Cerity Partners LLC Increases Stake in Tyler Technologies, Inc. (NYSE:TYL)

Cerity Partners LLC raised its holdings in shares of Tyler Technologies, Inc. (NYSE:TYL) by 52.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 926 shares of the technology company’s stock after acquiring an additional 319 shares during the quarter. Cerity Partners LLC’s holdings in Tyler Technologies were worth $387,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in Tyler Technologies by 0.6% during the third quarter. Vanguard Group Inc. now owns 4,913,419 shares of the technology company’s stock valued at $1,897,268,000 after purchasing an additional 29,578 shares during the period. Principal Financial Group Inc. increased its holdings in Tyler Technologies by 0.4% in the 3rd quarter. Principal Financial Group Inc. now owns 1,268,954 shares of the technology company’s stock worth $489,994,000 after acquiring an additional 5,013 shares in the last quarter. Morgan Stanley raised its stake in Tyler Technologies by 21.1% during the 3rd quarter. Morgan Stanley now owns 1,015,713 shares of the technology company’s stock worth $392,208,000 after acquiring an additional 177,242 shares during the period. Invesco Ltd. lifted its holdings in Tyler Technologies by 6.5% during the third quarter. Invesco Ltd. now owns 860,928 shares of the technology company’s stock valued at $332,439,000 after purchasing an additional 52,798 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its position in shares of Tyler Technologies by 3.5% in the third quarter. Massachusetts Financial Services Co. MA now owns 823,952 shares of the technology company’s stock worth $318,161,000 after purchasing an additional 28,157 shares during the period. Institutional investors own 93.30% of the company’s stock.

Tyler Technologies Trading Up 0.6 %

Shares of TYL opened at $460.74 on Friday. The stock has a market capitalization of $19.55 billion, a PE ratio of 104.24, a P/E/G ratio of 4.12 and a beta of 0.81. The company’s fifty day moving average is $422.62 and its 200 day moving average is $414.83. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.86 and a current ratio of 0.86. Tyler Technologies, Inc. has a fifty-two week low of $361.16 and a fifty-two week high of $465.78.

Tyler Technologies (NYSE:TYL) last issued its quarterly earnings data on Wednesday, February 14th. The technology company reported $1.39 EPS for the quarter, topping analysts’ consensus estimates of $1.33 by $0.06. The business had revenue of $480.94 million during the quarter, compared to analysts’ expectations of $483.34 million. Tyler Technologies had a net margin of 9.50% and a return on equity of 9.49%. Sell-side analysts expect that Tyler Technologies, Inc. will post 6.77 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Glenn A. Carter sold 1,650 shares of the firm’s stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $437.84, for a total value of $722,436.00. Following the completion of the sale, the director now directly owns 2,011 shares of the company’s stock, valued at approximately $880,496.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Tyler Technologies news, CEO H Lynn Moore, Jr. sold 10,000 shares of the business’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $435.98, for a total transaction of $4,359,800.00. Following the transaction, the chief executive officer now owns 75,000 shares in the company, valued at $32,698,500. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Glenn A. Carter sold 1,650 shares of the firm’s stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $437.84, for a total transaction of $722,436.00. Following the completion of the sale, the director now owns 2,011 shares of the company’s stock, valued at approximately $880,496.24. The disclosure for this sale can be found here. Insiders have sold 50,608 shares of company stock valued at $21,974,819 over the last ninety days. 2.20% of the stock is owned by insiders.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. Needham & Company LLC restated a “buy” rating and set a $500.00 target price on shares of Tyler Technologies in a research note on Thursday. Piper Sandler restated an “overweight” rating and issued a $520.00 price objective on shares of Tyler Technologies in a research report on Wednesday. JPMorgan Chase & Co. increased their target price on Tyler Technologies from $500.00 to $526.00 and gave the stock an “overweight” rating in a research report on Thursday, February 15th. Robert W. Baird boosted their price target on Tyler Technologies from $500.00 to $525.00 and gave the stock an “outperform” rating in a report on Friday. Finally, DA Davidson increased their price objective on shares of Tyler Technologies from $412.00 to $434.00 and gave the company a “neutral” rating in a report on Thursday, February 22nd. Three equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $465.85.

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.