TCG Advisory Services LLC Buys Shares of 1,272 Tyler Technologies, Inc. (NYSE:TYL)

TCG Advisory Services LLC bought a new position in Tyler Technologies, Inc. (NYSE:TYL) in the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 1,272 shares of the technology company’s stock, valued at approximately $532,000.

Several other institutional investors have also modified their holdings of the stock. Livforsakringsbolaget Skandia Omsesidigt purchased a new stake in shares of Tyler Technologies in the 4th quarter valued at approximately $31,000. Headlands Technologies LLC purchased a new stake in shares of Tyler Technologies in the 4th quarter valued at $40,000. Lindbrook Capital LLC lifted its stake in Tyler Technologies by 50.6% during the 4th quarter. Lindbrook Capital LLC now owns 116 shares of the technology company’s stock worth $49,000 after acquiring an additional 39 shares in the last quarter. Chilton Capital Management LLC purchased a new position in Tyler Technologies during the 4th quarter valued at about $52,000. Finally, Column Capital Advisors LLC grew its position in Tyler Technologies by 50.5% in the 3rd quarter. Column Capital Advisors LLC now owns 146 shares of the technology company’s stock valued at $56,000 after acquiring an additional 49 shares in the last quarter. Hedge funds and other institutional investors own 93.30% of the company’s stock.

Insider Activity at Tyler Technologies

In related news, Director Brenda A. Cline sold 5,000 shares of the business’s stock in a transaction on Monday, April 29th. The shares were sold at an average price of $458.83, for a total value of $2,294,150.00. Following the completion of the sale, the director now directly owns 1,358 shares of the company’s stock, valued at $623,091.14. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other Tyler Technologies news, Director Brenda A. Cline sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $458.83, for a total value of $2,294,150.00. Following the completion of the sale, the director now owns 1,358 shares in the company, valued at $623,091.14. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider John S. Marr, Jr. sold 6,500 shares of the firm’s stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $427.82, for a total transaction of $2,780,830.00. Following the transaction, the insider now owns 6,400 shares in the company, valued at $2,738,048. The disclosure for this sale can be found here. Insiders have sold 55,608 shares of company stock valued at $24,268,969 in the last ninety days. Insiders own 2.20% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. JMP Securities reissued a “market outperform” rating and set a $490.00 price target on shares of Tyler Technologies in a research report on Friday, April 26th. Robert W. Baird increased their target price on shares of Tyler Technologies from $500.00 to $525.00 and gave the stock an “outperform” rating in a report on Friday, April 26th. DA Davidson boosted their price target on shares of Tyler Technologies from $412.00 to $434.00 and gave the stock a “neutral” rating in a research note on Thursday, February 22nd. Oppenheimer increased their price objective on Tyler Technologies from $480.00 to $500.00 and gave the company an “outperform” rating in a research note on Friday, April 26th. Finally, Piper Sandler reiterated an “overweight” rating and issued a $520.00 target price on shares of Tyler Technologies in a report on Wednesday, April 24th. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, Tyler Technologies has a consensus rating of “Moderate Buy” and a consensus price target of $492.22.

Tyler Technologies Stock Up 1.0 %

NYSE TYL traded up $4.54 during trading on Friday, reaching $469.00. 176,465 shares of the company’s stock were exchanged, compared to its average volume of 259,654. Tyler Technologies, Inc. has a 1 year low of $361.16 and a 1 year high of $471.53. The stock has a market cap of $19.91 billion, a P/E ratio of 106.11, a price-to-earnings-growth ratio of 4.38 and a beta of 0.76. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.94 and a current ratio of 0.94. The company has a 50 day moving average price of $425.73 and a two-hundred day moving average price of $418.21.

Tyler Technologies (NYSE:TYL) last posted its earnings results on Wednesday, February 14th. The technology company reported $1.39 earnings per share for the quarter, topping the consensus estimate of $1.33 by $0.06. The firm had revenue of $480.94 million during the quarter, compared to analysts’ expectations of $483.34 million. Tyler Technologies had a return on equity of 9.35% and a net margin of 9.50%. On average, equities research analysts anticipate that Tyler Technologies, Inc. will post 7.14 EPS for the current fiscal year.

Tyler Technologies Company 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.