PNC Financial Services Group Inc. Raises Stock Position in Tyler Technologies, Inc. (NYSE:TYL)

PNC Financial Services Group Inc. grew its holdings in Tyler Technologies, Inc. (NYSE:TYL) by 1.5% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 7,370 shares of the technology company’s stock after buying an additional 112 shares during the period. PNC Financial Services Group Inc.’s holdings in Tyler Technologies were worth $3,082,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in TYL. Baron Wealth Management LLC boosted its stake in shares of Tyler Technologies by 2.0% during the 4th quarter. Baron Wealth Management LLC now owns 1,463 shares of the technology company’s stock worth $612,000 after purchasing an additional 29 shares during the period. Centered Wealth LLC dba Miller Equity Capital Advisors boosted its stake in shares of Tyler Technologies by 0.8% during the 4th quarter. Centered Wealth LLC dba Miller Equity Capital Advisors now owns 3,920 shares of the technology company’s stock worth $1,639,000 after purchasing an additional 30 shares during the period. Avantax Advisory Services Inc. boosted its stake in shares of Tyler Technologies by 5.2% during the 4th quarter. Avantax Advisory Services Inc. now owns 670 shares of the technology company’s stock worth $280,000 after purchasing an additional 33 shares during the period. Janney Montgomery Scott LLC boosted its stake in shares of Tyler Technologies by 0.3% during the 4th quarter. Janney Montgomery Scott LLC now owns 10,965 shares of the technology company’s stock worth $4,585,000 after purchasing an additional 34 shares during the period. Finally, Allred Capital Management LLC boosted its stake in shares of Tyler Technologies by 0.8% during the 3rd quarter. Allred Capital Management LLC now owns 4,663 shares of the technology company’s stock worth $1,801,000 after purchasing an additional 36 shares during the period. 93.30% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

TYL has been the subject of a number of recent analyst reports. BTIG Research lifted their price target on shares of Tyler Technologies from $515.00 to $550.00 and gave the stock a “buy” rating in a research note on Wednesday. Truist Financial reiterated a “buy” rating and set a $560.00 price objective (up previously from $510.00) on shares of Tyler Technologies in a report on Thursday. Robert W. Baird lifted their price objective on shares of Tyler Technologies from $500.00 to $525.00 and gave the company an “outperform” rating in a report on Friday, April 26th. Piper Sandler reiterated an “overweight” rating and set a $520.00 price objective on shares of Tyler Technologies in a report on Wednesday, April 24th. Finally, Oppenheimer lifted their price objective on shares of Tyler Technologies from $500.00 to $550.00 and gave the company an “outperform” rating in a report on Wednesday. Three equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $519.09.

Insider Buying and Selling

In related news, insider John S. Marr, Jr. sold 6,500 shares of the business’s 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 transaction, the insider now owns 6,400 shares in the company, valued at approximately $2,809,472. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, insider John S. Marr, Jr. sold 6,500 shares of the business’s 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 transaction, the insider now owns 6,400 shares in the company, valued at approximately $2,809,472. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Brian K. Miller sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $442.99, for a total transaction of $2,214,950.00. Following 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. Insiders sold a total of 46,049 shares of company stock worth $20,727,935 in the last 90 days. 2.20% of the stock is owned by corporate insiders.

Tyler Technologies Trading Up 0.2 %

NYSE:TYL opened at $492.05 on Friday. Tyler Technologies, Inc. has a one year low of $361.16 and a one year high of $500.49. 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 firm has a market cap of $20.89 billion, a P/E ratio of 111.32, a P/E/G ratio of 4.59 and a beta of 0.76. The firm has a 50-day simple moving average of $443.38 and a 200-day simple moving average of $429.19.

Tyler Technologies (NYSE:TYL) last posted its quarterly earnings results on Wednesday, April 24th. The technology company reported $1.74 EPS 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 analyst estimates of $507.79 million. Equities analysts anticipate that Tyler Technologies, Inc. will post 7.14 EPS for the current fiscal year.

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.