Morningstar Investment Services LLC Buys New Stake in Tyler Technologies, Inc. (NYSE:TYL)

Morningstar Investment Services LLC bought a new stake in shares of Tyler Technologies, Inc. (NYSE:TYLFree Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 1,090 shares of the technology company’s stock, valued at approximately $456,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Livforsakringsbolaget Skandia Omsesidigt acquired a new position in shares of Tyler Technologies in the fourth quarter worth about $31,000. Headlands Technologies LLC acquired a new position in shares of Tyler Technologies in the fourth quarter worth about $40,000. Lindbrook Capital LLC raised its position in shares of Tyler Technologies by 50.6% in the fourth quarter. Lindbrook Capital LLC now owns 116 shares of the technology company’s stock worth $49,000 after acquiring an additional 39 shares during the period. Chilton Capital Management LLC acquired a new position in shares of Tyler Technologies in the fourth quarter worth about $52,000. Finally, Headinvest LLC acquired a new position in shares of Tyler Technologies in the third quarter worth about $78,000. 93.30% of the stock is currently owned by institutional investors and hedge funds.

Tyler Technologies Stock Up 0.1 %

Shares of NYSE TYL opened at $481.84 on Friday. Tyler Technologies, Inc. has a 12-month low of $361.16 and a 12-month high of $500.49. The stock has a market cap of $20.46 billion, a PE ratio of 109.01, a P/E/G ratio of 4.52 and a beta of 0.74. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.20. The company has a 50-day moving average of $455.26 and a 200 day moving average of $433.72.

Tyler Technologies (NYSE:TYLGet Free Report) last posted its quarterly earnings results on Wednesday, April 24th. The technology company reported $1.74 earnings per share for the quarter, beating the consensus estimate of $1.48 by $0.26. Tyler Technologies had a net margin of 9.50% and a return on equity of 9.35%. The business had revenue of $512.36 million during the quarter, compared to analysts’ expectations of $507.79 million. As a group, sell-side analysts predict that Tyler Technologies, Inc. will post 7.1 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have weighed in on TYL shares. Truist Financial reiterated a “buy” rating and issued a $560.00 price objective (up previously from $510.00) on shares of Tyler Technologies in a research report on Thursday, May 23rd. BTIG Research upped their price target on shares of Tyler Technologies from $515.00 to $550.00 and gave the stock a “buy” rating in a research report on Wednesday, May 22nd. Robert W. Baird upped their price target on shares of Tyler Technologies from $500.00 to $525.00 and gave the stock an “outperform” rating in a research report on Friday, April 26th. DA Davidson upped their price target on shares of Tyler Technologies from $412.00 to $434.00 and gave the stock a “neutral” rating in a research report on Thursday, February 22nd. Finally, Piper Sandler restated an “overweight” rating and set a $520.00 price target on shares of Tyler Technologies in a research report on Wednesday, April 24th. Three research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $519.09.

Read Our Latest Analysis on Tyler Technologies

Insider Activity

In other news, insider John S. Marr, Jr. sold 6,500 shares of the stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $427.82, for a total value of $2,780,830.00. Following the completion of the sale, the insider now owns 6,400 shares of the company’s stock, valued at approximately $2,738,048. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In related news, Director Daniel M. Pope sold 520 shares of the stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $491.18, for a total transaction of $255,413.60. Following the completion of the transaction, the director now owns 3,493 shares of the company’s stock, valued at approximately $1,715,691.74. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider John S. Marr, Jr. sold 6,500 shares of the 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 directly owns 6,400 shares of the company’s stock, valued at approximately $2,738,048. The disclosure for this sale can be found here. Insiders sold a total of 31,941 shares of company stock valued at $14,893,296 in the last 90 days. Company insiders own 2.20% of the company’s stock.

Tyler Technologies Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Tyler Technologies (NYSE:TYL)

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