Franklin Resources Inc. Has $567.77 Million Holdings in Tyler Technologies, Inc. (NYSE:TYL)

Franklin Resources Inc. boosted its position in shares of Tyler Technologies, Inc. (NYSE:TYL) by 7.9% in the fourth quarter, Holdings Channel reports. The fund owned 984,615 shares of the technology company’s stock after acquiring an additional 71,869 shares during the period. Franklin Resources Inc.’s holdings in Tyler Technologies were worth $567,768,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of TYL. Wellington Management Group LLP boosted its stake in Tyler Technologies by 28.4% during the 4th quarter. Wellington Management Group LLP now owns 193,246 shares of the technology company’s stock valued at $111,433,000 after purchasing an additional 42,771 shares during the period. O Shaughnessy Asset Management LLC increased its position in Tyler Technologies by 47.0% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 3,521 shares of the technology company’s stock worth $2,030,000 after buying an additional 1,126 shares during the period. Martin Currie Ltd. boosted its position in shares of Tyler Technologies by 50.5% in the fourth quarter. Martin Currie Ltd. now owns 1,807 shares of the technology company’s stock valued at $1,042,000 after acquiring an additional 606 shares during the period. IPG Investment Advisors LLC bought a new stake in shares of Tyler Technologies in the fourth quarter valued at approximately $1,192,000. Finally, Arrowstreet Capital Limited Partnership grew its stake in shares of Tyler Technologies by 195.4% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 39,098 shares of the technology company’s stock worth $22,545,000 after acquiring an additional 25,861 shares during the last quarter. 93.30% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, CEO H Lynn Moore, Jr. sold 6,514 shares of the company’s stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $617.59, for a total transaction of $4,022,981.26. Following the transaction, the chief executive officer now owns 75,734 shares in the company, valued at $46,772,561.06. This represents a 7.92 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider John S. Marr, Jr. sold 6,000 shares of the firm’s stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $619.00, for a total transaction of $3,714,000.00. Following the completion of the sale, the insider now owns 6,983 shares of the company’s stock, valued at $4,322,477. The trade was a 46.21 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 14,064 shares of company stock worth $8,688,030 in the last three months. Insiders own 2.20% of the company’s stock.

Tyler Technologies Stock Up 0.3 %

Shares of NYSE:TYL opened at $581.12 on Tuesday. The company’s fifty day moving average is $599.99 and its 200-day moving average is $597.70. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.21 and a current ratio of 1.35. Tyler Technologies, Inc. has a 52 week low of $397.80 and a 52 week high of $661.31. The company has a market capitalization of $25.05 billion, a PE ratio of 95.89, a P/E/G ratio of 4.93 and a beta of 0.80.

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

Analyst Ratings Changes

Several analysts have issued reports on the stock. Truist Financial restated a “buy” rating and issued a $775.00 price target (up from $685.00) on shares of Tyler Technologies in a research report on Friday, February 14th. StockNews.com lowered Tyler Technologies from a “buy” rating to a “hold” rating in a research note on Monday, February 24th. Barclays raised their price objective on Tyler Technologies from $705.00 to $715.00 and gave the stock an “overweight” rating in a research report on Friday, February 14th. DA Davidson restated a “neutral” rating and set a $575.00 price objective on shares of Tyler Technologies in a research report on Thursday, January 30th. Finally, Piper Sandler raised their target price on Tyler Technologies from $701.00 to $747.00 and gave the stock an “overweight” rating in a research report on Friday, February 14th. Four investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $676.25.

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.