Tyler Technologies, Inc. (TYL) Just Reaches 52-Week High?

April 25, 2018 - By Nellie Frank

Tyler Technologies, Inc. (NYSE:TYL) Logo

Investors sentiment decreased to 1.03 in Q4 2017. 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.
Neuberger Berman Grp Ltd has invested 0.29% of its portfolio in Tyler Technologies, Inc. (NYSE:TYL). Garrison Bradford & Assocs holds 0.73% or 5,000 shares. Parametric Port Assoc Limited Company holds 0.01% or 74,549 shares. Aperio Grp Limited reported 9,859 shares. Regions Financial invested 0% in Tyler Technologies, Inc. (NYSE:TYL). Brown Cap owns 4.71% invested in Tyler Technologies, Inc. (NYSE:TYL) for 2.19 million shares. State Treasurer State Of Michigan stated it has 12,600 shares or 0.02% of all its holdings. Stone Ridge Asset Management Limited Liability Company has invested 0.02% in Tyler Technologies, Inc. (NYSE:TYL). Principal Finance invested in 0.02% or 148,697 shares. Blair William And Il has invested 0.1% in Tyler Technologies, Inc. (NYSE:TYL). Bell Comml Bank holds 0.08% or 1,547 shares in its portfolio. California Pub Employees Retirement holds 0.02% of its portfolio in Tyler Technologies, Inc. (NYSE:TYL) for 82,398 shares. Fiduciary Tru Company, a Massachusetts-based fund reported 2,068 shares. Voya Ltd Co reported 12,624 shares or 0% of all its holdings. Prudential Fincl has 43,794 shares.

Since October 30, 2017, it had 0 insider purchases, and 20 insider sales for $61.62 million activity. MILLER BRIAN K sold $2.16M worth of stock. LEINWEBER LARRY D also sold $11.69 million worth of Tyler Technologies, Inc. (NYSE:TYL) shares. Another trade for 6,000 shares valued at $1.08M was sold by MOORE H LYNN JR. King Luther Jr sold $265,425 worth of stock or 1,500 shares. Carter Glenn A had sold 1,000 shares worth $210,990. BRATTAIN DONALD R had sold 6,700 shares worth $1.36 million on Monday, February 26.

The stock of Tyler Technologies, Inc. (NYSE:TYL) hit a new 52-week high and has $235.00 target or 7.00 % above today’s $219.63 share price. The 9 months bullish chart indicates low risk for the $8.40B company. The 1-year high was reported on Apr, 25 by Barchart.com. If the $235.00 price target is reached, the company will be worth $587.79M 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 decreased 1.53% or $3.42 during the last trading session, reaching $219.63. About 88,068 shares traded. Tyler Technologies, Inc. (NYSE:TYL) has risen 35.65% since April 25, 2017 and is uptrending. It has outperformed by 24.10% the S&P500.

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

Among 9 analysts covering Tyler Technologies (NYSE:TYL), 6 have Buy rating, 0 Sell and 3 Hold. Therefore 67% are positive. Tyler Technologies had 15 analyst reports since October 26, 2017 according to SRatingsIntel. The rating was maintained by Northland Capital with “Buy” on Tuesday, April 24. The stock of Tyler Technologies, Inc. (NYSE:TYL) earned “In-Line” rating by Evercore on Monday, March 12. The stock of Tyler Technologies, Inc. (NYSE:TYL) earned “Buy” rating by Piper Jaffray on Tuesday, January 16. The firm has “Buy” rating by Northland Capital given on Thursday, October 26. The firm has “Buy” rating given on Thursday, October 26 by Piper Jaffray. Piper Jaffray maintained Tyler Technologies, Inc. (NYSE:TYL) rating on Monday, April 23. Piper Jaffray has “Buy” rating and $24500 target. The firm has “Buy” rating given on Thursday, April 19 by Benchmark. The rating was maintained by DA Davidson with “Neutral” on Monday, April 23. The firm earned “Buy” rating on Tuesday, March 13 by Robert W. Baird. Needham maintained it with “Buy” rating and $235.0 target in Thursday, February 22 report.

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 $8.40 billion. It operates through two divisions, Enterprise Software, and Appraisal and Tax. It has a 52.54 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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