Dimensional Fund Advisors LP Has $20.92 Million Stake in Tyler Technologies, Inc. (TYL)

Dimensional Fund Advisors LP reduced its holdings in shares of Tyler Technologies, Inc. (NYSE:TYL) by 9.8% in the third quarter, according to its most recent filing with the SEC. The fund owned 120,018 shares of the technology company’s stock after selling 12,970 shares during the period. Dimensional Fund Advisors LP owned about 0.32% of Tyler Technologies worth $20,921,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. Vanguard Group Inc. lifted its stake in shares of Tyler Technologies by 5.7% during the 2nd quarter. Vanguard Group Inc. now owns 2,804,393 shares of the technology company’s stock worth $492,648,000 after acquiring an additional 150,879 shares during the last quarter. BlackRock Inc. lifted its stake in shares of Tyler Technologies by 2.0% during the 2nd quarter. BlackRock Inc. now owns 2,793,116 shares of the technology company’s stock worth $490,668,000 after acquiring an additional 55,453 shares during the last quarter. Janus Henderson Group PLC lifted its stake in shares of Tyler Technologies by 327.0% during the 2nd quarter. Janus Henderson Group PLC now owns 1,865,432 shares of the technology company’s stock worth $327,700,000 after acquiring an additional 1,428,513 shares during the last quarter. State Street Corp lifted its stake in shares of Tyler Technologies by 2.6% during the 2nd quarter. State Street Corp now owns 883,996 shares of the technology company’s stock worth $155,293,000 after acquiring an additional 22,323 shares during the last quarter. Finally, Goldman Sachs Group Inc. lifted its stake in shares of Tyler Technologies by 1.3% during the 2nd quarter. Goldman Sachs Group Inc. now owns 766,672 shares of the technology company’s stock worth $134,682,000 after acquiring an additional 9,969 shares during the last quarter. 91.81% of the stock is owned by hedge funds and other institutional investors.

In other news, Director Dustin R. Womble sold 8,100 shares of Tyler Technologies stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $172.15, for a total value of $1,394,415.00. The sale was disclosed in a filing with the SEC, which is available through this link. Also, VP Brian K. Miller sold 5,000 shares of Tyler Technologies stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $176.86, for a total value of $884,300.00. Following the completion of the transaction, the vice president now owns 55,694 shares in the company, valued at $9,850,040.84. The disclosure for this sale can be found here. Insiders have sold a total of 284,707 shares of company stock worth $51,517,784 over the last 90 days. 10.30% of the stock is currently owned by company insiders.

A number of equities research analysts recently issued reports on TYL shares. Zacks Investment Research raised Tyler Technologies from a “hold” rating to a “buy” rating and set a $198.00 price target for the company in a research note on Wednesday, November 1st. Maxim Group set a $197.00 price target on Tyler Technologies and gave the stock a “buy” rating in a research note on Thursday, October 26th. Needham & Company LLC restated a “buy” rating on shares of Tyler Technologies in a report on Tuesday, October 24th. Piper Jaffray Companies restated a “buy” rating and set a $200.00 price objective on shares of Tyler Technologies in a report on Friday, October 27th. Finally, B. Riley restated a “neutral” rating and set a $184.00 price objective on shares of Tyler Technologies in a report on Thursday, October 26th. One research analyst has rated the stock with a sell rating, one has given a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. Tyler Technologies has an average rating of “Buy” and a consensus price target of $197.00.

Tyler Technologies, Inc. (NYSE:TYL) traded up $4.77 on Wednesday, reaching $198.41. The company’s stock had a trading volume of 234,502 shares, compared to its average volume of 184,587. The stock has a market cap of $7,211.96, a P/E ratio of 58.18 and a beta of 1.00. Tyler Technologies, Inc. has a one year low of $151.37 and a one year high of $204.62.

COPYRIGHT VIOLATION NOTICE: This piece was originally published by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are viewing this piece on another website, it was stolen and republished in violation of United States and international trademark and copyright law. The legal version of this piece can be accessed at https://www.dispatchtribunal.com/2018/02/14/dimensional-fund-advisors-lp-sells-12970-shares-of-tyler-technologies-inc-tyl.html.

Tyler Technologies Profile

Tyler Technologies, Inc is a provider of information management solutions and services for the public sector, with a focus on local governments. The Company operates through two segments: Enterprise Software (ES) segment and The Appraisal and Tax (A&T) segment. ES segment provides municipal and county governments and schools with software systems and services for information technology and automation needs that includes back-office functions, such as financial management, courts and justice processes, public safety, planning regulatory and maintenance, and land and vital records management.

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

Receive News & Ratings for Tyler Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tyler Technologies and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply