Conestoga Capital Advisors Has Trimmed Holding in Neogen (NEOG) by $9.56 Million; Sq Advisors Has Decreased Its Position in Tyler Technologies (TYL) by $2.54 Million

September 14, 2018 - By Margaret Staats

Tyler Technologies, Inc. (NYSE:TYL) Logo

Conestoga Capital Advisors Llc decreased its stake in Neogen Corp (NEOG) by 8.63% based on its latest 2018Q2 regulatory filing with the SEC. Conestoga Capital Advisors Llc sold 119,470 shares as the company’s stock rose 19.05% with the market. The institutional investor held 1.27M shares of the in vitro & in vivo diagnostic substances company at the end of 2018Q2, valued at $101.45 million, down from 1.38M at the end of the previous reported quarter. Conestoga Capital Advisors Llc who had been investing in Neogen Corp for a number of months, seems to be less bullish one the $4.97 billion market cap company. The stock increased 2.20% or $2.07 during the last trading session, reaching $95.96. About 79,344 shares traded. Neogen Corporation (NASDAQ:NEOG) has risen 77.07% since September 14, 2017 and is uptrending. It has outperformed by 61.45% the S&P500. Some Historical NEOG News: 22/03/2018 NEOGEN 3Q REV. $95.9M, EST. $97.9M; 06/04/2018 – Jerome Hagedorn Named Neogen VP of Food Safety Ops; 17/05/2018 – Consolidated Research: 2018 Summary Expectations for TrueCar, Roadrunner Transportation, Eldorado Gold, Neogen, Ashford Hospita; 22/03/2018 – Neogen 3Q Rev $95.9M; 06/04/2018 – Hagedorn named Neogen VP of food safety operations; 22/03/2018 – Neogen 3Q EPS 32c; 19/04/2018 – Neogen names Donofrio VP of Food Safety R&D; 22/03/2018 – NEOGEN 3Q EPS 32C, EST. 23C; 20/04/2018 – DJ Neogen Corporation, Inst Holders, 1Q 2018 (NEOG); 22/03/2018 – NEOGEN 3Q SPLIT ADJ. EPS 32C

Sq Advisors Llc decreased its stake in Tyler Technologies Inc (TYL) by 1.3% based on its latest 2018Q2 regulatory filing with the SEC. Sq Advisors Llc sold 11,432 shares as the company’s stock rose 6.17% with the market. The hedge fund held 867,035 shares of the technology company at the end of 2018Q2, valued at $192.57M, down from 878,467 at the end of the previous reported quarter. Sq Advisors Llc who had been investing in Tyler Technologies Inc for a number of months, seems to be less bullish one the $9.66 billion market cap company. The stock increased 0.83% or $2.06 during the last trading session, reaching $249.99. About 92,074 shares traded. Tyler Technologies, Inc. (NYSE:TYL) has risen 45.73% since September 14, 2017 and is uptrending. It has outperformed by 30.11% the S&P500. Some Historical TYL News: 27/03/2018 – Second-Largest School District in Pennsylvania Selects Tyler Technologies’ Enterprise Resource Planning Solution; 10/05/2018 – TYLER: H. LYNN MOORE JR. ADDS CEO TO TITLE; 02/05/2018 – Tyler Technologies 1Q Adj EPS $1.13; 12/04/2018 – Tyler Technologies Launches Tyler EAM; 18/04/2018 – TYLER TECHNOLOGIES TO BUY SOCRATA; 10/05/2018 – TYLER TECHNOLOGIES INC – APPOINTED PRESIDENT, H. LYNN MOORE JR., AS CHIEF EXECUTIVE OFFICER, EFFECTIVE MAY 10, 2018; 08/05/2018 – Community ISD in Texas Selects Tyler Technologies’ Solutions for Student Information and Financial Management; 21/03/2018 – Tyler Tech at Non-Deal Roadshow Hosted By Northland Today; 10/05/2018 – Tyler Technologies Annuonces John Marr Assumes the Role of Executive Chairman and Continue to Serve as the Chairman; 10/05/2018 – TYLER TECHNOLOGIES REPORTS CEO TRANSITION

Another recent and important Neogen Corporation (NASDAQ:NEOG) news was published by Seekingalpha.com which published an article titled: “Neogen acquires genetic services provider for cattle breeding” on September 05, 2018.

Conestoga Capital Advisors Llc, which manages about $1.75 billion and $3.11 billion US Long portfolio, upped its stake in Trex Co Inc (NYSE:TREX) by 734,753 shares to 1.39 million shares, valued at $86.70 million in 2018Q2, according to the filing. It also increased its holding in Descartes Sys Group Inc (NASDAQ:DSGX) by 158,740 shares in the quarter, for a total of 2.92 million shares, and has risen its stake in Healthcare Svcs Grp Inc (NASDAQ:HCSG).

Investors sentiment decreased to 1.17 in Q2 2018. Its down 5.54, from 6.71 in 2018Q1. It worsened, as 9 investors sold NEOG shares while 73 reduced holdings. 30 funds opened positions while 66 raised stakes. 45.84 million shares or 49.60% less from 90.94 million shares in 2018Q1 were reported. Polen Cap Mgmt Ltd Liability Corporation invested in 6,460 shares. North Point Managers Oh accumulated 232,617 shares or 3.22% of the stock. Signaturefd Limited Liability reported 0% of its portfolio in Neogen Corporation (NASDAQ:NEOG). Tompkins Fincl holds 0.01% or 405 shares in its portfolio. Arizona State Retirement System owns 75,049 shares. Utd Services Automobile Association invested 0% of its portfolio in Neogen Corporation (NASDAQ:NEOG). 80,584 are owned by Deutsche Bank & Trust Ag. Rmb Cap Management Limited Liability Co has 27,001 shares for 0.05% of their portfolio. Captrust Financial Advsrs stated it has 759 shares or 0% of all its holdings. Teachers Retirement Systems Of The State Of Kentucky accumulated 16,132 shares or 0.02% of the stock. Teton Advsr Incorporated invested in 159,000 shares or 1.13% of the stock. North Star Asset reported 0.02% stake. Stephens Mngmt Gru Ltd Liability Corporation has 1.49% invested in Neogen Corporation (NASDAQ:NEOG) for 918,863 shares. National Bank Of New York Mellon Corporation invested in 0.01% or 661,634 shares. Raymond James & Assocs invested in 7,348 shares.

