologies by 1.5% in the third quarter. Stephens Inc. AR now owns 3,196 shares of the technology company’s stock worth $1,866,000 after purchasing an additional 47 shares during the last quarter. 93.30% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on TYL. Oppenheimer upped their price target on Tyler Technologies from $625.00 to $700.00 and gave the stock an “outperform” rating in a report on Friday, October 25th. Robert W. Baird raised their price target on shares of Tyler Technologies from $625.00 to $700.00 and gave the company an “outperform” rating in a research report on Friday, October 25th. The Goldman Sachs Group restated a “buy” rating and set a $627.00 price target on shares of Tyler Technologies in a report on Friday, September 13th. JMP Securities increased their price objective on shares of Tyler Technologies from $580.00 to $700.00 and gave the company a “market outperform” rating in a research note on Friday, October 25th. Finally, Wells Fargo & Company lifted their target price on shares of Tyler Technologies from $580.00 to $600.00 and gave the stock an “overweight” rating in a research report on Friday, July 26th. Two analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $642.62.

Tyler Technologies Stock Performance

Shares of TYL stock traded down $2.38 on Monday, hitting $600.37. 17,610 shares of the stock were exchanged, compared to its average volume of 227,663. The firm’s 50 day moving average is $588.09 and its two-hundred day moving average is $535.35. Tyler Technologies, Inc. has a one year low of $397.80 and a one year high of $631.43. The firm has a market capitalization of $25.70 billion, a PE ratio of 109.99, a P/E/G ratio of 5.46 and a beta of 0.77. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.18.

Tyler Technologies (NYSE:TYL) last posted its quarterly earnings results on Wednesday, October 23rd. The technology company reported $2.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.43 by $0.09. The company had revenue of $543.34 million for the quarter, compared to analyst estimates of $547.34 million. Tyler Technologies had a net margin of 11.39% and a return on equity of 9.79%. The company’s quarterly revenue was up 9.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.66 earnings per share. Sell-side analysts expect that Tyler Technologies, Inc. will post 7.39 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Tyler Technologies news, CEO H Lynn Moore, Jr. sold 5,000 shares of Tyler Technologies stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $576.62, for a total transaction of $2,883,100.00. Following the completion of the transaction, the chief executive officer now owns 75,000 shares of the company’s stock, valued at $43,246,500. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Tyler Technologies news, CEO H Lynn Moore, Jr. sold 5,000 shares of the firm’s stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $576.62, for a total value of $2,883,100.00. Following the completion of the transaction, the chief executive officer now directly owns 75,000 shares of the company’s stock, valued at $43,246,500. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Brian K. Miller sold 2,000 shares of the company’s stock in a transaction on Wednesday, August 7th. The stock was sold at an average price of $567.96, for a total transaction of $1,135,920.00. Following the completion of the transaction, the chief financial officer now directly owns 11,950 shares in the company, valued at approximately $6,787,122. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 29,100 shares of company stock worth $16,890,717 over the last 90 days. Corporate insiders own 2.20% of the company’s stock.

Tyler Technologies Company Profile

Tyler Technologies, Inc provides integrated information management solutions and services for the public sector. It operates in two segments, Enterprise Software and Platform Technologies. The company offers platform and transformative technology solutions, including cybersecurity for government agencies; data and insights solutions; digital solutions that helps workers and policymakers to share, communicate, and leverage data; payments solutions, such as billing, presentment, merchant onboarding, collections, reconciliation, and disbursements; platform technologies, an application development platform that enables government workers to build solutions and applications; and outdoor recreation solutions, including campsite reservations, activity registrations, licensing sales and renewals, and real-time data for conservation and park management.