Waldron Private Wealth LLC Boosts Position in Tyler Technologies, Inc. (NYSE:TYL)

Waldron Private Wealth LLC boosted its position in shares of Tyler Technologies, Inc. (NYSE:TYL) by 9.5% during the fourth quarter, Holdings Channel reports. The firm owned 636 shares of the technology company’s stock after buying an additional 55 shares during the quarter. Waldron Private Wealth LLC’s holdings in Tyler Technologies were worth $265,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the company. Clear Street Markets LLC raised its holdings in shares of Tyler Technologies by 95.2% in the first quarter. Clear Street Markets LLC now owns 82 shares of the technology company’s stock worth $29,000 after acquiring an additional 40 shares during the last quarter. International Assets Investment Management LLC acquired a new position in shares of Tyler Technologies in the third quarter worth $48,000. Cornerstone Planning Group LLC acquired a new position in shares of Tyler Technologies in the second quarter worth $49,000. Chilton Capital Management LLC acquired a new position in shares of Tyler Technologies in the fourth quarter worth $52,000. Finally, Column Capital Advisors LLC raised its holdings in shares of Tyler Technologies by 50.5% in the third quarter. Column Capital Advisors LLC now owns 146 shares of the technology company’s stock worth $56,000 after acquiring an additional 49 shares during the last quarter. 93.30% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Tyler Technologies

In other news, CFO Brian K. Miller sold 5,000 shares of the stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $442.99, for a total transaction of $2,214,950.00. Following the sale, the chief financial officer now directly owns 14,610 shares in the company, valued at approximately $6,472,083.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CFO Brian K. Miller sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $442.99, for a total value of $2,214,950.00. Following the sale, the chief financial officer now directly owns 14,610 shares in the company, valued at approximately $6,472,083.90. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO H Lynn Moore, Jr. sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $435.98, for a total value of $4,359,800.00. Following the completion of the sale, the chief executive officer now owns 75,000 shares in the company, valued at $32,698,500. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 50,608 shares of company stock worth $21,974,819. 1.50% of the stock is currently owned by company insiders.

Tyler Technologies Trading Down 0.4 %

NYSE:TYL opened at $399.26 on Wednesday. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.20. The business’s 50 day moving average is $425.50 and its two-hundred day moving average is $413.64. Tyler Technologies, Inc. has a 52 week low of $361.16 and a 52 week high of $454.74. The company has a market cap of $16.94 billion, a PE ratio of 102.64, a P/E/G ratio of 3.94 and a beta of 0.81.

Tyler Technologies (NYSE:TYL) last announced its quarterly earnings results on Wednesday, February 14th. The technology company reported $1.39 earnings per share for the quarter, topping analysts’ consensus estimates of $1.33 by $0.06. The business had revenue of $480.94 million for the quarter, compared to analysts’ expectations of $483.34 million. Tyler Technologies had a return on equity of 8.85% and a net margin of 8.50%. On average, analysts predict that Tyler Technologies, Inc. will post 6.77 EPS for the current year.

Analyst Upgrades and Downgrades

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

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.