C WorldWide Group Holding A S raised its position in Tyler Technologies, Inc. (NYSE:TYL – Free Report) by 26.1% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 29,433 shares of the technology company’s stock after purchasing an additional 6,095 shares during the period. C WorldWide Group Holding A S’s holdings in Tyler Technologies were worth $10,077,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also made changes to their positions in TYL. Salomon & Ludwin LLC boosted its position in shares of Tyler Technologies by 6,100.0% in the 4th quarter. Salomon & Ludwin LLC now owns 62 shares of the technology company’s stock worth $27,000 after buying an additional 61 shares in the last quarter. DV Equities LLC acquired a new stake in Tyler Technologies in the 4th quarter valued at about $27,000. Elyxium Wealth LLC purchased a new position in Tyler Technologies during the 4th quarter valued at about $29,000. Bayban purchased a new position in Tyler Technologies during the 4th quarter valued at about $30,000. Finally, Cornerstone Planning Group LLC raised its position in Tyler Technologies by 3,900.0% during the fourth quarter. Cornerstone Planning Group LLC now owns 80 shares of the technology company’s stock worth $34,000 after acquiring an additional 78 shares during the last quarter. Institutional investors and hedge funds own 93.30% of the company’s stock.
Tyler Technologies Trading Up 4.3%
NYSE:TYL opened at $316.70 on Friday. Tyler Technologies, Inc. has a 12-month low of $270.71 and a 12-month high of $621.34. The firm has a market cap of $13.36 billion, a price-to-earnings ratio of 43.74, a price-to-earnings-growth ratio of 2.02 and a beta of 0.82. The company’s 50-day moving average is $304.86 and its two-hundred day moving average is $344.42.
Wall Street Analyst Weigh In
Several analysts have issued reports on TYL shares. Weiss Ratings downgraded shares of Tyler Technologies from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, April 24th. Robert W. Baird set a $455.00 price objective on Tyler Technologies in a research report on Friday, May 1st. JPMorgan Chase & Co. reduced their target price on Tyler Technologies from $650.00 to $525.00 and set an “overweight” rating on the stock in a research note on Tuesday, June 23rd. DA Davidson reiterated a “buy” rating and set a $460.00 target price on shares of Tyler Technologies in a report on Wednesday, June 10th. Finally, BTIG Research reiterated a “buy” rating and set a $420.00 target price on shares of Tyler Technologies in a report on Wednesday, June 10th. Thirteen analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Tyler Technologies presently has an average rating of “Moderate Buy” and a consensus target price of $472.38.
Get Our Latest Report on Tyler Technologies
About Tyler Technologies
Tyler Technologies, Inc is a provider of software and technology services for the public sector, delivering integrated systems that help government and public agencies manage operations, finances and citizen services. Headquartered in Plano, Texas, the company focuses on developing and implementing solutions for local and state governments, school districts, courts and public safety organizations. Its offerings are aimed at modernizing administrative workflows, improving transparency and enabling digital interactions between governments and the communities they serve.
Tyler’s product portfolio spans enterprise resource planning and financial management, tax and billing systems, court case and records management, public safety solutions (including computer-aided dispatch and records management), land and property management, permitting and licensing, and enterprise asset management.
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