Tyler Technologies, Inc. $TYL Shares Bought by FWG Holdings LLC

FWG Holdings LLC raised its stake in Tyler Technologies, Inc. (NYSE:TYL) by 14.1% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,211 shares of the technology company’s stock after buying an additional 150 shares during the period. FWG Holdings LLC’s holdings in Tyler Technologies were worth $730,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of TYL. Vanguard Group Inc. lifted its holdings in shares of Tyler Technologies by 2.8% in the first quarter. Vanguard Group Inc. now owns 5,459,163 shares of the technology company’s stock valued at $3,173,903,000 after purchasing an additional 148,762 shares in the last quarter. Massachusetts Financial Services Co. MA increased its stake in shares of Tyler Technologies by 6.3% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 998,927 shares of the technology company’s stock worth $580,766,000 after purchasing an additional 59,554 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of Tyler Technologies by 3.1% during the 1st quarter. JPMorgan Chase & Co. now owns 480,085 shares of the technology company’s stock worth $279,117,000 after purchasing an additional 14,219 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in Tyler Technologies by 17.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 428,304 shares of the technology company’s stock valued at $249,012,000 after buying an additional 62,889 shares in the last quarter. Finally, Blair William & Co. IL lifted its stake in Tyler Technologies by 0.9% in the 2nd quarter. Blair William & Co. IL now owns 424,768 shares of the technology company’s stock valued at $251,819,000 after buying an additional 3,894 shares in the last quarter. Hedge funds and other institutional investors own 93.30% of the company’s stock.

Insider Buying and Selling

In related news, insider John S. Marr, Jr. sold 4,250 shares of the company’s stock in a transaction on Thursday, August 28th. The shares were sold at an average price of $555.53, for a total value of $2,361,002.50. Following the sale, the insider directly owned 6,983 shares of the company’s stock, valued at $3,879,265.99. This represents a 37.83% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO H Lynn Moore, Jr. sold 5,250 shares of the stock in a transaction dated Monday, August 11th. The stock was sold at an average price of $588.89, for a total transaction of $3,091,672.50. Following the transaction, the chief executive officer directly owned 81,775 shares in the company, valued at $48,156,479.75. The trade was a 6.03% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 14,250 shares of company stock worth $8,099,000. 1.10% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. Evercore ISI reaffirmed a “positive” rating on shares of Tyler Technologies in a research note on Friday. Oppenheimer restated an “outperform” rating and set a $600.00 target price on shares of Tyler Technologies in a research report on Thursday, October 30th. DA Davidson cut their price target on Tyler Technologies from $560.00 to $540.00 and set a “neutral” rating for the company in a report on Friday, October 31st. UBS Group restated an “overweight” rating on shares of Tyler Technologies in a report on Wednesday, October 8th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Tyler Technologies in a research report on Tuesday, October 14th. Nine investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $660.09.

Tyler Technologies Price Performance

Shares of TYL opened at $469.70 on Wednesday. Tyler Technologies, Inc. has a 12 month low of $450.00 and a 12 month high of $661.31. The stock has a market cap of $20.21 billion, a PE ratio of 65.33, a P/E/G ratio of 3.67 and a beta of 0.93. The stock’s 50-day moving average is $521.80 and its two-hundred day moving average is $553.01.

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.