Meridian Wealth Management LLC Has $517,000 Holdings in Tyler Technologies, Inc. (NYSE:TYL)

Meridian Wealth Management LLC increased its position in shares of Tyler Technologies, Inc. (NYSE:TYL) by 18.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 897 shares of the technology company’s stock after buying an additional 140 shares during the period. Meridian Wealth Management LLC’s holdings in Tyler Technologies were worth $517,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Oak Thistle LLC increased its holdings in Tyler Technologies by 213.7% during the fourth quarter. Oak Thistle LLC now owns 2,328 shares of the technology company’s stock worth $1,342,000 after buying an additional 1,586 shares during the last quarter. Aigen Investment Management LP bought a new position in Tyler Technologies during the third quarter worth $1,309,000. Maiden Cove Capital LLC bought a new position in Tyler Technologies during the third quarter worth $583,000. Assetmark Inc. boosted its position in Tyler Technologies by 9.4% during the third quarter. Assetmark Inc. now owns 9,910 shares of the technology company’s stock worth $5,785,000 after purchasing an additional 854 shares during the period. Finally, B. Metzler seel. Sohn & Co. Holding AG bought a new position in Tyler Technologies during the third quarter worth $569,000. 93.30% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have commented on TYL shares. Needham & Company LLC reaffirmed a “buy” rating and set a $700.00 price objective on shares of Tyler Technologies in a research report on Tuesday, January 21st. DA Davidson reissued a “neutral” rating and issued a $575.00 target price on shares of Tyler Technologies in a research report on Thursday, January 30th. Truist Financial reissued a “buy” rating and issued a $775.00 target price (up previously from $685.00) on shares of Tyler Technologies in a research report on Friday, February 14th. The Goldman Sachs Group boosted their target price on shares of Tyler Technologies from $660.00 to $728.00 and gave the company a “buy” rating in a research report on Tuesday, February 18th. Finally, StockNews.com cut shares of Tyler Technologies from a “buy” rating to a “hold” rating in a research report on Monday, February 24th. Four analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $676.25.

Tyler Technologies Stock Up 1.4 %

Shares of NYSE TYL opened at $626.10 on Thursday. The company has a current ratio of 1.35, a quick ratio of 1.21 and a debt-to-equity ratio of 0.18. The company has a market cap of $26.93 billion, a price-to-earnings ratio of 103.32, a PEG ratio of 4.93 and a beta of 0.78. Tyler Technologies, Inc. has a 12 month low of $397.80 and a 12 month high of $661.31. The stock has a 50-day moving average price of $599.07 and a two-hundred day moving average price of $598.26.

Tyler Technologies (NYSE:TYL) last released its quarterly earnings data on Wednesday, February 12th. The technology company reported $1.87 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.44 by ($0.57). Tyler Technologies had a net margin of 12.30% and a return on equity of 10.15%. As a group, analysts forecast that Tyler Technologies, Inc. will post 8.52 earnings per share for the current fiscal year.

Insider Activity

In other news, CFO Brian K. Miller sold 6,752 shares of the company’s stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $613.75, for a total value of $4,144,040.00. Following the completion of the transaction, the chief financial officer now owns 11,918 shares of the company’s stock, valued at $7,314,672.50. This represents a 36.16 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO H Lynn Moore, Jr. sold 6,514 shares of the company’s stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $617.59, for a total value of $4,022,981.26. Following the completion of the transaction, the chief executive officer now directly owns 75,734 shares of the company’s stock, valued at $46,772,561.06. This represents a 7.92 % decrease in their position. The disclosure for this sale can be found here. 2.20% of the stock is currently owned by insiders.

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.