Norway Savings Bank Has $1.66 Million Stake in Tyler Technologies, Inc. (NYSE:TYL)

Norway Savings Bank increased its position in shares of Tyler Technologies, Inc. (NYSE:TYL) by 7.1% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,989 shares of the technology company’s stock after buying an additional 265 shares during the period. Norway Savings Bank’s holdings in Tyler Technologies were worth $1,661,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Barrett & Company Inc. acquired a new position in Tyler Technologies during the first quarter worth $25,000. Column Capital Advisors LLC acquired a new position in shares of Tyler Technologies in the first quarter valued at $27,000. Massmutual Trust Co. FSB ADV increased its holdings in shares of Tyler Technologies by 105.0% in the first quarter. Massmutual Trust Co. FSB ADV now owns 82 shares of the technology company’s stock valued at $29,000 after purchasing an additional 42 shares during the last quarter. Clear Street Markets LLC increased its holdings in shares of Tyler Technologies by 95.2% in the first quarter. Clear Street Markets LLC now owns 82 shares of the technology company’s stock valued at $29,000 after purchasing an additional 40 shares during the last quarter. Finally, Ruedi Wealth Management Inc. acquired a new position in shares of Tyler Technologies in the fourth quarter valued at $31,000. 91.28% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Tyler Technologies

In other news, Director Dustin R. Womble sold 2,111 shares of the company’s stock in a transaction that occurred on Wednesday, August 30th. The stock was sold at an average price of $396.87, for a total value of $837,792.57. Following the completion of the transaction, the director now owns 12,805 shares of the company’s stock, valued at $5,081,920.35. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, CEO H Lynn Moore, Jr. sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, September 1st. The stock was sold at an average price of $396.59, for a total value of $1,982,950.00. Following the completion of the transaction, the chief executive officer now owns 80,000 shares of the company’s stock, valued at $31,727,200. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Dustin R. Womble sold 2,111 shares of the company’s stock in a transaction that occurred on Wednesday, August 30th. The shares were sold at an average price of $396.87, for a total value of $837,792.57. Following the completion of the transaction, the director now directly owns 12,805 shares of the company’s stock, valued at approximately $5,081,920.35. The disclosure for this sale can be found here. Company insiders own 2.20% of the company’s stock.

Tyler Technologies Price Performance

TYL traded down $6.04 on Friday, hitting $375.38. 439,416 shares of the stock were exchanged, compared to its average volume of 146,348. Tyler Technologies, Inc. has a 12 month low of $281.11 and a 12 month high of $426.83. The business has a 50-day moving average of $392.26 and a two-hundred day moving average of $379.10. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.00 and a quick ratio of 1.00. The firm has a market capitalization of $15.80 billion, a price-to-earnings ratio of 97.00 and a beta of 0.81.

Tyler Technologies (NYSE:TYL) last posted its earnings results on Wednesday, July 26th. The technology company reported $1.53 EPS for the quarter, topping analysts’ consensus estimates of $1.36 by $0.17. The firm had revenue of $504.28 million during the quarter, compared to analysts’ expectations of $490.65 million. Tyler Technologies had a net margin of 8.64% and a return on equity of 8.94%. Sell-side analysts forecast that Tyler Technologies, Inc. will post 5.67 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

TYL has been the topic of several research reports. JPMorgan Chase & Co. initiated coverage on shares of Tyler Technologies in a report on Wednesday, June 21st. They issued an “overweight” rating and a $472.00 price objective on the stock. Robert W. Baird upped their price objective on shares of Tyler Technologies from $470.00 to $475.00 in a report on Friday, July 28th. Barclays boosted their target price on shares of Tyler Technologies from $400.00 to $425.00 and gave the company an “equal weight” rating in a research report on Friday, July 14th. StockNews.com started coverage on shares of Tyler Technologies in a research report on Thursday, August 17th. They issued a “hold” rating for the company. Finally, DA Davidson boosted their target price on shares of Tyler Technologies from $395.00 to $412.00 in a research report on Wednesday, July 19th. Four investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $440.29.

About Tyler Technologies

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 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; student information and transportation solutions for K-12 schools; and financial management systems.