As Tyler Technologies (TYL) Stock Value Rose, Holder Connors Investor Services INC Cut Its Position by $9.85 Million

July 13, 2018 - By Richard Doty

Tyler Technologies, Inc. (NYSE:TYL) LogoInvestors sentiment increased to 1.21 in Q1 2018. Its up 0.18, from 1.03 in 2017Q4. It increased, as 18 investors sold TYL shares while 95 reduced holdings. 51 funds opened positions while 86 raised stakes. 33.94 million shares or 1.21% less from 34.35 million shares in 2017Q4 were reported. 59,514 were accumulated by State Teachers Retirement System. 33,894 were reported by Ubs Asset Mgmt Americas Incorporated. Brown Capital has 2.11M shares. Earnest Prtn Ltd Limited Liability Company invested in 0% or 11 shares. Moreover, Frontier Inv has 0% invested in Tyler Technologies, Inc. (NYSE:TYL). Eulav Asset Management stated it has 112,458 shares. Los Angeles Cap Mgmt & Equity Rech stated it has 2,312 shares or 0% of all its holdings. Panagora Asset Inc, Massachusetts-based fund reported 812 shares. Jefferies Group Lc holds 0.01% of its portfolio in Tyler Technologies, Inc. (NYSE:TYL) for 6,575 shares. Sei Investments Communication holds 0.04% or 43,438 shares. Raymond James holds 21,950 shares. Art Ltd Liability Company stated it has 0.07% of its portfolio in Tyler Technologies, Inc. (NYSE:TYL). Fred Alger Mgmt Inc has 190,628 shares. Waddell Reed Fin has 458,012 shares for 0.22% of their portfolio. Rmb Capital Mngmt Limited Liability Co invested in 0.26% or 47,680 shares.

Since February 26, 2018, it had 0 buys, and 29 sales for $80.76 million activity. Shares for $911,804 were sold by MILLER BRIAN K. The insider MARR JOHN S JR sold 30,000 shares worth $6.85M. Carter Glenn A sold 2,000 shares worth $418,220. 23,350 shares were sold by King Luther Jr, worth $4.73 million on Thursday, March 1. BRATTAIN DONALD R sold $343,575 worth of stock. On Thursday, June 14 the insider MOORE H LYNN JR sold $4.35 million.

Connors Investor Services Inc decreased its stake in Tyler Technologies (TYL) by 49.2% based on its latest 2018Q1 regulatory filing with the SEC. Connors Investor Services Inc sold 46,915 shares as the company’s stock rose 10.86% while stock markets declined. The institutional investor held 48,435 shares of the technology company at the end of 2018Q1, valued at $10.22 million, down from 95,350 at the end of the previous reported quarter. Connors Investor Services Inc who had been investing in Tyler Technologies for a number of months, seems to be less bullish one the $9.03B market cap company. The stock decreased 0.44% or $1.05 during the last trading session, reaching $235.84. About 94,395 shares traded. Tyler Technologies, Inc. (NYSE:TYL) has risen 33.03% since July 13, 2017 and is uptrending. It has outperformed by 20.46% the S&P500.

Analysts await Tyler Technologies, Inc. (NYSE:TYL) to report earnings on July, 26 after the close. They expect $0.91 earnings per share, up 5.81 % or $0.05 from last year’s $0.86 per share. TYL’s profit will be $34.84M for 64.79 P/E if the $0.91 EPS becomes a reality. After $0.88 actual earnings per share reported by Tyler Technologies, Inc. for the previous quarter, Wall Street now forecasts 3.41 % EPS growth.

More recent Tyler Technologies, Inc. (NYSE:TYL) news were published by: Businesswire.com which released: “Tyler Technologies Advances Traversa Routing Solution with Multi-District Model” on July 12, 2018. Also Themiddlemarket.com published the news titled: “M&A daily wrap: Tom Gores, Platinum Equity, Serena Williams, Jamba Juice, Francisco Partners, Blackstone, Goldman …” on July 13, 2018. Themiddlemarket.com‘s news article titled: “M&A daily wrap: Tom Gores, Platinum Equity, Serena Williams, Daily Harvest, Francisco Partners, Blackstone …” with publication date: July 13, 2018 was also an interesting one.

Tyler Technologies, Inc. (NYSE:TYL) Ratings Coverage

Among 8 analysts covering Tyler Technologies (NYSE:TYL), 5 have Buy rating, 0 Sell and 3 Hold. Therefore 63% are positive. Tyler Technologies had 13 analyst reports since January 16, 2018 according to SRatingsIntel. As per Monday, April 23, the company rating was maintained by DA Davidson. The firm has “Buy” rating given on Monday, June 25 by Piper Jaffray. The firm earned “Buy” rating on Thursday, February 22 by Needham. The stock of Tyler Technologies, Inc. (NYSE:TYL) earned “Buy” rating by Benchmark on Thursday, April 19. The stock has “Buy” rating by Needham on Tuesday, April 24. Piper Jaffray maintained the stock with “Buy” rating in Monday, April 23 report. As per Tuesday, April 24, the company rating was maintained by Northland Capital. Piper Jaffray maintained it with “Buy” rating and $220.0 target in Tuesday, January 16 report. The firm has “Buy” rating given on Tuesday, March 13 by Robert W. Baird. Evercore downgraded the stock to “In-Line” rating in Monday, March 12 report.

Tyler Technologies, Inc. (NYSE:TYL) Institutional Positions Chart

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