Mercer Global Advisors Inc. ADV Purchases 429 Shares of Tyler Technologies, Inc. (NYSE:TYL)

Mercer Global Advisors Inc. ADV raised its position in Tyler Technologies, Inc. (NYSE:TYL) by 24.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,173 shares of the technology company’s stock after acquiring an additional 429 shares during the period. Mercer Global Advisors Inc. ADV’s holdings in Tyler Technologies were worth $1,253,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. boosted its position in shares of Tyler Technologies by 1.2% in the 4th quarter. Vanguard Group Inc. now owns 5,310,401 shares of the technology company’s stock worth $3,062,190,000 after purchasing an additional 62,420 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Tyler Technologies by 2.5% during the fourth quarter. Geode Capital Management LLC now owns 1,136,734 shares of the technology company’s stock worth $654,406,000 after acquiring an additional 27,826 shares during the last quarter. Franklin Resources Inc. increased its holdings in shares of Tyler Technologies by 7.9% during the fourth quarter. Franklin Resources Inc. now owns 984,615 shares of the technology company’s stock valued at $567,768,000 after acquiring an additional 71,869 shares in the last quarter. Massachusetts Financial Services Co. MA raised its position in shares of Tyler Technologies by 3.9% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 939,373 shares of the technology company’s stock valued at $541,680,000 after purchasing an additional 35,198 shares during the last quarter. Finally, Norges Bank acquired a new stake in Tyler Technologies in the 4th quarter worth approximately $528,465,000. 93.30% of the stock is owned by hedge funds and other institutional investors.

Tyler Technologies Stock Down 0.5 %

TYL opened at $560.06 on Friday. The company has a fifty day moving average of $563.43 and a two-hundred day moving average of $590.90. 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 fifty-two week low of $458.50 and a fifty-two week high of $661.31. The stock has a market capitalization of $24.15 billion, a price-to-earnings ratio of 92.42, a PEG ratio of 4.93 and a beta of 0.88.

Tyler Technologies (NYSE:TYL) last released its quarterly earnings results on Wednesday, April 23rd. The technology company reported $2.78 earnings per share for the quarter, topping analysts’ consensus estimates of $2.56 by $0.22. Tyler Technologies had a return on equity of 10.15% and a net margin of 12.30%. The company had revenue of $562.43 million during the quarter, compared to analysts’ expectations of $556.45 million. During the same quarter in the prior year, the firm posted $2.20 EPS. Tyler Technologies’s quarterly revenue was up 10.3% compared to the same quarter last year. On average, research analysts expect that Tyler Technologies, Inc. will post 8.52 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts have issued reports on TYL shares. Needham & Company LLC reaffirmed a “buy” rating and issued a $750.00 price target on shares of Tyler Technologies in a report on Thursday, April 24th. Wells Fargo & Company lowered their price target on Tyler Technologies from $640.00 to $610.00 and set an “equal weight” rating for the company in a research report on Tuesday, April 22nd. The Goldman Sachs Group increased their price objective on Tyler Technologies from $660.00 to $728.00 and gave the company a “buy” rating in a report on Tuesday, February 18th. Barclays decreased their target price on Tyler Technologies from $700.00 to $695.00 and set an “overweight” rating for the company in a report on Friday, April 25th. Finally, DA Davidson cut their price target on shares of Tyler Technologies from $595.00 to $570.00 and set a “neutral” rating on the stock in a report on Friday, April 25th. Three research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, Tyler Technologies presently has an average rating of “Moderate Buy” and an average target price of $674.67.

Insider Activity at Tyler Technologies

In other news, CFO Brian K. Miller sold 1,033 shares of Tyler Technologies stock in a transaction that occurred on Wednesday, May 7th. The stock was sold at an average price of $557.45, for a total value of $575,845.85. Following the sale, the chief financial officer now directly owns 13,028 shares of the company’s stock, valued at $7,262,458.60. The trade was a 7.35 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider John S. Marr, Jr. sold 6,000 shares of the firm’s stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $619.00, for a total value of $3,714,000.00. Following the completion of the transaction, the insider now owns 6,983 shares in the company, valued at $4,322,477. The trade was a 46.21 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 15,462 shares of company stock valued at $9,464,626. 1.10% of the stock is owned by company 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.