134 Shares in Tyler Technologies, Inc. (NYSE:TYL) Purchased by Tobam

Tobam bought a new position in Tyler Technologies, Inc. (NYSE:TYL) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 134 shares of the technology company’s stock, valued at approximately $78,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in TYL. Oarsman Capital Inc. raised its position in Tyler Technologies by 11.6% during the fourth quarter. Oarsman Capital Inc. now owns 3,380 shares of the technology company’s stock valued at $1,413,000 after purchasing an additional 351 shares during the period. Virtu Financial LLC raised its position in Tyler Technologies by 32.1% during the fourth quarter. Virtu Financial LLC now owns 1,071 shares of the technology company’s stock valued at $447,000 after purchasing an additional 260 shares during the period. American International Group Inc. raised its position in Tyler Technologies by 2.0% during the fourth quarter. American International Group Inc. now owns 12,875 shares of the technology company’s stock valued at $5,383,000 after purchasing an additional 254 shares during the period. Goldman Sachs Group Inc. raised its position in Tyler Technologies by 23.2% during the fourth quarter. Goldman Sachs Group Inc. now owns 237,677 shares of the technology company’s stock valued at $99,378,000 after purchasing an additional 44,680 shares during the period. Finally, Royal London Asset Management Ltd. raised its position in Tyler Technologies by 6.0% during the fourth quarter. Royal London Asset Management Ltd. now owns 16,454 shares of the technology company’s stock valued at $6,880,000 after purchasing an additional 934 shares during the period. 93.30% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Tyler Technologies news, CEO H Lynn Moore, Jr. sold 5,000 shares of the company’s stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $576.62, for a total transaction of $2,883,100.00. Following the completion of the sale, the chief executive officer now owns 75,000 shares in the company, valued at $43,246,500. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director Daniel M. Pope sold 275 shares of the stock in a transaction on Monday, July 29th. The stock was sold at an average price of $578.26, for a total transaction of $159,021.50. Following the completion of the sale, the director now owns 3,218 shares in the company, valued at approximately $1,860,840.68. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO H Lynn Moore, Jr. sold 5,000 shares of the stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $576.62, for a total value of $2,883,100.00. Following the sale, the chief executive officer now owns 75,000 shares of the company’s stock, valued at approximately $43,246,500. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 29,375 shares of company stock worth $17,049,739 over the last 90 days. Company insiders own 2.20% of the company’s stock.

Tyler Technologies Stock Up 1.3 %

Tyler Technologies stock opened at $594.10 on Friday. The business has a fifty day moving average of $581.46 and a two-hundred day moving average of $514.47. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.19. The firm has a market cap of $25.22 billion, a P/E ratio of 134.41, a P/E/G ratio of 5.47 and a beta of 0.78. Tyler Technologies, Inc. has a twelve month low of $361.16 and a twelve month high of $598.93.

Tyler Technologies (NYSE:TYL) last posted its earnings results on Wednesday, July 24th. The technology company reported $2.40 earnings per share for the quarter, topping analysts’ consensus estimates of $2.34 by $0.06. The company had revenue of $540.98 million during the quarter, compared to analyst estimates of $541.01 million. Tyler Technologies had a return on equity of 9.66% and a net margin of 10.24%. Tyler Technologies’s revenue was up 7.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.53 earnings per share. On average, analysts forecast that Tyler Technologies, Inc. will post 7.21 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on TYL shares. Truist Financial reaffirmed a “buy” rating and set a $600.00 target price (up previously from $560.00) on shares of Tyler Technologies in a research note on Friday, July 26th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $627.00 target price on shares of Tyler Technologies in a research note on Friday, September 13th. Needham & Company LLC reaffirmed a “buy” rating and set a $600.00 target price on shares of Tyler Technologies in a research note on Thursday, July 25th. Evercore ISI raised Tyler Technologies to a “hold” rating in a research note on Friday, July 26th. Finally, Oppenheimer upped their target price on Tyler Technologies from $550.00 to $625.00 and gave the company an “outperform” rating in a research note on Friday, July 26th. Two equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, Tyler Technologies currently has an average rating of “Moderate Buy” and a consensus target price of $591.77.

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 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.