Buckhead Capital Management LLC Acquires 163 Shares of Tyler Technologies, Inc. (NYSE:TYL)

Buckhead Capital Management LLC grew its holdings in Tyler Technologies, Inc. (NYSE:TYL) by 2.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,717 shares of the technology company’s stock after purchasing an additional 163 shares during the period. Buckhead Capital Management LLC’s holdings in Tyler Technologies were worth $2,809,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of TYL. Livforsakringsbolaget Skandia Omsesidigt purchased a new position in Tyler Technologies during the fourth quarter valued at approximately $31,000. Headlands Technologies LLC purchased a new stake in shares of Tyler Technologies in the 4th quarter valued at $40,000. Lindbrook Capital LLC boosted its stake in shares of Tyler Technologies by 50.6% in the 4th quarter. Lindbrook Capital LLC now owns 116 shares of the technology company’s stock valued at $49,000 after purchasing an additional 39 shares in the last quarter. Chilton Capital Management LLC purchased a new stake in shares of Tyler Technologies in the 4th quarter valued at $52,000. Finally, Column Capital Advisors LLC boosted its stake in shares of Tyler Technologies by 50.5% in the 3rd quarter. Column Capital Advisors LLC now owns 146 shares of the technology company’s stock valued at $56,000 after purchasing an additional 49 shares in the last quarter. Institutional investors own 93.30% of the company’s stock.

Tyler Technologies Stock Down 0.7 %

Shares of NYSE:TYL traded down $3.02 during midday trading on Wednesday, reaching $458.53. The company’s stock had a trading volume of 266,556 shares, compared to its average volume of 215,197. Tyler Technologies, Inc. has a 12-month low of $361.16 and a 12-month high of $466.10. The firm has a 50 day moving average of $424.02 and a 200-day moving average of $416.78. The firm has a market capitalization of $19.47 billion, a P/E ratio of 104.40, a PEG ratio of 4.34 and a beta of 0.81. 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 (NYSE:TYL) last announced its quarterly earnings data on Wednesday, February 14th. The technology company reported $1.39 EPS for the quarter, beating the consensus estimate of $1.33 by $0.06. Tyler Technologies had a net margin of 9.50% and a return on equity of 9.35%. The company had revenue of $480.94 million for the quarter, compared to the consensus estimate of $483.34 million. On average, research analysts anticipate that Tyler Technologies, Inc. will post 7.14 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on TYL shares. Robert W. Baird upped their price objective 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 upped their price target on shares of Tyler Technologies from $412.00 to $434.00 and gave the company a “neutral” rating in a report on Thursday, February 22nd. JPMorgan Chase & Co. upped their price target on shares of Tyler Technologies from $500.00 to $526.00 and gave the company an “overweight” rating in a report on Thursday, February 15th. Piper Sandler restated an “overweight” rating and issued a $520.00 price objective on shares of Tyler Technologies in a report on Wednesday, April 24th. Finally, Oppenheimer upped their price objective on shares of Tyler Technologies from $480.00 to $500.00 and gave the stock an “outperform” rating in a report on Friday, April 26th. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, Tyler Technologies presently has a consensus rating of “Moderate Buy” and an average target price of $480.60.

Insider Activity at Tyler Technologies

In related news, Director Glenn A. Carter sold 1,650 shares of the stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $437.84, for a total transaction of $722,436.00. Following the sale, the director now directly owns 2,011 shares of the company’s stock, valued at approximately $880,496.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Director Glenn A. Carter sold 1,650 shares of the firm’s stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $437.84, for a total transaction of $722,436.00. Following the sale, the director now owns 2,011 shares of the company’s stock, valued at approximately $880,496.24. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO H Lynn Moore, Jr. sold 1,849 shares of the firm’s stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $421.19, for a total transaction of $778,780.31. Following 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. In the last ninety days, insiders have sold 50,608 shares of company stock valued at $21,974,819. 1.50% of the stock is owned by insiders.

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.