Tyler Technologies, Inc. (NYSE:TYL) Shares Acquired by Blue Trust Inc.

Blue Trust Inc. increased its position in shares of Tyler Technologies, Inc. (NYSE:TYL) by 329.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 73 shares of the technology company’s stock after acquiring an additional 56 shares during the quarter. Blue Trust Inc.’s holdings in Tyler Technologies were worth $37,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently modified their holdings of TYL. Kapitalo Investimentos Ltda acquired a new position in Tyler Technologies in the 4th quarter valued at about $26,000. Covestor Ltd lifted its holdings in Tyler Technologies by 153.6% in the first quarter. Covestor Ltd now owns 71 shares of the technology company’s stock valued at $30,000 after acquiring an additional 43 shares during the last quarter. Lynx Investment Advisory purchased a new position in Tyler Technologies in the second quarter worth approximately $38,000. Larson Financial Group LLC increased its stake in Tyler Technologies by 675.0% during the first quarter. Larson Financial Group LLC now owns 93 shares of the technology company’s stock worth $40,000 after acquiring an additional 81 shares during the last quarter. Finally, Headlands Technologies LLC purchased a new stake in Tyler Technologies in the fourth quarter valued at $40,000. Hedge funds and other institutional investors own 93.30% of the company’s stock.

Insider Activity

In other news, Director Daniel M. Pope sold 275 shares of the stock in a transaction on Monday, July 29th. The stock was sold at an average price of $578.26, for a total value of $159,021.50. Following the completion of the sale, the director now owns 3,218 shares in the company, valued at $1,860,840.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Daniel M. Pope sold 275 shares of Tyler Technologies 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 completion of the sale, the director now owns 3,218 shares of the company’s stock, valued at $1,860,840.68. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider John S. Marr, Jr. sold 5,000 shares of the stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $578.94, for a total transaction of $2,894,700.00. Following the transaction, the insider now owns 6,983 shares in the company, valued at approximately $4,042,738.02. The disclosure for this sale can be found here. In the last 90 days, insiders sold 20,325 shares of company stock worth $11,068,068. Insiders own 2.20% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Loop Capital raised their price objective on Tyler Technologies from $485.00 to $530.00 and gave the stock a “buy” rating in a research report on Tuesday, May 21st. Truist Financial reaffirmed a “buy” rating and set a $600.00 target price (up previously from $560.00) on shares of Tyler Technologies in a research note on Friday, July 26th. JMP Securities boosted their price target on shares of Tyler Technologies from $490.00 to $580.00 and gave the company a “market outperform” rating in a research note on Monday, July 22nd. DA Davidson increased their price objective on shares of Tyler Technologies from $456.00 to $525.00 and gave the stock a “neutral” rating in a research report on Friday, July 26th. Finally, Barclays boosted their target price on Tyler Technologies from $515.00 to $577.00 and gave the company an “equal weight” rating in a research report on Friday, July 26th. Four research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $582.31.

Tyler Technologies Stock Performance

Tyler Technologies stock opened at $571.68 on Friday. The company has a market cap of $24.27 billion, a PE ratio of 129.34, a P/E/G ratio of 5.40 and a beta of 0.76. Tyler Technologies, Inc. has a 12 month low of $361.16 and a 12 month high of $593.50. The company has a fifty day moving average price of $536.52 and a two-hundred day moving average price of $477.24. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.06 and a quick ratio of 1.06.

Tyler Technologies (NYSE:TYL) last announced its earnings results on Wednesday, July 24th. The technology company reported $2.40 earnings per share for the quarter, beating the consensus estimate of $2.34 by $0.06. Tyler Technologies had a return on equity of 9.66% and a net margin of 10.24%. The firm had revenue of $540.98 million for the quarter, compared to the consensus estimate of $541.01 million. During the same quarter in the previous year, the business earned $1.53 EPS. The firm’s revenue for the quarter was up 7.3% on a year-over-year basis. Research analysts expect that Tyler Technologies, Inc. will post 7.21 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.