Short Interest Worth Mentioning: Tyler Tech Incorporated (NYSE:TYL) Has Decline in Shorts

November 18, 2016 - By Clifton Ray   ·   0 Comments

Short Interest Worth Mentioning: Tyler Tech Incorporated (NYSE:TYL) Has Decline in Shorts

The stock of Tyler Tech Incorporated (NYSE:TYL) registered a decrease of 5.38% in short interest. TYL’s total short interest was 1.84M shares in November as published by FINRA. Its down 5.38% from 1.94 million shares, reported previously. With 215,200 shares average volume, it will take short sellers 9 days to cover their TYL’s short positions. The short interest to Tyler Tech Incorporated’s float is 5.55%. About 56,369 shares traded hands. Tyler Technologies, Inc. (NYSE:TYL) has risen 8.66% since April 18, 2016 and is uptrending. It has outperformed by 4.23% the S&P500.

Tyler Technologies, Inc. is a provider of information management solutions and services for the public sector, with a focus on local governments. The company has a market cap of $5.81 billion. The Firm provides professional information technology services to its clients, including software and hardware installation, data conversion, training and product modifications. It has a 89.37 P/E ratio.

Insitutional Activity: The institutional sentiment decreased to 0.85 in Q2 2016. Its down 0.30, from 1.15 in 2016Q1. The ratio dropped, as 30 funds sold all Tyler Technologies, Inc. shares owned while 93 reduced positions. 51 funds bought stakes while 91 increased positions. They now own 32.23 million shares or 0.86% more from 31.95 million shares in 2016Q1.
The California-based Assetmark has invested 0.07% in Tyler Technologies, Inc. (NYSE:TYL). Ladenburg Thalmann Finance Svcs has 0% invested in the company for 224 shares. Sg Americas Secs Llc has 13,476 shares for 0.02% of their US portfolio. Renaissance Group Inc Inc Limited Liability has 0.02% invested in the company for 2,156 shares. Texas Yale has 14,615 shares for 0.24% of their US portfolio. 1St Glob owns 7,854 shares or 0.18% of their US portfolio. Dimensional Fund Advsrs Lp last reported 0.01% of its portfolio in the stock. Us National Bank & Trust De accumulated 0% or 7,364 shares. Ashford Cap Management Inc owns 52,571 shares or 1.96% of their US portfolio. Geneva Limited holds 1.5% of its portfolio in Tyler Technologies, Inc. (NYSE:TYL) for 454,009 shares. Weaver C Barksdale And Assoc holds 0.01% or 18 shares in its portfolio. Friedberg Investment Mgmt, a Texas-based fund reported 3,400 shares. Blackrock Ltd holds 0.02% of its portfolio in Tyler Technologies, Inc. (NYSE:TYL) for 93,425 shares. Glenmede Tru Communications Na reported 350 shares or 0% of all its holdings. Allianz Asset Ag has invested 0.01% of its portfolio in Tyler Technologies, Inc. (NYSE:TYL).

Insider Transactions: Since May 27, 2016, the stock had 0 buys, and 31 selling transactions for $58.65 million net activity. MARR JOHN S JR had sold 48,897 shares worth $7.44 million. WOMBLE DUSTIN R sold $4.23M worth of Tyler Technologies, Inc. (NYSE:TYL) on Thursday, September 15. Shares for $1.35 million were sold by YEAMAN JOHN M. King Luther Jr sold $153,713 worth of stock or 988 shares. 7,500 shares with value of $1.27 million were sold by MILLER BRIAN K on Friday, September 9. 8,968 Tyler Technologies, Inc. (NYSE:TYL) shares with value of $1.52M were sold by MOORE H LYNN JR.

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

Out of 11 analysts covering Tyler Technologies (NYSE:TYL), 11 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Tyler Technologies has been the topic of 24 analyst reports since July 21, 2015 according to StockzIntelligence Inc. On Thursday, April 28 the stock rating was maintained by Maxim Group with “Buy”. As per Tuesday, September 13, the company rating was maintained by KeyBanc Capital Markets. The company was maintained on Thursday, February 11 by Maxim Group. Benchmark maintained Tyler Technologies, Inc. (NYSE:TYL) on Thursday, October 1 with “Buy” rating. The firm has “Buy” rating by Needham given on Friday, November 13. The stock has “Outperform” rating given by Northland Capital on Thursday, July 23. The stock of Tyler Technologies, Inc. (NYSE:TYL) earned “Overweight” rating by Pacific Crest on Monday, June 20. The firm has “Buy” rating given on Thursday, October 1 by Maxim Group. The company was upgraded on Monday, June 27 by Evercore. The company was maintained on Thursday, October 22 by Maxim Group.

TYL Company Profile

Tyler Technologies, Inc., incorporated on November 13, 1989, is a well-known provider of information management solutions and services for the public sector, with a focus on local governments. The Firm provides professional information technology (IT) services to its clients, including software and hardware installation, data conversion, training and product modifications. The Firm operates through two divisions: The Enterprise Software Solutions (ESS) segment, which provides municipal and county governments and schools with software systems and services for information technology and automation needs that includes back-office functions, such as financial management, courts and justice processes, planning regulatory and maintenance, and land and vital records management, and The Appraisal and Tax Software Solutions and Services (ATSS) segment, which provides systems and software that automate the appraisal and assessment of real and personal property, as well as property appraisal outsourcing services for local governments and taxing authorities. The Company’s software solutions and services are grouped in over six areas: financial management and education; courts and justice; public safety; property appraisal and tax; planning, regulatory and maintenance, and land and vital records management. The Firm provides the services, such as sales of software licenses and royalties, subscription arrangements, software services, maintenance and support, and appraisal services.

More notable recent Tyler Technologies, Inc. (NYSE:TYL) news were published by: Businesswire.com which released: “Multnomah County District Attorney’s Office Selects Tyler Technologies …” on November 17, 2016, also Barrons.com with their article: “Tyler Technologies Set to Deliver 20% Return” published on April 23, 2016, Businesswire.com published: “Washington County, Pennsylvania, Completes Successful Multi-Year Appraisal …” on November 15, 2016. More interesting news about Tyler Technologies, Inc. (NYSE:TYL) were released by: Businesswire.com and their article: “Tyler Technologies Acquires ExecuTime Software” published on June 01, 2016 as well as Businesswire.com‘s news article titled: “Tyler Technologies to Provide Case Management Solution to Circuit Clerk of …” with publication date: November 10, 2016.

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By Clifton Ray


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