Stanley Laman Group Ltd. lowered its holdings in Tyler Technologies, Inc. (NYSE:TYL) by 0.3% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 22,089 shares of the technology company’s stock after selling 72 shares during the quarter. Tyler Technologies makes up approximately 1.1% of Stanley Laman Group Ltd.’s investment portfolio, making the stock its 25th largest holding. Stanley Laman Group Ltd.’s holdings in Tyler Technologies were worth $4,772,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of TYL. Icon Wealth Partners LLC bought a new stake in shares of Tyler Technologies in the first quarter valued at approximately $53,000. Tompkins Financial Corp raised its position in shares of Tyler Technologies by 42.0% in the second quarter. Tompkins Financial Corp now owns 291 shares of the technology company’s stock valued at $63,000 after purchasing an additional 86 shares during the period. Advisory Services Network LLC raised its position in shares of Tyler Technologies by 42.3% in the second quarter. Advisory Services Network LLC now owns 313 shares of the technology company’s stock valued at $68,000 after purchasing an additional 93 shares during the period. Ellis Investment Partners LLC bought a new stake in shares of Tyler Technologies in the first quarter valued at approximately $76,000. Finally, NEXT Financial Group Inc raised its position in shares of Tyler Technologies by 44.2% in the second quarter. NEXT Financial Group Inc now owns 679 shares of the technology company’s stock valued at $147,000 after purchasing an additional 208 shares during the period. 88.35% of the stock is currently owned by institutional investors.

NYSE:TYL traded down $4.20 during mid-day trading on Wednesday, hitting $250.65. 4,509 shares of the stock traded hands, compared to its average volume of 240,623. The firm’s 50-day moving average is $230.46. The company has a market cap of $9.81 billion, a P/E ratio of 66.93 and a beta of 0.92. Tyler Technologies, Inc. has a 12-month low of $173.26 and a 12-month high of $257.51. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.00 and a current ratio of 1.00.

Tyler Technologies (NYSE:TYL) last issued its quarterly earnings data on Wednesday, July 31st. The technology company reported $1.06 EPS for the quarter, beating the consensus estimate of $1.01 by $0.05. The company had revenue of $275.10 million during the quarter, compared to analysts’ expectations of $274.88 million. Tyler Technologies had a net margin of 12.96% and a return on equity of 11.44%. Tyler Technologies’s revenue for the quarter was up 16.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.18 earnings per share. As a group, sell-side analysts predict that Tyler Technologies, Inc. will post 4.16 EPS for the current year.

In other Tyler Technologies news, CEO H Lynn Moore, Jr. sold 6,000 shares of the business’s stock in a transaction that occurred on Thursday, May 16th. The shares were sold at an average price of $216.10, for a total value of $1,296,600.00. Following the completion of the transaction, the chief executive officer now owns 68,380 shares of the company’s stock, valued at approximately $14,776,918. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO H Lynn Moore, Jr. sold 2,400 shares of the business’s stock in a transaction that occurred on Friday, June 14th. The stock was sold at an average price of $218.81, for a total transaction of $525,144.00. Following the completion of the transaction, the chief executive officer now directly owns 69,980 shares of the company’s stock, valued at approximately $15,312,323.80. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 104,870 shares of company stock valued at $24,682,092. 4.40% of the stock is owned by corporate insiders.

TYL has been the subject of several recent analyst reports. Benchmark boosted their price objective on shares of Tyler Technologies from $235.00 to $285.00 and gave the company a “buy” rating in a research note on Friday, August 2nd. ValuEngine raised shares of Tyler Technologies from a “hold” rating to a “buy” rating in a research note on Tuesday, July 2nd. Northland Securities reaffirmed a “buy” rating on shares of Tyler Technologies in a research note on Thursday, August 1st. KeyCorp reaffirmed a “hold” rating on shares of Tyler Technologies in a research note on Thursday, August 1st. Finally, Zacks Investment Research raised shares of Tyler Technologies from a “sell” rating to a “hold” rating in a research note on Friday, July 5th. Three analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $249.50.

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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