Among 5 analysts covering Neogen (NASDAQ:NEOG), 0 have Buy rating, 0 Sell and 5 Hold. Therefore 0 are positive. Neogen had 7 analyst reports since August 26, 2015 according to SRatingsIntel. The rating was downgraded by Zacks to “Buy” on Wednesday, August 26. The rating was downgraded by Zacks on Tuesday, September 22 to “Hold”. Roth Capital maintained it with “Hold” rating and $62.0 target in Thursday, January 4 report. The stock has “Hold” rating by Stephens on Monday, March 26. The firm earned “Hold” rating on Tuesday, December 22 by Craig Hallum.

Analysts await Neogen Corporation (NASDAQ:NEOG) to report earnings on September, 18. They expect $0.28 earnings per share, up 21.74% or $0.05 from last year’s $0.23 per share. NEOG’s profit will be $14.51 million for 85.68 P/E if the $0.28 EPS becomes a reality. After $0.33 actual earnings per share reported by Neogen Corporation for the previous quarter, Wall Street now forecasts -15.15% negative EPS growth.

Since March 23, 2018, it had 0 buys, and 21 sales for $22.39 million activity. The insider HERBERT JAMES L sold $3.17M. $1.00 million worth of stock was sold by MORRICAL TERRI A on Friday, April 6. 6,000 shares valued at $374,818 were sold by REED THOMAS H on Friday, March 23. Another trade for 6,000 shares valued at $435,000 was made by PAPESH G BRUCE on Wednesday, May 16. 500 shares were sold by BOEHM WILLIAM T, worth $34,920.

Investors sentiment is 1.21 in Q2 2018. Its the same as in 2018Q1. It is without change, as 25 investors sold TYL shares while 88 reduced holdings. only 41 funds opened positions while 96 raised stakes. 33.95 million shares or 0.03% more from 33.94 million shares in 2018Q1 were reported. Keybank Natl Association Oh accumulated 1,047 shares. Ny State Teachers Retirement holds 59,514 shares or 0.03% of its portfolio. Wms Prns Lc has 0.04% invested in Tyler Technologies, Inc. (NYSE:TYL). Louisiana State Employees Retirement Sys accumulated 0.1% or 9,600 shares. 2,011 are owned by Bell Natl Bank. State Of Alaska Department Of Revenue accumulated 4,570 shares or 0.02% of the stock. Creative Planning has invested 0% in Tyler Technologies, Inc. (NYSE:TYL). Prudential holds 0.03% or 90,233 shares. Huntington Comml Bank holds 97 shares. Trust Of Vermont holds 90 shares or 0% of its portfolio. Bard Associates reported 13,600 shares. Us Bancorp De accumulated 40,814 shares or 0.03% of the stock. Ashford Cap Mgmt invested in 2.02% or 68,998 shares. Moreover, Two Creeks Capital Management Limited Partnership has 3.91% invested in Tyler Technologies, Inc. (NYSE:TYL) for 339,415 shares. Commerzbank Aktiengesellschaft Fi has 2,650 shares for 0.01% of their portfolio.

Another recent and important Tyler Technologies, Inc. (NYSE:TYL) news was published by Bizjournals.com which published an article titled: “Here are the Houston stocks driving Wall Street’s latest bull run” on August 24, 2018.

Since May 8, 2018, it had 0 buys, and 30 insider sales for $85.71 million activity. BRATTAIN DONALD R had sold 1,500 shares worth $343,575 on Thursday, May 10. 10,000 shares were sold by MOORE H LYNN JR, worth $2.29 million on Tuesday, May 15. Another trade for 4,000 shares valued at $911,804 was sold by MILLER BRIAN K. Carter Glenn A sold 1,225 shares worth $296,937. The insider WOMBLE DUSTIN R sold 20,000 shares worth $4.71 million. $482,595 worth of stock was sold by Pope Daniel M on Friday, August 24.

Among 15 analysts covering Tyler Technologies (NYSE:TYL), 11 have Buy rating, 0 Sell and 4 Hold. Therefore 73% are positive. Tyler Technologies had 56 analyst reports since July 21, 2015 according to SRatingsIntel. The rating was maintained by Maxim Group on Thursday, February 11 with “Buy”. The firm earned “Buy” rating on Thursday, July 27 by KeyBanc Capital Markets. DA Davidson maintained Tyler Technologies, Inc. (NYSE:TYL) on Monday, April 23 with “Neutral” rating. Maxim Group upgraded the shares of TYL in report on Thursday, October 1 to “Buy” rating. The company was maintained on Thursday, February 9 by Maxim Group. The firm earned “Buy” rating on Monday, July 17 by Maxim Group. The firm has “Buy” rating given on Friday, February 19 by Needham. On Tuesday, October 17 the stock rating was downgraded by KeyBanc Capital Markets to “Sector Weight”. The stock of Tyler Technologies, Inc. (NYSE:TYL) has “Buy” rating given on Wednesday, September 20 by Northland Capital. The firm has “Buy” rating by Maxim Group given on Thursday, April 28.

Neogen Corporation (NASDAQ:NEOG) Institutional Positions Chart

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