Tyler Technologies, Inc. (NYSE:TYL) Stock Holdings Increased by NBW Capital LLC

NBW Capital LLC increased its holdings in Tyler Technologies, Inc. (NYSE:TYL) by 50.7% during the fourth quarter, Holdings Channel reports. The firm owned 13,345 shares of the technology company’s stock after purchasing an additional 4,489 shares during the period. NBW Capital LLC’s holdings in Tyler Technologies were worth $5,580,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. First Trust Direct Indexing L.P. raised its holdings in shares of Tyler Technologies by 2.7% in the 3rd quarter. First Trust Direct Indexing L.P. now owns 1,095 shares of the technology company’s stock worth $423,000 after purchasing an additional 29 shares in the last quarter. Baron Wealth Management LLC increased its position in shares of Tyler Technologies by 2.0% in the fourth quarter. Baron Wealth Management LLC now owns 1,463 shares of the technology company’s stock worth $612,000 after acquiring an additional 29 shares in the last quarter. Sunbelt Securities Inc. increased its position in shares of Tyler Technologies by 2.6% in the second quarter. Sunbelt Securities Inc. now owns 1,167 shares of the technology company’s stock worth $486,000 after acquiring an additional 30 shares in the last quarter. Kestra Advisory Services LLC increased its position in shares of Tyler Technologies by 5.8% in the second quarter. Kestra Advisory Services LLC now owns 616 shares of the technology company’s stock worth $257,000 after acquiring an additional 34 shares in the last quarter. Finally, Parkside Financial Bank & Trust increased its position in shares of Tyler Technologies by 4.9% in the second quarter. Parkside Financial Bank & Trust now owns 727 shares of the technology company’s stock worth $303,000 after acquiring an additional 34 shares in the last quarter. 93.30% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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

Tyler Technologies Stock Performance

Shares of Tyler Technologies stock traded down $1.45 on Thursday, reaching $401.39. The stock had a trading volume of 69,762 shares, compared to its average volume of 202,450. The business’s 50-day moving average price is $424.84 and its two-hundred day moving average price is $413.56. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.86 and a current ratio of 0.86. Tyler Technologies, Inc. has a fifty-two week low of $361.16 and a fifty-two week high of $454.74. The stock has a market cap of $17.03 billion, a P/E ratio of 103.19, a price-to-earnings-growth ratio of 3.93 and a beta of 0.81.

Tyler Technologies (NYSE:TYL) last issued its quarterly earnings data 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. Tyler Technologies had a net margin of 8.50% and a return on equity of 8.85%. The business had revenue of $480.94 million during the quarter, compared to analysts’ expectations of $483.34 million. On average, sell-side analysts forecast that Tyler Technologies, Inc. will post 6.77 EPS for the current year.

Insider Activity at Tyler Technologies

In related news, 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 transaction of $2,214,950.00. Following the completion of the transaction, 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 filing with the SEC, which is available through the SEC website. In other Tyler Technologies news, CFO Brian K. Miller sold 5,000 shares of the business’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 sale, the chief financial officer now owns 14,610 shares of the company’s stock, valued at approximately $6,472,083.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO H Lynn Moore, Jr. sold 1,849 shares of the business’s stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $421.19, for a total transaction of $778,780.31. Following the completion of the sale, the chief executive officer now directly owns 79,502 shares in the company, valued at approximately $33,485,447.38. The disclosure for this sale can be found here. Insiders sold a total of 50,608 shares of company stock worth $21,974,819 in the last ninety days. 2.20% of the stock is currently owned by insiders.

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.