Massachusetts Financial Services Co. MA Has $527.79 Million Holdings in Tyler Technologies, Inc. (NYSE:TYL)

Massachusetts Financial Services Co. MA raised its stake in Tyler Technologies, Inc. (NYSE:TYL) by 4.2% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 904,175 shares of the technology company’s stock after buying an additional 36,066 shares during the period. Massachusetts Financial Services Co. MA’s holdings in Tyler Technologies were worth $527,785,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Bessemer Group Inc. raised its position in shares of Tyler Technologies by 39.4% in the 1st quarter. Bessemer Group Inc. now owns 6,840 shares of the technology company’s stock valued at $2,906,000 after acquiring an additional 1,935 shares during the period. Natixis increased its position in shares of Tyler Technologies by 114.0% in the 1st quarter. Natixis now owns 2,253 shares of the technology company’s stock valued at $958,000 after buying an additional 1,200 shares in the last quarter. O Shaughnessy Asset Management LLC raised its stake in Tyler Technologies by 143.8% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 1,794 shares of the technology company’s stock worth $762,000 after buying an additional 1,058 shares during the period. Tidal Investments LLC lifted its holdings in Tyler Technologies by 64.8% during the first quarter. Tidal Investments LLC now owns 2,953 shares of the technology company’s stock worth $1,253,000 after acquiring an additional 1,161 shares in the last quarter. Finally, SG Americas Securities LLC grew its stake in Tyler Technologies by 18.3% in the second quarter. SG Americas Securities LLC now owns 8,117 shares of the technology company’s stock valued at $4,081,000 after acquiring an additional 1,255 shares during the period. Institutional investors own 93.30% of the company’s stock.

Insiders Place Their Bets

In related news, Director Glenn A. Carter sold 3,350 shares of the business’s stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $582.57, for a total value of $1,951,609.50. Following the completion of the transaction, the director now owns 2,654 shares of the company’s stock, valued at $1,546,140.78. The trade was a 55.80 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO H Lynn Moore, Jr. sold 5,000 shares of the stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $576.62, for a total transaction of $2,883,100.00. Following the sale, the chief executive officer now owns 75,000 shares in the company, valued at $43,246,500. The trade was a 6.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 27,600 shares of company stock worth $16,412,595 in the last quarter. Corporate insiders own 2.20% of the company’s stock.

Tyler Technologies Stock Down 0.7 %

Tyler Technologies stock opened at $597.21 on Friday. The stock has a market cap of $25.56 billion, a P/E ratio of 108.98, a P/E/G ratio of 5.41 and a beta of 0.77. The company’s 50-day moving average price is $594.40 and its two-hundred day moving average price is $549.91. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.18. Tyler Technologies, Inc. has a twelve month low of $397.80 and a twelve month high of $631.43.

Tyler Technologies (NYSE:TYL) last posted its quarterly earnings data on Wednesday, October 23rd. The technology company reported $2.52 earnings per share for the quarter, topping the consensus estimate of $2.43 by $0.09. Tyler Technologies had a return on equity of 9.79% and a net margin of 11.39%. The firm had revenue of $543.34 million for the quarter, compared to analysts’ expectations of $547.34 million. During the same quarter last year, the business earned $1.66 EPS. The company’s quarterly revenue was up 9.8% compared to the same quarter last year. As a group, analysts expect that Tyler Technologies, Inc. will post 7.39 EPS for the current year.

Wall Street Analyst Weigh In

TYL has been the subject of several research analyst reports. Evercore ISI upgraded Tyler Technologies to a “hold” rating in a research report on Friday, July 26th. The Goldman Sachs Group reissued a “buy” rating and set a $627.00 price objective on shares of Tyler Technologies in a research report on Friday, September 13th. StockNews.com cut Tyler Technologies from a “buy” rating to a “hold” rating in a research note on Wednesday. Piper Sandler lifted their price objective on shares of Tyler Technologies from $625.00 to $701.00 and gave the company an “overweight” rating in a report on Friday, October 25th. Finally, JMP Securities increased their target price on shares of Tyler Technologies from $580.00 to $700.00 and gave the stock a “market outperform” rating in a report on Friday, October 25th. Three investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $642.62.

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.