Tyler Technologies, Inc. (NYSE:TYL) Shares Acquired by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. raised its stake in shares of Tyler Technologies, Inc. (NYSE:TYL) by 2.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 372,950 shares of the technology company’s stock after buying an additional 7,669 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.89% of Tyler Technologies worth $155,938,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Vanguard Group Inc. raised its holdings in Tyler Technologies by 0.6% during the third quarter. Vanguard Group Inc. now owns 4,913,419 shares of the technology company’s stock worth $1,897,268,000 after purchasing an additional 29,578 shares in the last quarter. Principal Financial Group Inc. raised its stake in shares of Tyler Technologies by 0.4% in the 3rd quarter. Principal Financial Group Inc. now owns 1,268,954 shares of the technology company’s stock worth $489,994,000 after buying an additional 5,013 shares in the last quarter. Morgan Stanley lifted its holdings in shares of Tyler Technologies by 21.1% in the third quarter. Morgan Stanley now owns 1,015,713 shares of the technology company’s stock valued at $392,208,000 after buying an additional 177,242 shares during the period. Van ECK Associates Corp boosted its stake in Tyler Technologies by 13.1% during the fourth quarter. Van ECK Associates Corp now owns 868,016 shares of the technology company’s stock valued at $362,935,000 after buying an additional 100,788 shares in the last quarter. Finally, Invesco Ltd. grew its holdings in Tyler Technologies by 6.5% during the third quarter. Invesco Ltd. now owns 860,928 shares of the technology company’s stock worth $332,439,000 after acquiring an additional 52,798 shares during the period. 93.30% of the stock is currently owned by institutional investors.

Tyler Technologies Price Performance

Shares of NYSE:TYL opened at $481.84 on Friday. The company has a market cap of $20.46 billion, a P/E ratio of 109.01, a price-to-earnings-growth ratio of 4.38 and a beta of 0.76. The company’s fifty day moving average is $429.06 and its two-hundred day moving average is $420.83. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.20. Tyler Technologies, Inc. has a 12-month low of $361.16 and a 12-month high of $485.40.

Tyler Technologies (NYSE:TYL) last announced its quarterly earnings data on Wednesday, February 14th. The technology company reported $1.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.33 by $0.06. The firm 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 9.35% and a net margin of 9.50%. Equities analysts expect that Tyler Technologies, Inc. will post 7.14 earnings per share for the current fiscal year.

Analyst Ratings Changes

TYL has been the subject of a number of research analyst reports. Needham & Company LLC reissued a “buy” rating and issued a $500.00 price target on shares of Tyler Technologies in a report on Thursday, April 25th. Robert W. Baird increased their target price on shares of Tyler Technologies from $500.00 to $525.00 and gave the company an “outperform” rating in a research note on Friday, April 26th. DA Davidson lifted their price target 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. JMP Securities reaffirmed a “market outperform” rating and issued a $490.00 price target on shares of Tyler Technologies in a report on Friday, April 26th. Finally, Oppenheimer lifted their target price on Tyler Technologies from $480.00 to $500.00 and gave the stock an “outperform” rating in a report on Friday, April 26th. Three investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, Tyler Technologies currently has a consensus rating of “Moderate Buy” and a consensus target price of $492.22.

Insider Activity at Tyler Technologies

In other Tyler Technologies news, CEO H Lynn Moore, Jr. sold 10,000 shares of Tyler Technologies stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $435.98, for a total transaction of $4,359,800.00. Following the completion of the sale, the chief executive officer now owns 75,000 shares of the company’s stock, valued at approximately $32,698,500. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Tyler Technologies news, CEO H Lynn Moore, Jr. sold 5,250 shares of the company’s stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of $481.83, for a total value of $2,529,607.50. Following the transaction, the chief executive officer now directly owns 75,000 shares of the company’s stock, valued at approximately $36,137,250. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO H Lynn Moore, Jr. sold 10,000 shares of Tyler Technologies stock in a transaction dated 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 sale, the chief executive officer now owns 75,000 shares of the company’s stock, valued at $32,698,500. The disclosure for this sale can be found here. Over the last three months, insiders have sold 63,529 shares of company stock valued at $28,040,672. Corporate insiders own 1.50% of the company’s stock.

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.