Tyler Technologies, Inc. (NYSE:TYL) Shares Acquired by Motley Fool Asset Management LLC

Motley Fool Asset Management LLC raised its holdings in Tyler Technologies, Inc. (NYSE:TYL) by 1.4% during the third quarter, Holdings Channel.com reports. The firm owned 20,677 shares of the technology company’s stock after purchasing an additional 279 shares during the period. Motley Fool Asset Management LLC’s holdings in Tyler Technologies were worth $11,965,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. SG Americas Securities LLC raised its stake in shares of Tyler Technologies by 18.3% in the 2nd quarter. SG Americas Securities LLC now owns 8,117 shares of the technology company’s stock valued at $4,081,000 after acquiring an additional 1,255 shares during the period. Aigen Investment Management LP purchased a new stake in shares of Tyler Technologies in the 3rd quarter valued at approximately $1,309,000. Vaughan Nelson Investment Management L.P. raised its stake in shares of Tyler Technologies by 21.5% in the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 123,253 shares of the technology company’s stock valued at $61,969,000 after acquiring an additional 21,818 shares during the period. Swedbank AB purchased a new stake in shares of Tyler Technologies in the 2nd quarter valued at approximately $251,390,000. Finally, Maiden Cove Capital LLC purchased a new stake in shares of Tyler Technologies in the 3rd quarter valued at approximately $583,000. 93.30% of the stock is owned by hedge funds and other institutional investors.

Tyler Technologies Trading Down 0.5 %

Shares of Tyler Technologies stock opened at $622.62 on Wednesday. The stock has a market cap of $26.65 billion, a price-to-earnings ratio of 113.62, a PEG ratio of 5.66 and a beta of 0.76. The company has a fifty day simple moving average of $601.74 and a 200-day simple moving average of $559.18. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.18. Tyler Technologies, Inc. has a 12-month low of $397.80 and a 12-month high of $637.53.

Tyler Technologies (NYSE:TYL) last issued its quarterly earnings results on Wednesday, October 23rd. The technology company reported $2.52 earnings per share for the quarter, topping analysts’ consensus estimates of $2.43 by $0.09. Tyler Technologies had a net margin of 11.39% and a return on equity of 9.79%. The firm had revenue of $543.34 million during the quarter, compared to analysts’ expectations of $547.34 million. During the same quarter in the prior year, the business earned $1.66 EPS. Tyler Technologies’s quarterly revenue was up 9.8% compared to the same quarter last year. On average, equities analysts forecast that Tyler Technologies, Inc. will post 7.36 EPS for the current fiscal year.

Wall Street Analyst Weigh In

TYL has been the topic of several recent research reports. Needham & Company LLC upped their target price on shares of Tyler Technologies from $600.00 to $700.00 and gave the stock a “buy” rating in a research note on Tuesday, October 22nd. Piper Sandler upped their target price on shares of Tyler Technologies from $625.00 to $701.00 and gave the stock an “overweight” rating in a research note on Friday, October 25th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $627.00 target price on shares of Tyler Technologies in a research note on Friday, September 13th. Truist Financial reaffirmed a “buy” rating and set a $685.00 target price (up from $600.00) on shares of Tyler Technologies in a research note on Friday, October 25th. Finally, Robert W. Baird increased their price objective on shares of Tyler Technologies from $625.00 to $700.00 and gave the company an “outperform” rating in a research report on Friday, October 25th. Two research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $642.62.

Insider Transactions at Tyler Technologies

In other news, Director Glenn A. Carter sold 3,350 shares of the stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $582.57, for a total value of $1,951,609.50. Following the completion of the transaction, the director now owns 2,654 shares in the company, valued at $1,546,140.78. This trade represents a 55.80 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO H Lynn Moore, Jr. sold 3,250 shares of the stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $631.41, for a total transaction of $2,052,082.50. Following the completion of the transaction, the chief executive officer now owns 75,000 shares of the company’s stock, valued at $47,355,750. This represents a 4.15 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 40,350 shares of company stock worth $24,361,172. Company insiders own 1.50% of the company’s stock.

Tyler Technologies Profile

Tyler Technologies, Inc provides integrated information management solutions and services for the public sector. It operates in two segments, Enterprise Software and Platform Technologies. The company offers platform and transformative technology solutions, including cybersecurity for government agencies; data and insights solutions; digital solutions that helps workers and policymakers to share, communicate, and leverage data; payments solutions, such as billing, presentment, merchant onboarding, collections, reconciliation, and disbursements; platform technologies, an application development platform that enables government workers to build solutions and applications; and outdoor recreation solutions, including campsite reservations, activity registrations, licensing sales and renewals, and real-time data for conservation and park management.