Tyler Technologies, Inc. (TYL) Sets All Time High; Strong Momentum for Holders

April 16, 2018 - By Marguerite Chambers

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 worsened, 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.
Telemus Lc invested in 121 shares. American Grp has invested 0.04% in Tyler Technologies, Inc. (NYSE:TYL). Teton Incorporated holds 0.06% in Tyler Technologies, Inc. (NYSE:TYL) or 3,400 shares. California State Teachers Retirement System accumulated 54,680 shares. Bbva Compass Commercial Bank holds 3,445 shares or 0.04% of its portfolio. Timessquare Ltd invested 0.94% in Tyler Technologies, Inc. (NYSE:TYL). Two Creeks Capital L P holds 5.58% or 589,107 shares in its portfolio. State Street stated it has 0.01% in Tyler Technologies, Inc. (NYSE:TYL). 6,144 are owned by Brinker Capital. Texas Yale Cap Corp stated it has 0.22% in Tyler Technologies, Inc. (NYSE:TYL). Assetmark, a California-based fund reported 436 shares. Brighton Jones Ltd invested in 0.05% or 2,525 shares. Vanguard Gp Inc Inc holds 2.97M shares. King Luther Cap Mgmt Corp reported 86,304 shares. Moreover, Winfield has 0% invested in Tyler Technologies, Inc. (NYSE:TYL).

Since October 30, 2017, it had 0 insider buys, and 20 insider sales for $61.62 million activity. The insider MARR JOHN S JR sold 41,000 shares worth $8.57M. King Luther Jr sold 23,350 shares worth $4.73M. On Monday, February 26 BRATTAIN DONALD R sold $1.36M worth of Tyler Technologies, Inc. (NYSE:TYL) or 6,700 shares. 6,000 shares were sold by MOORE H LYNN JR, worth $1.08M on Friday, December 15. 12,000 shares were sold by MILLER BRIAN K, worth $2.16 million. 1,000 shares were sold by Carter Glenn A, worth $210,990 on Friday, March 9.

The stock of Tyler Technologies, Inc. (NYSE:TYL) reached all time high today, Apr, 16 and still has $224.34 target or 3.00 % above today’s $217.81 share price. This indicates more upside for the $8.33 billion company. This technical setup was reported by Barchart.com. If the $224.34 PT is reached, the company will be worth $249.84M more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events.

The stock increased 1.68% or $3.6 during the last trading session, reaching $217.81. About 55,877 shares traded. Tyler Technologies, Inc. (NYSE:TYL) has risen 35.65% since April 16, 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 60.50 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 9 analysts covering Tyler Technologies (NYSE:TYL), 5 have Buy rating, 0 Sell and 4 Hold. Therefore 56% are positive. Tyler Technologies had 12 analyst reports since October 17, 2017 according to SRatingsIntel. The stock of Tyler Technologies, Inc. (NYSE:TYL) has “In-Line” rating given on Monday, March 12 by Evercore. The stock of Tyler Technologies, Inc. (NYSE:TYL) earned “Sector Weight” rating by KeyBanc Capital Markets on Tuesday, October 17. Needham maintained Tyler Technologies, Inc. (NYSE:TYL) rating on Monday, October 23. Needham has “Buy” rating and $185.0 target. Piper Jaffray maintained the shares of TYL in report on Thursday, October 26 with “Buy” rating. The stock has “Buy” rating by Piper Jaffray on Tuesday, January 16. Northland Capital maintained Tyler Technologies, Inc. (NYSE:TYL) rating on Thursday, October 26. Northland Capital has “Buy” rating and $200.0 target. Robert W. Baird initiated it with “Buy” rating and $240.0 target in Tuesday, March 13 report. The stock of Tyler Technologies, Inc. (NYSE:TYL) earned “Buy” rating by Needham on Thursday, February 22.

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 $8.33 billion. It operates through two divisions, Enterprise Software, and Appraisal and Tax. It has a 52.11 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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