2,773 Shares in Tyler Technologies, Inc. (NYSE:TYL) Acquired by WCM Investment Management LLC

WCM Investment Management LLC bought a new position in shares of Tyler Technologies, Inc. (NYSE:TYL) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor bought 2,773 shares of the technology company’s stock, valued at approximately $1,160,000.

Several other large investors have also recently added to or reduced their stakes in the business. American Century Companies Inc. grew its holdings in Tyler Technologies by 13.1% during the 1st quarter. American Century Companies Inc. now owns 1,328 shares of the technology company’s stock worth $591,000 after acquiring an additional 154 shares in the last quarter. Panagora Asset Management Inc. grew its holdings in Tyler Technologies by 69.1% during the 1st quarter. Panagora Asset Management Inc. now owns 2,431 shares of the technology company’s stock worth $1,082,000 after acquiring an additional 993 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in Tyler Technologies by 6.6% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 5,483 shares of the technology company’s stock worth $2,439,000 after acquiring an additional 340 shares in the last quarter. Raymond James Trust N.A. grew its holdings in Tyler Technologies by 4.3% during the 1st quarter. Raymond James Trust N.A. now owns 1,047 shares of the technology company’s stock worth $466,000 after acquiring an additional 43 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of Tyler Technologies by 0.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 118,419 shares of the technology company’s stock valued at $52,683,000 after buying an additional 934 shares in the last quarter. 93.30% of the stock is owned by hedge funds and other institutional investors.

Tyler Technologies Stock Up 0.1 %

Shares of Tyler Technologies stock opened at $413.36 on Monday. The company has a market cap of $17.54 billion, a P/E ratio of 106.26, a PEG ratio of 4.07 and a beta of 0.81. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.86 and a current ratio of 0.86. Tyler Technologies, Inc. has a one year low of $358.06 and a one year high of $454.74. The firm has a fifty day moving average of $426.66 and a two-hundred day moving average of $413.47.

Tyler Technologies (NYSE:TYL) last announced its quarterly earnings data on Wednesday, February 14th. The technology company reported $1.39 EPS for the quarter, topping analysts’ consensus estimates of $1.33 by $0.06. The company had revenue of $480.94 million during the quarter, compared to the consensus estimate of $483.34 million. Tyler Technologies had a net margin of 8.50% and a return on equity of 8.85%. On average, analysts forecast that Tyler Technologies, Inc. will post 6.77 earnings per share for the current year.

Insiders Place Their Bets

In other news, CEO H Lynn Moore, Jr. sold 10,000 shares of the stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $435.98, for a total value of $4,359,800.00. Following the completion of the transaction, the chief executive officer now owns 75,000 shares in the company, valued at approximately $32,698,500. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CEO H Lynn Moore, Jr. sold 10,000 shares of the stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $435.98, for a total value of $4,359,800.00. Following the completion of the transaction, the chief executive officer now owns 75,000 shares in the company, valued at approximately $32,698,500. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Brian K. Miller sold 5,000 shares of the stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $442.99, for a total transaction of $2,214,950.00. Following the completion of the transaction, the chief financial officer now owns 14,610 shares of the company’s stock, valued at approximately $6,472,083.90. The disclosure for this sale can be found here. In the last quarter, insiders sold 50,608 shares of company stock worth $21,974,819. 1.50% of the stock is owned by insiders.

Analyst Ratings Changes

TYL has been the subject of several research analyst reports. JPMorgan Chase & Co. upped their target price on shares of Tyler Technologies from $500.00 to $526.00 and gave the company an “overweight” rating in a report on Thursday, February 15th. Needham & Company LLC upped their target price on shares of Tyler Technologies from $475.00 to $500.00 and gave the company a “buy” rating in a report on Thursday, February 15th. JMP Securities restated a “market outperform” rating and issued a $490.00 target price on shares of Tyler Technologies in a report on Friday, February 16th. Piper Sandler upped their target price on shares of Tyler Technologies from $480.00 to $520.00 and gave the company an “overweight” rating in a report on Friday, February 16th. Finally, DA Davidson upped their target price on shares of Tyler Technologies from $412.00 to $434.00 and gave the company a “neutral” rating in a report on Thursday, February 22nd. Three equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $457.86.

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.