LifePlan Financial LLC Buys Shares of 1,161 Tyler Technologies, Inc. (NYSE:TYL)

LifePlan Financial LLC bought a new stake in Tyler Technologies, Inc. (NYSE:TYLFree Report) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm bought 1,161 shares of the technology company’s stock, valued at approximately $485,000.

Other large investors have also recently modified their holdings of the company. American Century Companies Inc. lifted its stake in shares of Tyler Technologies by 13.1% in the 1st quarter. American Century Companies Inc. now owns 1,328 shares of the technology company’s stock valued at $591,000 after acquiring an additional 154 shares during the last quarter. Panagora Asset Management Inc. lifted its stake in shares of Tyler Technologies by 69.1% in the 1st quarter. Panagora Asset Management Inc. now owns 2,431 shares of the technology company’s stock valued at $1,082,000 after acquiring an additional 993 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in shares of Tyler Technologies by 6.6% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 5,483 shares of the technology company’s stock valued at $2,439,000 after acquiring an additional 340 shares during the last quarter. Raymond James Trust N.A. lifted its stake in shares of Tyler Technologies by 4.3% in the 1st quarter. Raymond James Trust N.A. now owns 1,047 shares of the technology company’s stock valued at $466,000 after acquiring an additional 43 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in shares of Tyler Technologies by 0.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 118,419 shares of the technology company’s stock valued at $52,683,000 after acquiring an additional 934 shares during the last quarter. Institutional investors and hedge funds own 93.30% of the company’s stock.

Tyler Technologies Stock Down 3.1 %

Shares of TYL traded down $12.68 during trading hours on Monday, hitting $400.68. The stock had a trading volume of 172,017 shares, compared to its average volume of 203,861. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.86 and a quick ratio of 0.86. The firm has a 50 day simple moving average of $426.66 and a 200-day simple moving average of $413.47. The firm has a market capitalization of $17.00 billion, a P/E ratio of 104.79, a price-to-earnings-growth ratio of 4.07 and a beta of 0.81. Tyler Technologies, Inc. has a 1-year low of $361.16 and a 1-year high of $454.74.

Tyler Technologies (NYSE:TYLGet Free Report) last issued its earnings results on Wednesday, February 14th. The technology company reported $1.39 EPS for the quarter, beating the consensus estimate of $1.33 by $0.06. The company had revenue of $480.94 million during the quarter, compared to the consensus estimate of $483.34 million. Tyler Technologies had a return on equity of 8.85% and a net margin of 8.50%. Sell-side analysts predict that Tyler Technologies, Inc. will post 6.77 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

TYL has been the subject of a number of research reports. JMP Securities reiterated a “market outperform” rating and issued a $490.00 price target on shares of Tyler Technologies in a research note on Friday, February 16th. Needham & Company LLC raised their target price on Tyler Technologies from $475.00 to $500.00 and gave the stock a “buy” rating in a research report on Thursday, February 15th. Piper Sandler raised their target price on Tyler Technologies from $480.00 to $520.00 and gave the stock an “overweight” rating in a research report on Friday, February 16th. DA Davidson raised their target price on Tyler Technologies from $412.00 to $434.00 and gave the stock a “neutral” rating in a research report on Thursday, February 22nd. Finally, JPMorgan Chase & Co. raised their target price on Tyler Technologies from $500.00 to $526.00 and gave the stock an “overweight” rating in a research report on Thursday, February 15th. Three equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $457.86.

Read Our Latest Analysis on TYL

Insider Activity at Tyler Technologies

In other Tyler Technologies news, CEO H Lynn Moore, Jr. sold 1,849 shares of the company’s stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $421.19, for a total value of $778,780.31. Following the completion of the transaction, the chief executive officer now owns 79,502 shares in the company, valued at approximately $33,485,447.38. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Tyler Technologies news, CEO H Lynn Moore, Jr. sold 1,849 shares of the company’s stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $421.19, for a total value of $778,780.31. Following the completion of the transaction, the chief executive officer now owns 79,502 shares in the company, valued at approximately $33,485,447.38. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Brian K. Miller sold 5,000 shares of the company’s stock in a transaction on Monday, February 26th. The shares were sold at an average price of $442.99, for a total value of $2,214,950.00. Following the completion of the transaction, the chief financial officer now owns 14,610 shares of the company’s stock, valued at approximately $6,472,083.90. The disclosure for this sale can be found here. Insiders have sold a total of 50,608 shares of company stock valued at $21,974,819 over the last 90 days. Insiders own 1.50% of the company’s stock.

Tyler Technologies Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Tyler Technologies (NYSE:TYL)

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