HighPoint Advisor Group LLC Acquires 204 Shares of Tyler Technologies, Inc. (NYSE:TYL)

HighPoint Advisor Group LLC lifted its holdings in shares of Tyler Technologies, Inc. (NYSE:TYL) by 46.7% during the fourth quarter, HoldingsChannel reports. The firm owned 641 shares of the technology company’s stock after acquiring an additional 204 shares during the quarter. HighPoint Advisor Group LLC’s holdings in Tyler Technologies were worth $386,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. Larson Financial Group LLC raised its holdings in Tyler Technologies by 221.4% during the 4th quarter. Larson Financial Group LLC now owns 45 shares of the technology company’s stock worth $26,000 after buying an additional 31 shares during the period. Sierra Ocean LLC bought a new stake in shares of Tyler Technologies during the fourth quarter worth $32,000. Brown Brothers Harriman & Co. raised its holdings in shares of Tyler Technologies by 300.0% during the fourth quarter. Brown Brothers Harriman & Co. now owns 56 shares of the technology company’s stock worth $32,000 after acquiring an additional 42 shares during the period. OFI Invest Asset Management bought a new stake in Tyler Technologies in the 4th quarter valued at $41,000. Finally, Smithfield Trust Co boosted its stake in Tyler Technologies by 55.6% in the 4th quarter. Smithfield Trust Co now owns 84 shares of the technology company’s stock worth $48,000 after purchasing an additional 30 shares during the period. Institutional investors own 93.30% of the company’s stock.

Analyst Ratings Changes

Several research firms have issued reports on TYL. The Goldman Sachs Group lifted their price target on Tyler Technologies from $660.00 to $728.00 and gave the company a “buy” rating in a research note on Tuesday, February 18th. Piper Sandler boosted their target price on Tyler Technologies from $701.00 to $747.00 and gave the company an “overweight” rating in a research note on Friday, February 14th. Wells Fargo & Company reaffirmed an “equal weight” rating and set a $615.00 price target (down previously from $670.00) on shares of Tyler Technologies in a research report on Tuesday, January 7th. Truist Financial reiterated a “buy” rating and issued a $775.00 price objective (up from $685.00) on shares of Tyler Technologies in a report on Friday, February 14th. Finally, StockNews.com cut shares of Tyler Technologies from a “buy” rating to a “hold” rating in a report on Monday, February 24th. Four analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $676.25.

Insider Activity at Tyler Technologies

In other news, insider John S. Marr, Jr. sold 6,000 shares of the business’s stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $619.00, for a total value of $3,714,000.00. Following the completion of the sale, the insider now owns 6,983 shares of the company’s stock, valued at approximately $4,322,477. The trade was a 46.21 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO H Lynn Moore, Jr. sold 6,514 shares of the firm’s stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $617.59, for a total transaction of $4,022,981.26. Following the transaction, the chief executive officer now directly owns 75,734 shares in the company, valued at approximately $46,772,561.06. This represents a 7.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 14,064 shares of company stock worth $8,688,030 in the last ninety days. 2.20% of the stock is owned by company insiders.

Tyler Technologies Stock Down 0.4 %

Shares of TYL stock opened at $582.38 on Thursday. Tyler Technologies, Inc. has a 52-week low of $397.80 and a 52-week high of $661.31. The stock has a market cap of $25.10 billion, a price-to-earnings ratio of 96.10, a PEG ratio of 4.93 and a beta of 0.80. The firm’s 50-day moving average is $599.91 and its 200-day moving average is $597.61. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.21 and a current ratio of 1.35.

Tyler Technologies (NYSE:TYL) last issued its quarterly earnings data on Wednesday, February 12th. The technology company reported $1.87 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.44 by ($0.57). Tyler Technologies had a return on equity of 10.15% and a net margin of 12.30%. Sell-side analysts predict that Tyler Technologies, Inc. will post 8.52 EPS for the current year.

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.