Nicolet Advisory Services LLC Raises Holdings in Tyler Technologies, Inc. (NYSE:TYL)

Nicolet Advisory Services LLC raised its stake in shares of Tyler Technologies, Inc. (NYSE:TYL) by 9.6% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 1,853 shares of the technology company’s stock after buying an additional 163 shares during the period. Nicolet Advisory Services LLC’s holdings in Tyler Technologies were worth $1,037,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Norges Bank purchased a new stake in shares of Tyler Technologies during the fourth quarter worth approximately $528,465,000. Van ECK Associates Corp grew its holdings in Tyler Technologies by 1,991.8% during the 4th quarter. Van ECK Associates Corp now owns 550,580 shares of the technology company’s stock worth $317,486,000 after acquiring an additional 524,259 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Tyler Technologies during the 4th quarter worth about $159,947,000. JPMorgan Chase & Co. raised its stake in Tyler Technologies by 148.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 461,469 shares of the technology company’s stock worth $269,369,000 after acquiring an additional 275,511 shares in the last quarter. Finally, Seilern Investment Management Ltd purchased a new stake in shares of Tyler Technologies in the 4th quarter valued at about $105,549,000. Institutional investors and hedge funds own 93.30% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on TYL shares. StockNews.com cut shares of Tyler Technologies from a “buy” rating to a “hold” rating in a research note on Monday, February 24th. Truist Financial reiterated a “buy” rating and issued a $775.00 price target (up previously from $685.00) on shares of Tyler Technologies in a report on Friday, February 14th. DA Davidson reaffirmed a “neutral” rating and set a $575.00 price objective on shares of Tyler Technologies in a report on Thursday, January 30th. Wells Fargo & Company reiterated an “equal weight” rating and issued a $615.00 price target (down from $670.00) on shares of Tyler Technologies in a research report on Tuesday, January 7th. Finally, Barclays lifted their price objective on Tyler Technologies from $705.00 to $715.00 and gave the stock an “overweight” rating in a research report on Friday, February 14th. Four analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $676.25.

Insider Transactions at Tyler Technologies

In other Tyler Technologies news, insider John S. Marr, Jr. sold 6,000 shares of Tyler Technologies stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $619.00, for a total transaction of $3,714,000.00. Following the transaction, the insider now directly owns 6,983 shares of the company’s stock, valued at $4,322,477. The trade was a 46.21 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Brian K. Miller sold 1,550 shares of the business’s stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $613.58, for a total transaction of $951,049.00. Following the sale, the chief financial officer now owns 14,026 shares of the company’s stock, valued at approximately $8,606,073.08. This represents a 9.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 14,064 shares of company stock worth $8,688,030 in the last three months. 2.20% of the stock is currently owned by company insiders.

Tyler Technologies Stock Down 0.4 %

TYL opened at $582.38 on Thursday. The stock has a market capitalization of $25.10 billion, a price-to-earnings ratio of 96.10, a price-to-earnings-growth ratio of 4.93 and a beta of 0.80. Tyler Technologies, Inc. has a 12 month low of $397.80 and a 12 month high of $661.31. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.35 and a quick ratio of 1.21. The business has a 50-day moving average of $599.91 and a two-hundred day moving average of $597.61.

Tyler Technologies (NYSE:TYL) last released its quarterly earnings data on Wednesday, February 12th. The technology company reported $1.87 EPS for the quarter, missing analysts’ consensus estimates of $2.44 by ($0.57). Tyler Technologies had a return on equity of 10.15% and a net margin of 12.30%. On average, research analysts expect that Tyler Technologies, Inc. will post 8.52 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.