Tyler Technologies, Inc. (TYL) Hit 52-Week High

April 17, 2018 - By Darrin Black

Tyler Technologies, Inc. (NYSE:TYL) Logo

Investors sentiment decreased to 1.03 in 2017 Q4. Its down 0.38, from 1.41 in 2017Q3. It dropped, as 18 investors sold Tyler Technologies, Inc. shares while 97 reduced holdings. 42 funds opened positions while 76 raised stakes. 34.35 million shares or 1.37% more from 33.89 million shares in 2017Q3 were reported.
Millennium Management Ltd Company reported 0.03% stake. Pinebridge Ltd Partnership reported 19,531 shares. Oregon Public Employees Retirement Fund invested in 0.04% or 12,941 shares. Qs Invsts Ltd Com invested in 402 shares. Echo Street Capital Management Llc invested in 109,540 shares or 0.59% of the stock. Ls Investment Lc has 2,777 shares. Praesidium holds 6.64% or 484,453 shares. Tru Com Of Vermont stated it has 90 shares. Lpl Financial Lc accumulated 4,106 shares or 0% of the stock. Timessquare Ltd Liability Corp accumulated 0.94% or 811,300 shares. First Manhattan Com, New York-based fund reported 816 shares. Teacher Retirement Systems Of Texas owns 0.01% invested in Tyler Technologies, Inc. (NYSE:TYL) for 12,150 shares. Tocqueville Asset L P stated it has 0.01% in Tyler Technologies, Inc. (NYSE:TYL). King Luther Capital Mngmt accumulated 86,304 shares or 0.12% of the stock. 1,191 are held by Yhb Inv Advisors Inc.

Since October 30, 2017, it had 0 insider purchases, and 20 sales for $61.62 million activity. MOORE H LYNN JR sold $1.08 million worth of stock. King Luther Jr also sold $265,425 worth of Tyler Technologies, Inc. (NYSE:TYL) shares. WOMBLE DUSTIN R had sold 7,500 shares worth $1.53M. $418,220 worth of Tyler Technologies, Inc. (NYSE:TYL) was sold by Carter Glenn A on Tuesday, March 6. LEINWEBER LARRY D sold 50,000 shares worth $8.87M. On Monday, March 5 the insider MARR JOHN S JR sold $8.57M.

The stock of Tyler Technologies, Inc. (NYSE:TYL) hit a new 52-week high and has $229.74 target or 4.00 % above today’s $220.90 share price. The 5 months bullish chart indicates low risk for the $8.45 billion company. The 1-year high was reported on Apr, 17 by Barchart.com. If the $229.74 price target is reached, the company will be worth $337.84 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock increased 0.91% or $2 during the last trading session, reaching $220.9. About 59,725 shares traded. Tyler Technologies, Inc. (NYSE:TYL) has risen 35.65% since April 17, 2017 and is uptrending. It has outperformed by 24.10% the S&P500.

Analysts await Tyler Technologies, Inc. (NYSE:TYL) to report earnings on April, 25. They expect $0.90 EPS, up 20.00 % or $0.15 from last year’s $0.75 per share. TYL’s profit will be $34.41M for 61.36 P/E if the $0.90 EPS becomes a reality. After $0.87 actual EPS reported by Tyler Technologies, Inc. for the previous quarter, Wall Street now forecasts 3.45 % EPS growth.

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 11 analyst reports since October 23, 2017 according to SRatingsIntel. Needham maintained Tyler Technologies, Inc. (NYSE:TYL) on Monday, October 23 with “Buy” rating. Piper Jaffray maintained Tyler Technologies, Inc. (NYSE:TYL) rating on Tuesday, January 16. Piper Jaffray has “Buy” rating and $220.0 target. The stock of Tyler Technologies, Inc. (NYSE:TYL) earned “Buy” rating by Needham on Thursday, February 22. Piper Jaffray maintained the shares of TYL in report on Thursday, October 26 with “Buy” rating. The firm has “Buy” rating given on Thursday, October 26 by Northland Capital. The firm has “In-Line” rating by Evercore given on Monday, March 12. Robert W. Baird initiated the shares of TYL in report on Tuesday, March 13 with “Buy” rating.

Tyler Technologies, Inc. provides integrated information management solutions and services for the public sector with a focus on local governments in the United States and internationally. The company has market cap of $8.45 billion. It operates through two divisions, Enterprise Software, and Appraisal and Tax. It has a 52.85 P/E ratio. The company's financial management solutions include modular fund accounting systems for government agencies or not-for-profit entities; and utility billing systems for the billing and collection of metered and non-metered services.

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

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