Ameritas Advisory Services LLC Buys New Shares in Tyler Technologies, Inc. (NYSE:TYL)

Ameritas Advisory Services LLC purchased a new position in shares of Tyler Technologies, Inc. (NYSE:TYL) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 499 shares of the technology company’s stock, valued at approximately $288,000.

A number of other large investors have also recently added to or reduced their stakes in the company. American Century Companies Inc. boosted its stake in shares of Tyler Technologies by 6.3% during the 2nd quarter. American Century Companies Inc. now owns 2,185 shares of the technology company’s stock worth $1,099,000 after acquiring an additional 130 shares during the period. Dimensional Fund Advisors LP lifted its holdings in Tyler Technologies by 10.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 157,027 shares of the technology company’s stock valued at $78,942,000 after purchasing an additional 14,595 shares during the last quarter. Mercer Global Advisors Inc. ADV boosted its position in Tyler Technologies by 1.9% during the second quarter. Mercer Global Advisors Inc. ADV now owns 1,746 shares of the technology company’s stock worth $878,000 after purchasing an additional 33 shares during the period. Profund Advisors LLC increased its holdings in shares of Tyler Technologies by 7.5% in the second quarter. Profund Advisors LLC now owns 902 shares of the technology company’s stock valued at $454,000 after purchasing an additional 63 shares during the last quarter. Finally, ProShare Advisors LLC raised its position in shares of Tyler Technologies by 8.3% in the second quarter. ProShare Advisors LLC now owns 8,419 shares of the technology company’s stock valued at $4,233,000 after purchasing an additional 646 shares during the period. Institutional investors and hedge funds own 93.30% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on TYL shares. Wells Fargo & Company reissued an “equal weight” rating and set a $615.00 target price (down previously from $670.00) on shares of Tyler Technologies in a report on Tuesday, January 7th. 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 report on Friday, October 25th. StockNews.com cut shares of Tyler Technologies from a “buy” rating to a “hold” rating in a report on Friday, December 6th. Piper Sandler boosted their price target on Tyler Technologies from $625.00 to $701.00 and gave the company an “overweight” rating in a research note on Friday, October 25th. Finally, DA Davidson raised their price objective on Tyler Technologies from $525.00 to $550.00 and gave the stock a “neutral” rating in a research note on Thursday, October 17th. Four research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $643.77.

Tyler Technologies Stock Performance

Shares of Tyler Technologies stock opened at $593.28 on Friday. The company’s 50 day moving average price is $598.42 and its two-hundred day moving average price is $585.06. The firm has a market capitalization of $25.39 billion, a P/E ratio of 108.26, a P/E/G ratio of 4.54 and a beta of 0.78. Tyler Technologies, Inc. has a fifty-two week low of $397.80 and a fifty-two week high of $638.56. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.21 and a quick ratio of 1.21.

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

Insider Transactions at Tyler Technologies

In other Tyler Technologies news, CFO Brian K. Miller sold 2,500 shares of the company’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $624.41, for a total value of $1,561,025.00. Following the sale, the chief financial officer now owns 11,950 shares in the company, valued at approximately $7,461,699.50. The trade was a 17.30 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider John S. Marr, Jr. sold 12,000 shares of the stock in a transaction dated 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 approximately $4,285,187.78. The trade was a 63.21 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 42,252 shares of company stock worth $26,096,928. Insiders own 2.20% of the company’s stock.

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.