Postrock Partners LLC Acquires New Holdings in Tyler Technologies, Inc. (NYSE:TYL)

Postrock Partners LLC bought a new stake in Tyler Technologies, Inc. (NYSE:TYL) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 630 shares of the technology company’s stock, valued at approximately $363,000.

A number of other large investors have also modified their holdings of the business. Commonwealth Equity Services LLC raised its position in shares of Tyler Technologies by 37.1% in the fourth quarter. Commonwealth Equity Services LLC now owns 11,968 shares of the technology company’s stock valued at $6,901,000 after buying an additional 3,241 shares during the last quarter. Skandinaviska Enskilda Banken AB publ grew its position in shares of Tyler Technologies by 3.7% during the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 67,928 shares of the technology company’s stock worth $39,333,000 after buying an additional 2,420 shares in the last quarter. Avantax Advisory Services Inc. boosted its holdings in Tyler Technologies by 33.0% in the fourth quarter. Avantax Advisory Services Inc. now owns 3,838 shares of the technology company’s stock worth $2,213,000 after purchasing an additional 952 shares during the period. EverSource Wealth Advisors LLC increased its position in Tyler Technologies by 1,666.7% in the fourth quarter. EverSource Wealth Advisors LLC now owns 477 shares of the technology company’s stock worth $275,000 after buying an additional 450 shares during the period. Finally, Wealthfront Advisers LLC increased its position in Tyler Technologies by 8,973.6% in the 4th quarter. Wealthfront Advisers LLC now owns 154,433 shares of the technology company’s stock valued at $89,052,000 after acquiring an additional 152,731 shares during the period. 93.30% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

TYL has been the subject of a number of analyst reports. Needham & Company LLC reaffirmed a “buy” rating and set a $700.00 price objective on shares of Tyler Technologies in a research note on Tuesday, January 21st. Barclays lifted their target price on Tyler Technologies from $705.00 to $715.00 and gave the stock an “overweight” rating in a research report on Friday, February 14th. Piper Sandler increased their target price on shares of Tyler Technologies from $701.00 to $747.00 and gave the stock an “overweight” rating in a research report on Friday, February 14th. Truist Financial reaffirmed a “buy” rating and set a $775.00 price target (up previously from $685.00) on shares of Tyler Technologies in a research note on Friday, February 14th. Finally, Wells Fargo & Company reiterated an “equal weight” rating and issued a $615.00 price objective (down from $670.00) on shares of Tyler Technologies in a research report on Tuesday, January 7th. Four research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $676.25.

Insider Transactions at Tyler Technologies

In other news, CEO H Lynn Moore, Jr. sold 6,514 shares of the stock in a transaction that occurred on 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 directly owns 75,734 shares in the company, valued at approximately $46,772,561.06. This trade represents a 7.92 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider John S. Marr, Jr. sold 6,000 shares of Tyler Technologies stock in a transaction dated 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. This trade represents a 46.21 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 14,064 shares of company stock valued at $8,688,030. 2.20% of the stock is currently owned by corporate insiders.

Tyler Technologies Stock Down 2.8 %

Shares of NYSE:TYL opened at $552.87 on Friday. The stock’s 50-day moving average price is $599.39 and its 200-day moving average price is $598.60. 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 stock has a market capitalization of $23.78 billion, a P/E ratio of 91.23, a price-to-earnings-growth ratio of 4.93 and a beta of 0.80. Tyler Technologies, Inc. has a 12-month low of $397.80 and a 12-month high of $661.31.

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

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.