Tyler Technologies, Inc. (NYSE:TYL) Shares Bought by Signaturefd LLC

Signaturefd LLC boosted its holdings in shares of Tyler Technologies, Inc. (NYSE:TYL) by 19.7% in the third quarter, HoldingsChannel.com reports. The fund owned 627 shares of the technology company’s stock after buying an additional 103 shares during the quarter. Signaturefd LLC’s holdings in Tyler Technologies were worth $366,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Everence Capital Management Inc. raised its position in Tyler Technologies by 105.8% during the third quarter. Everence Capital Management Inc. now owns 3,540 shares of the technology company’s stock worth $2,066,000 after acquiring an additional 1,820 shares during the last quarter. Chicago Capital LLC raised its position in Tyler Technologies by 40.7% during the third quarter. Chicago Capital LLC now owns 36,343 shares of the technology company’s stock worth $21,214,000 after acquiring an additional 10,505 shares during the last quarter. Friedenthal Financial acquired a new position in Tyler Technologies during the third quarter worth about $750,000. Blue Trust Inc. raised its position in Tyler Technologies by 432.9% during the third quarter. Blue Trust Inc. now owns 389 shares of the technology company’s stock worth $227,000 after acquiring an additional 316 shares during the last quarter. Finally, Net Worth Advisory Group acquired a new position in Tyler Technologies during the third quarter worth about $375,000. Institutional investors and hedge funds own 93.30% of the company’s stock.

Analyst Ratings Changes

TYL has been the subject of a number of analyst reports. BTIG Research boosted their price objective on shares of Tyler Technologies from $550.00 to $630.00 and gave the company a “buy” rating in a research report on Friday, July 26th. Oppenheimer boosted their price objective on shares of Tyler Technologies from $625.00 to $700.00 and gave the company an “outperform” rating in a research report on Friday. Truist Financial reissued a “buy” rating and issued a $685.00 price objective (up previously from $600.00) on shares of Tyler Technologies in a research report on Friday. StockNews.com raised shares of Tyler Technologies from a “hold” rating to a “buy” rating in a research report on Friday. Finally, Robert W. Baird boosted their price objective on shares of Tyler Technologies from $625.00 to $700.00 and gave the company an “outperform” rating in a research report on Friday. Two research analysts have rated the stock with a hold rating and thirteen have issued 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 $642.62.

Tyler Technologies Price Performance

Tyler Technologies stock opened at $605.86 on Friday. Tyler Technologies, Inc. has a 52-week low of $361.16 and a 52-week high of $631.43. The firm has a fifty day moving average of $584.88 and a 200-day moving average of $526.68. The firm has a market capitalization of $25.85 billion, a P/E ratio of 125.18, a PEG ratio of 5.42 and a beta of 0.78. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.19.

Tyler Technologies (NYSE:TYL) last released its quarterly earnings data on Wednesday, October 23rd. The technology company reported $2.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.43 by $0.09. Tyler Technologies had a net margin of 10.24% and a return on equity of 9.66%. The company had revenue of $543.34 million during the quarter, compared to analyst estimates of $547.34 million. During the same quarter in the prior year, the business earned $1.66 earnings per share. The business’s quarterly revenue was up 9.8% compared to the same quarter last year. As a group, analysts predict that Tyler Technologies, Inc. will post 7.21 EPS for the current year.

Insider Activity at Tyler Technologies

In related news, insider John S. Marr, Jr. sold 5,000 shares of the firm’s stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $578.94, for a total transaction of $2,894,700.00. Following the completion of the sale, the insider now directly owns 6,983 shares of the company’s stock, valued at approximately $4,042,738.02. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Tyler Technologies news, insider John S. Marr, Jr. sold 5,000 shares of the firm’s stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $578.94, for a total transaction of $2,894,700.00. Following the completion of the transaction, the insider now directly owns 6,983 shares of the company’s stock, valued at $4,042,738.02. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Daniel M. Pope sold 275 shares of the firm’s stock in a transaction on Monday, July 29th. The stock was sold at an average price of $578.26, for a total transaction of $159,021.50. Following the transaction, the director now directly owns 3,218 shares of the company’s stock, valued at approximately $1,860,840.68. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 29,375 shares of company stock valued at $17,049,739. Corporate insiders own 2.20% of the company’s stock.

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.