ProShare Advisors LLC Buys 888 Shares of Tyler Technologies, Inc. (NYSE:TYL)

ProShare Advisors LLC increased its stake in shares of Tyler Technologies, Inc. (NYSE:TYL) by 10.9% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 9,031 shares of the technology company’s stock after purchasing an additional 888 shares during the period. ProShare Advisors LLC’s holdings in Tyler Technologies were worth $5,208,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Larson Financial Group LLC grew its position in Tyler Technologies by 221.4% in the 4th quarter. Larson Financial Group LLC now owns 45 shares of the technology company’s stock worth $26,000 after purchasing an additional 31 shares during the period. Sierra Ocean LLC bought a new position in shares of Tyler Technologies during the 4th quarter valued at $32,000. Brown Brothers Harriman & Co. boosted its stake in shares of Tyler Technologies by 300.0% in the 4th quarter. Brown Brothers Harriman & Co. now owns 56 shares of the technology company’s stock worth $32,000 after buying an additional 42 shares during the last quarter. Kapitalo Investimentos Ltda purchased a new position in shares of Tyler Technologies in the 4th quarter worth $40,000. Finally, OFI Invest Asset Management bought a new stake in shares of Tyler Technologies in the fourth quarter worth $41,000. Institutional investors own 93.30% of the company’s stock.

Insider Transactions at Tyler Technologies

In other Tyler Technologies news, insider John S. Marr, Jr. sold 6,000 shares of Tyler Technologies 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 sale, the insider now directly owns 6,983 shares in the company, valued at approximately $4,322,477. The trade was a 46.21% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO H Lynn Moore, Jr. sold 6,514 shares of the business’s stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $617.59, for a total transaction of $4,022,981.26. Following the completion of the sale, the chief executive officer now owns 75,734 shares in the company, valued at approximately $46,772,561.06. The trade was a 7.92% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 20,462 shares of company stock valued at $12,258,926. 1.10% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. Needham & Company LLC reissued a “buy” rating and issued a $750.00 target price on shares of Tyler Technologies in a report on Tuesday, May 13th. Wells Fargo & Company reduced their price target on shares of 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 shares of Tyler Technologies from $660.00 to $728.00 and gave the stock a “buy” rating in a research note on Tuesday, February 18th. DA Davidson cut their target price on shares of Tyler Technologies from $595.00 to $570.00 and set a “neutral” rating for the company in a research report on Friday, April 25th. Finally, Piper Sandler reduced their target price on shares of Tyler Technologies from $747.00 to $708.00 and set an “overweight” rating for the company in a report on Friday, April 25th. Three analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, Tyler Technologies currently has an average rating of “Moderate Buy” and a consensus target price of $674.67.

Tyler Technologies Stock Performance

NYSE TYL opened at $576.86 on Monday. The company has a quick ratio of 1.21, a current ratio of 1.35 and a debt-to-equity ratio of 0.18. Tyler Technologies, Inc. has a twelve month low of $458.50 and a twelve month high of $661.31. The business has a 50-day moving average price of $561.21 and a 200-day moving average price of $589.43. The firm has a market cap of $24.88 billion, a price-to-earnings ratio of 95.19, a price-to-earnings-growth ratio of 4.93 and a beta of 0.88.

Tyler Technologies (NYSE:TYL) last posted its quarterly earnings results on Wednesday, April 23rd. The technology company reported $2.78 EPS 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 for the quarter, compared to analysts’ expectations of $556.45 million. During the same period in the previous year, the firm earned $2.20 EPS. The firm’s revenue was up 10.3% compared to the same quarter last year. As a group, equities research analysts predict that Tyler Technologies, Inc. will post 8.52 EPS for the current fiscal 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.