Private Advisor Group LLC Grows Stake in Tyler Technologies, Inc. (NYSE:TYL)

Private Advisor Group LLC boosted its position in shares of Tyler Technologies, Inc. (NYSE:TYL) by 16.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 814 shares of the technology company’s stock after purchasing an additional 116 shares during the quarter. Private Advisor Group LLC’s holdings in Tyler Technologies were worth $340,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Baron Wealth Management LLC boosted its position in shares of Tyler Technologies by 2.0% in the 4th quarter. Baron Wealth Management LLC now owns 1,463 shares of the technology company’s stock worth $612,000 after buying an additional 29 shares in the last quarter. Centered Wealth LLC dba Miller Equity Capital Advisors lifted its holdings in shares of Tyler Technologies by 0.8% in the fourth quarter. Centered Wealth LLC dba Miller Equity Capital Advisors now owns 3,920 shares of the technology company’s stock valued at $1,639,000 after purchasing an additional 30 shares in the last quarter. Allred Capital Management LLC grew its position in shares of Tyler Technologies by 0.8% in the third quarter. Allred Capital Management LLC now owns 4,663 shares of the technology company’s stock valued at $1,801,000 after purchasing an additional 36 shares during the last quarter. Concord Wealth Partners increased its stake in shares of Tyler Technologies by 9.6% during the 4th quarter. Concord Wealth Partners now owns 410 shares of the technology company’s stock worth $171,000 after purchasing an additional 36 shares in the last quarter. Finally, Lindbrook Capital LLC increased its stake in shares of 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 purchasing an additional 39 shares in the last quarter. Institutional investors and hedge funds own 93.30% of the company’s stock.

Tyler Technologies Price Performance

Tyler Technologies stock opened at $497.50 on Thursday. 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 market cap of $21.12 billion, a price-to-earnings ratio of 112.56, a PEG ratio of 4.61 and a beta of 0.76. Tyler Technologies, Inc. has a 1 year low of $361.16 and a 1 year high of $500.49. The firm has a 50 day moving average price of $440.41 and a 200 day moving average price of $428.21.

Tyler Technologies (NYSE:TYL) last released its quarterly earnings data on Wednesday, April 24th. The technology company reported $1.74 EPS for the quarter, topping analysts’ consensus estimates of $1.48 by $0.26. Tyler Technologies had a return on equity of 9.35% and a net margin of 9.50%. The business had revenue of $512.36 million during the quarter, compared to the consensus estimate of $507.79 million. Sell-side analysts predict that Tyler Technologies, Inc. will post 7.14 earnings per share for the current year.

Insider Transactions at Tyler Technologies

In related news, insider John S. Marr, Jr. sold 6,500 shares of the stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $438.98, for a total transaction of $2,853,370.00. Following the completion of the sale, the insider now owns 6,400 shares of the company’s stock, valued at approximately $2,809,472. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, insider John S. Marr, Jr. sold 6,500 shares of the company’s stock in a transaction on Monday, February 26th. The shares were sold at an average price of $438.98, for a total transaction of $2,853,370.00. Following the completion of the sale, the insider now directly owns 6,400 shares of the company’s stock, valued at approximately $2,809,472. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider John S. Marr, Jr. sold 6,000 shares of the firm’s stock in a transaction dated Tuesday, May 14th. The shares were sold at an average price of $483.21, for a total value of $2,899,260.00. Following the completion of the transaction, the insider now directly owns 6,983 shares in the company, valued at $3,374,255.43. The disclosure for this sale can be found here. Insiders have sold a total of 52,549 shares of company stock worth $23,571,620 in the last three months. 1.50% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

TYL has been the topic of a number of analyst reports. DA Davidson increased their target price on Tyler Technologies from $412.00 to $434.00 and gave the company a “neutral” rating in a report on Thursday, February 22nd. JPMorgan Chase & Co. increased their price objective on Tyler Technologies from $500.00 to $526.00 and gave the company an “overweight” rating in a research note on Thursday, February 15th. Needham & Company LLC boosted their target price on shares of Tyler Technologies from $500.00 to $600.00 and gave the company a “buy” rating in a research note on Tuesday. BTIG Research upped their target price on shares of Tyler Technologies from $515.00 to $550.00 and gave the company a “buy” rating in a report on Wednesday. Finally, Oppenheimer lifted their price target on shares of Tyler Technologies from $500.00 to $550.00 and gave the stock an “outperform” rating in a report on Wednesday. Three analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $514.55.

Tyler Technologies 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.