Tyler Technologies (NYSE:TYL).
Baird Financial Group, Inc. reports that it raised its investment in Tyler Technologies shares by 9.5% in its quarterly SEC filing. Its position stood at $46,886,000 an increase of 8.7% as of quarter end.
Here are a few institutional investors who have updated their positions. As of the end of the quarter Alliancebernstein L.P. had sold a total of 6,024 shares trimming its stake by 1.2%. The value of the investment in Tyler Technologies decreased from $89,967,000 to $88,226,000 decreasing 1.9% quarter over quarter. As of quarter end Commonwealth Of Pennsylvania Public School Empls Retrmt SYS had acquired 136 shares growing its holdings by 2.8%. The value of the company’s investment in Tyler Technologies went from $865,000 to $882,000 a change of 2.0% quarter to quarter.
As of the end of the quarter Raymond James & Associates had acquired 2,319 shares growing its position 11.3%. The value of the total investment in Tyler Technologies went from $3,608,000 to $3,985,000 a change of $377,000 since the last quarter.
On October 27 Piper Jaffray Companies made no change to the company rating of “Buy” targeting a price of $200.00.
On October 26, 2017 Maxim Group issued a report on TYL with a rating of “Buy” and a price target of $197.00. October 26 investment analysts at B. Riley maintained a company rating of “Neutral” with a current price target of $184.00.
October 24 investment analysts at Needham & Company LLC reiterated a “Buy” rating on the stock. October 6 investment analysts at KeyCorp held the company rating at “Buy” projecting a price of $180.00.
The company is so far trading down by 0.99% since yesterday’s close of 171.91. The company’s P/E ratio is 43.80 and the market cap is 6.39B. As of the latest earnings report the EPS was $3.89 with 37.57M shares now outstanding.
Investors are a little more bearish on the company if you take into consideration the change in short interest. The stock recorded a rise in short interest of 4.17% as of October 13, 2017 from the last reporting period. Short shares increased 63,677 over that timeframe. The days to cover increased to 12.0 and the percentage of shorted shares was 0.04% on October 13.