Oak Thistle LLC Purchases 1,586 Shares of Tyler Technologies, Inc. (NYSE:TYL)

Oak Thistle LLC grew its position in shares of Tyler Technologies, Inc. (NYSE:TYL) by 213.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,328 shares of the technology company’s stock after acquiring an additional 1,586 shares during the period. Oak Thistle LLC’s holdings in Tyler Technologies were worth $1,342,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of TYL. Ashton Thomas Securities LLC bought a new position in Tyler Technologies during the 3rd quarter valued at approximately $27,000. Tobam purchased a new stake in Tyler Technologies in the third quarter worth $78,000. Quarry LP bought a new stake in Tyler Technologies in the third quarter valued at $78,000. Brooklyn Investment Group purchased a new position in Tyler Technologies during the 3rd quarter valued at $79,000. Finally, Mowery & Schoenfeld Wealth Management LLC purchased a new position in Tyler Technologies during the 3rd quarter valued at $82,000. 93.30% of the stock is owned by institutional investors.

Insider Buying and Selling at Tyler Technologies

In other news, CFO Brian K. Miller sold 3,000 shares of the company’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $602.72, for a total transaction of $1,808,160.00. Following the transaction, the chief financial officer now directly owns 11,950 shares of the company’s stock, valued at $7,202,504. This represents a 20.07 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO H Lynn Moore, Jr. sold 6,250 shares of the business’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $605.82, for a total value of $3,786,375.00. Following the completion of the transaction, the chief executive officer now directly owns 75,000 shares of the company’s stock, valued at approximately $45,436,500. This trade represents a 7.69 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 42,252 shares of company stock worth $26,096,928. Insiders own 1.50% of the company’s stock.

Tyler Technologies Stock Performance

Shares of TYL stock opened at $569.97 on Wednesday. The company has a market capitalization of $24.39 billion, a price-to-earnings ratio of 104.01, a price-to-earnings-growth ratio of 5.54 and a beta of 0.78. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.21 and a current ratio of 1.21. Tyler Technologies, Inc. has a one year low of $397.80 and a one year high of $638.56. The company’s 50-day moving average is $603.11 and its 200 day moving average is $582.71.

Tyler Technologies (NYSE:TYL) last posted its quarterly earnings results on Wednesday, October 23rd. The technology company reported $2.52 EPS for the quarter, beating analysts’ consensus estimates of $2.43 by $0.09. Tyler Technologies had a net margin of 11.39% and a return on equity of 9.79%. The firm had revenue of $543.34 million for the quarter, compared to analysts’ expectations of $547.34 million. During the same quarter in the prior year, the company posted $1.66 earnings per share. The business’s revenue for the quarter was up 9.8% on a year-over-year basis. Sell-side analysts expect that Tyler Technologies, Inc. will post 7.36 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms have recently commented on TYL. JMP Securities raised their target price on shares of Tyler Technologies from $580.00 to $700.00 and gave the stock a “market outperform” rating in a research report on Friday, October 25th. DA Davidson lifted their price objective on Tyler Technologies from $525.00 to $550.00 and gave the company a “neutral” rating in a research report on Thursday, October 17th. Oppenheimer upped their target price on Tyler Technologies from $625.00 to $700.00 and gave the stock an “outperform” rating in a report on Friday, October 25th. Wells Fargo & Company restated an “equal weight” rating and issued a $615.00 target price (down previously from $670.00) on shares of Tyler Technologies in a research note on Tuesday, January 7th. Finally, Barclays upped their price target on Tyler Technologies from $700.00 to $705.00 and gave the stock an “overweight” rating in a research note on Friday, October 25th. Four investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, Tyler Technologies presently has a consensus rating of “Moderate Buy” and an average target price of $643.77.

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.