Goldman Sachs Group Inc. Purchases 44,680 Shares of Tyler Technologies, Inc. (NYSE:TYL)

Goldman Sachs Group Inc. increased its position in shares of Tyler Technologies, Inc. (NYSE:TYLFree Report) by 23.2% during the fourth quarter, HoldingsChannel.com reports. The fund owned 237,677 shares of the technology company’s stock after acquiring an additional 44,680 shares during the period. Goldman Sachs Group Inc.’s holdings in Tyler Technologies were worth $99,378,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of TYL. International Assets Investment Management LLC grew its holdings in shares of Tyler Technologies by 41,712.0% during the fourth quarter. International Assets Investment Management LLC now owns 52,265 shares of the technology company’s stock worth $21,853,000 after purchasing an additional 52,140 shares in the last quarter. APG Asset Management US Inc. purchased a new stake in shares of Tyler Technologies during the 4th quarter valued at $57,493,000. Rafferty Asset Management LLC lifted its holdings in shares of Tyler Technologies by 26.8% during the 4th quarter. Rafferty Asset Management LLC now owns 13,972 shares of the technology company’s stock worth $5,842,000 after acquiring an additional 2,951 shares during the last quarter. Raymond James Trust N.A. grew its position in Tyler Technologies by 4.9% in the fourth quarter. Raymond James Trust N.A. now owns 1,515 shares of the technology company’s stock worth $633,000 after acquiring an additional 71 shares in the last quarter. Finally, Nordea Investment Management AB increased its stake in Tyler Technologies by 4.6% in the fourth quarter. Nordea Investment Management AB now owns 2,600 shares of the technology company’s stock valued at $1,091,000 after acquiring an additional 115 shares during the last quarter. 93.30% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on TYL shares. Piper Sandler reiterated an “overweight” rating and issued a $520.00 price objective on shares of Tyler Technologies in a report on Wednesday, April 24th. Truist Financial reiterated a “buy” rating and set a $560.00 price target (up from $510.00) on shares of Tyler Technologies in a research report on Thursday, May 23rd. Robert W. Baird boosted their price objective on shares of Tyler Technologies from $500.00 to $525.00 and gave the stock an “outperform” rating in a report on Friday, April 26th. Needham & Company LLC increased their target price on shares of Tyler Technologies from $500.00 to $600.00 and gave the company a “buy” rating in a report on Tuesday, May 21st. Finally, Oppenheimer boosted their price target on shares of Tyler Technologies from $500.00 to $550.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 22nd. Three equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, Tyler Technologies has a consensus rating of “Moderate Buy” and a consensus target price of $519.09.

View Our Latest Analysis on Tyler Technologies

Tyler Technologies Price Performance

Shares of Tyler Technologies stock opened at $477.02 on Tuesday. The company’s fifty day simple moving average is $456.47 and its two-hundred day simple moving average is $434.49. Tyler Technologies, Inc. has a 12-month low of $361.16 and a 12-month high of $500.49. The firm has a market cap of $20.25 billion, a PE ratio of 107.92, a price-to-earnings-growth ratio of 4.53 and a beta of 0.74. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.20.

Tyler Technologies (NYSE:TYLGet Free Report) last posted its earnings results on Wednesday, April 24th. The technology company reported $1.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.48 by $0.26. The company had revenue of $512.36 million for the quarter, compared to analysts’ expectations of $507.79 million. Tyler Technologies had a return on equity of 9.35% and a net margin of 9.50%. As a group, equities analysts expect that Tyler Technologies, Inc. will post 7.1 EPS for the current year.

Insider Buying and Selling

In other Tyler Technologies news, Director Brenda A. Cline sold 5,000 shares of the business’s stock in a transaction on Monday, April 29th. The shares were sold at an average price of $458.83, for a total transaction of $2,294,150.00. Following the transaction, the director now directly owns 1,358 shares of the company’s stock, valued at approximately $623,091.14. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, Director Daniel M. Pope sold 520 shares of Tyler Technologies stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of $491.18, for a total transaction of $255,413.60. Following the sale, the director now directly owns 3,493 shares in the company, valued at $1,715,691.74. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Brenda A. Cline sold 5,000 shares of the stock in a transaction on Monday, April 29th. The stock was sold at an average price of $458.83, for a total value of $2,294,150.00. Following the completion of the transaction, the director now owns 1,358 shares of the company’s stock, valued at approximately $623,091.14. The disclosure for this sale can be found here. Insiders sold 25,441 shares of company stock valued at $12,112,466 over the last quarter. 1.50% of the stock is owned by company insiders.

About Tyler Technologies

(Free Report)

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.

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

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