Amalgamated Bank Grows Position in Tyler Technologies, Inc. (NYSE:TYL)

Amalgamated Bank raised its holdings in shares of Tyler Technologies, Inc. (NYSE:TYLGet Rating) by 3.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 11,337 shares of the technology company’s stock after purchasing an additional 331 shares during the quarter. Amalgamated Bank’s holdings in Tyler Technologies were worth $5,044,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Private Advisor Group LLC lifted its holdings in shares of Tyler Technologies by 90.0% in the fourth quarter. Private Advisor Group LLC now owns 836 shares of the technology company’s stock worth $449,000 after buying an additional 396 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Tyler Technologies by 3.0% in the fourth quarter. Geode Capital Management LLC now owns 774,761 shares of the technology company’s stock worth $415,761,000 after buying an additional 22,560 shares in the last quarter. FineMark National Bank & Trust purchased a new stake in shares of Tyler Technologies in the fourth quarter worth about $226,000. Invesco Ltd. lifted its holdings in shares of Tyler Technologies by 101.9% in the fourth quarter. Invesco Ltd. now owns 661,404 shares of the technology company’s stock worth $355,803,000 after buying an additional 333,839 shares in the last quarter. Finally, Schroder Investment Management Group lifted its holdings in shares of Tyler Technologies by 5.4% in the fourth quarter. Schroder Investment Management Group now owns 6,508 shares of the technology company’s stock worth $3,501,000 after buying an additional 335 shares in the last quarter. 89.42% of the stock is owned by hedge funds and other institutional investors.

Tyler Technologies Stock Up 0.3 %

Shares of NYSE TYL opened at $362.20 on Tuesday. Tyler Technologies, Inc. has a one year low of $300.85 and a one year high of $557.55. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.15 and a quick ratio of 1.15. The firm’s 50 day simple moving average is $380.07 and its two-hundred day simple moving average is $377.95. The stock has a market capitalization of $15.06 billion, a P/E ratio of 86.03 and a beta of 0.91.

Tyler Technologies (NYSE:TYLGet Rating) last issued its quarterly earnings results on Wednesday, July 27th. The technology company reported $1.88 EPS for the quarter, beating analysts’ consensus estimates of $1.83 by $0.05. Tyler Technologies had a net margin of 9.84% and a return on equity of 10.26%. The business had revenue of $468.70 million for the quarter, compared to analysts’ expectations of $458.50 million. During the same period last year, the business earned $1.42 earnings per share. The business’s quarterly revenue was up 16.0% on a year-over-year basis. As a group, analysts expect that Tyler Technologies, Inc. will post 5.53 EPS for the current fiscal year.

Insider Transactions at Tyler Technologies

In other news, COO Jeffrey David Puckett sold 3,906 shares of the firm’s stock in a transaction that occurred on Thursday, August 25th. The shares were sold at an average price of $390.15, for a total value of $1,523,925.90. Following the transaction, the chief operating officer now owns 3,569 shares in the company, valued at $1,392,445.35. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 2.00% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on TYL. Wolfe Research increased their price target on shares of Tyler Technologies from $400.00 to $460.00 and gave the stock an “outperform” rating in a report on Monday, August 1st. Barclays lowered their target price on shares of Tyler Technologies from $445.00 to $370.00 and set an “equal weight” rating on the stock in a research note on Tuesday, July 12th. Wells Fargo & Company raised shares of Tyler Technologies from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $425.00 to $435.00 in a research note on Tuesday, June 7th. Piper Sandler raised their target price on shares of Tyler Technologies from $405.00 to $468.00 and gave the company an “overweight” rating in a research note on Friday, July 29th. Finally, DA Davidson raised their target price on shares of Tyler Technologies to $460.00 in a research note on Tuesday, August 9th. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, Tyler Technologies currently has a consensus rating of “Moderate Buy” and an average target price of $470.55.

About Tyler Technologies

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Tyler Technologies, Inc provides integrated information management solutions and services for the public sector. The company operates in three segments: Enterprise Software; Appraisal and Tax; and NIC. It offers financial management solutions, including modular fund accounting systems for government agencies or not-for-profit entities; utility billing systems for the billing and collection of metered and non-metered services; products to automate city and county functions, such as municipal courts, parking tickets, equipment and project costing, animal and business licenses, permits and inspections, code enforcement, citizen complaint tracking, ambulance billing, fleet maintenance, and cemetery records management; and student information and transportation solutions for K-12 schools.

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

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