Portfolio Design Labs LLC Takes Position in Tyler Technologies, Inc. (NYSE:TYL)

Portfolio Design Labs LLC purchased a new stake in Tyler Technologies, Inc. (NYSE:TYL) during the fourth quarter, HoldingsChannel.com reports. The fund purchased 546 shares of the technology company’s stock, valued at approximately $315,000.

A number of other institutional investors also recently modified their holdings of TYL. Ashton Thomas Securities LLC bought a new position in shares of Tyler Technologies in the third quarter valued at approximately $27,000. Quarry LP bought a new position in shares of Tyler Technologies in the third quarter valued at approximately $78,000. MassMutual Private Wealth & Trust FSB raised its position in shares of Tyler Technologies by 18.4% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 135 shares of the technology company’s stock valued at $78,000 after purchasing an additional 21 shares during the period. Brooklyn Investment Group bought a new position in shares of Tyler Technologies in the third quarter valued at approximately $79,000. Finally, Mowery & Schoenfeld Wealth Management LLC bought a new position in shares of Tyler Technologies in the third quarter valued at approximately $82,000. Institutional investors own 93.30% of the company’s stock.

Insider Activity

In other 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 sale, the insider now owns 6,983 shares in the company, valued at approximately $4,285,187.78. The trade was a 63.21 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO H Lynn Moore, Jr. sold 3,250 shares of the business’s stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $631.41, for a total transaction of $2,052,082.50. Following the completion of the sale, the chief executive officer now owns 75,000 shares in the company, valued at $47,355,750. This represents a 4.15 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 30,502 shares of company stock worth $18,941,368. Corporate insiders own 2.20% of the company’s stock.

Tyler Technologies Stock Up 0.3 %

TYL opened at $611.01 on Thursday. 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. The firm’s fifty day moving average price is $595.47 and its two-hundred day moving average price is $593.32. The company has a market capitalization of $26.15 billion, a P/E ratio of 111.50, a P/E/G ratio of 4.78 and a beta of 0.78.

Tyler Technologies (NYSE:TYL) last posted its quarterly earnings results on Wednesday, February 12th. The technology company reported $1.87 earnings per share for the quarter, missing analysts’ consensus estimates of $2.44 by ($0.57). Tyler Technologies had a return on equity of 9.79% and a net margin of 11.39%. On average, analysts anticipate that Tyler Technologies, Inc. will post 7.36 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on TYL. DA Davidson reissued a “neutral” rating and issued a $575.00 price target on shares of Tyler Technologies in a research report on Thursday, January 30th. StockNews.com downgraded shares of Tyler Technologies from a “buy” rating to a “hold” rating in a research note on Friday, December 6th. Needham & Company LLC restated a “buy” rating and issued a $700.00 price objective on shares of Tyler Technologies in a research note on Tuesday, January 21st. Wells Fargo & Company restated an “equal weight” rating and issued a $615.00 price objective (down previously from $670.00) on shares of Tyler Technologies in a research note on Tuesday, January 7th. Finally, Robert W. Baird raised their price objective on shares of Tyler Technologies from $625.00 to $700.00 and gave the stock an “outperform” rating in a research note on Friday, October 25th. Four analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, Tyler Technologies presently has an average rating of “Moderate Buy” and a consensus target price of $645.69.

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.