Townsquare Capital LLC Purchases 106 Shares of Tyler Technologies, Inc. (NYSE:TYL)

Townsquare Capital LLC raised its position in Tyler Technologies, Inc. (NYSE:TYL) by 3.3% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 3,329 shares of the technology company’s stock after acquiring an additional 106 shares during the period. Townsquare Capital LLC’s holdings in Tyler Technologies were worth $1,943,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Independence Bank of Kentucky bought a new stake in Tyler Technologies in the 2nd quarter valued at about $25,000. Ashton Thomas Securities LLC bought a new stake in shares of Tyler Technologies in the third quarter valued at approximately $27,000. Blue Trust Inc. raised its position in shares of Tyler Technologies by 329.4% in the second quarter. Blue Trust Inc. now owns 73 shares of the technology company’s stock valued at $37,000 after purchasing an additional 56 shares during the period. Lynx Investment Advisory purchased a new stake in shares of Tyler Technologies during the 2nd quarter valued at approximately $38,000. Finally, International Assets Investment Management LLC bought a new position in Tyler Technologies in the 2nd quarter worth approximately $61,000. Hedge funds and other institutional investors own 93.30% of the company’s stock.

Tyler Technologies Stock Performance

Tyler Technologies stock opened at $629.17 on Monday. Tyler Technologies, Inc. has a fifty-two week low of $397.80 and a fifty-two week high of $637.53. The firm’s fifty day moving average price is $600.16 and its 200-day moving average price is $557.28. The stock has a market cap of $26.93 billion, a P/E ratio of 114.81, a price-to-earnings-growth ratio of 5.70 and a beta of 0.77. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.21 and a current ratio of 1.21.

Tyler Technologies (NYSE:TYL) last released its quarterly earnings results on Wednesday, October 23rd. The technology company reported $2.52 earnings per share for the quarter, beating analysts’ consensus estimates of $2.43 by $0.09. Tyler Technologies had a return on equity of 9.79% and a net margin of 11.39%. The business had revenue of $543.34 million for the quarter, compared to the consensus estimate of $547.34 million. During the same quarter last year, the business posted $1.66 earnings per share. The company’s revenue for the quarter was up 9.8% on a year-over-year basis. On average, equities research analysts expect that Tyler Technologies, Inc. will post 7.36 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the company. Robert W. Baird increased their target price on Tyler Technologies from $625.00 to $700.00 and gave the stock an “outperform” rating in a research report on Friday, October 25th. Oppenheimer boosted their price objective on Tyler Technologies from $625.00 to $700.00 and gave the company an “outperform” rating in a research note on Friday, October 25th. Needham & Company LLC raised their target price on Tyler Technologies from $600.00 to $700.00 and gave the stock a “buy” rating in a research note on Tuesday, October 22nd. Truist Financial reiterated a “buy” rating and set a $685.00 price target (up from $600.00) on shares of Tyler Technologies in a research report on Friday, October 25th. Finally, The Goldman Sachs Group restated a “buy” rating and issued a $627.00 price objective on shares of Tyler Technologies in a research report on Friday, September 13th. Two equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $642.62.

Insider Buying and Selling

In other Tyler Technologies news, insider John S. Marr, Jr. sold 12,000 shares of the business’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $613.66, for a total value of $7,363,920.00. Following the completion of the sale, the insider now directly owns 6,983 shares of the company’s stock, valued at $4,285,187.78. The trade was a 63.21 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Glenn A. Carter sold 3,350 shares of the company’s stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $582.57, for a total transaction of $1,951,609.50. Following the sale, the director now owns 2,654 shares of the company’s stock, valued at approximately $1,546,140.78. The trade was a 55.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 37,100 shares of company stock worth $22,309,090 in the last quarter. 2.20% of the stock is owned by insiders.

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.