HB Wealth Management LLC Purchases 36 Shares of Tyler Technologies, Inc. (NYSE:TYL)

HB Wealth Management LLC grew its position in shares of Tyler Technologies, Inc. (NYSE:TYL) by 4.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 840 shares of the technology company’s stock after buying an additional 36 shares during the period. HB Wealth Management LLC’s holdings in Tyler Technologies were worth $357,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. International Assets Investment Management LLC boosted its holdings in Tyler Technologies by 41,712.0% in the 4th quarter. International Assets Investment Management LLC now owns 52,265 shares of the technology company’s stock worth $21,853,000 after buying an additional 52,140 shares during the period. Rafferty Asset Management LLC increased its position in shares of Tyler Technologies by 26.8% during the 4th quarter. Rafferty Asset Management LLC now owns 13,972 shares of the technology company’s stock valued at $5,842,000 after purchasing an additional 2,951 shares during the last quarter. APG Asset Management US Inc. bought a new position in Tyler Technologies during the fourth quarter valued at approximately $57,493,000. Raymond James Trust N.A. boosted its stake in shares of Tyler Technologies by 4.9% in the 4th quarter. Raymond James Trust N.A. now owns 1,515 shares of the technology company’s stock valued at $633,000 after purchasing an additional 71 shares in the last quarter. Finally, Nordea Investment Management AB grew its stake in shares of Tyler Technologies by 4.6% during the fourth quarter. Nordea Investment Management AB now owns 2,600 shares of the technology company’s stock valued at $1,091,000 after buying an additional 115 shares during the last quarter. Hedge funds and other institutional investors own 93.30% of the company’s stock.

Insider Activity at Tyler Technologies

In other Tyler Technologies news, Director Daniel M. Pope sold 520 shares of Tyler Technologies stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $491.18, for a total value of $255,413.60. Following the completion of the transaction, the director now directly owns 3,493 shares of the company’s stock, valued at approximately $1,715,691.74. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Tyler Technologies news, insider John S. Marr, Jr. sold 6,000 shares of Tyler Technologies stock in a transaction on Tuesday, May 14th. The stock was sold at an average price of $483.21, for a total transaction of $2,899,260.00. Following the completion of the sale, the insider now directly owns 6,983 shares of the company’s stock, valued at approximately $3,374,255.43. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Daniel M. Pope sold 520 shares of the stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $491.18, for a total value of $255,413.60. Following the transaction, the director now directly owns 3,493 shares in the company, valued at approximately $1,715,691.74. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 26,241 shares of company stock valued at $12,495,890. 1.50% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on TYL shares. JMP Securities reiterated a “market outperform” rating and set a $490.00 price target on shares of Tyler Technologies in a report on Friday, April 26th. BTIG Research raised their target price on Tyler Technologies from $515.00 to $550.00 and gave the company a “buy” rating in a research note on Wednesday, May 22nd. Oppenheimer increased their price objective on Tyler Technologies from $500.00 to $550.00 and gave the stock an “outperform” rating in a report on Wednesday, May 22nd. Piper Sandler restated an “overweight” rating and set a $520.00 target price on shares of Tyler Technologies in a report on Wednesday, April 24th. Finally, Truist Financial reiterated a “buy” rating and issued a $560.00 price target (up from $510.00) on shares of Tyler Technologies in a research note on Thursday, May 23rd. Three investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $519.09.

Tyler Technologies Stock Performance

Shares of Tyler Technologies stock traded up $2.33 during trading hours on Friday, reaching $510.89. 68,311 shares of the stock traded hands, compared to its average volume of 219,864. Tyler Technologies, Inc. has a one year low of $361.16 and a one year high of $519.44. The firm has a market capitalization of $21.69 billion, a price-to-earnings ratio of 114.90, a P/E/G ratio of 4.77 and a beta of 0.76. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.20. The company has a 50 day moving average price of $482.96 and a 200 day moving average price of $444.03.

Tyler Technologies (NYSE:TYL) last issued its quarterly earnings results on Wednesday, April 24th. The technology company reported $1.74 earnings per share for the quarter, topping the consensus estimate of $1.48 by $0.26. Tyler Technologies had a net margin of 9.50% and a return on equity of 9.35%. The business had revenue of $512.36 million for the quarter, compared to analysts’ expectations of $507.79 million. On average, equities research analysts expect that Tyler Technologies, Inc. will post 7.1 earnings per share for the current fiscal year.

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.