Greenup Street Wealth Management LLC Purchases Shares of 8,931 Tyler Technologies, Inc. (NYSE:TYL)

Greenup Street Wealth Management LLC acquired a new position in Tyler Technologies, Inc. (NYSE:TYL) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 8,931 shares of the technology company’s stock, valued at approximately $5,150,000. Tyler Technologies accounts for about 1.0% of Greenup Street Wealth Management LLC’s portfolio, making the stock its 26th biggest position.

Other institutional investors also recently modified their holdings of the company. International Assets Investment Management LLC grew its position in Tyler Technologies by 252,047.5% in the 3rd quarter. International Assets Investment Management LLC now owns 307,620 shares of the technology company’s stock valued at $179,564,000 after purchasing an additional 307,498 shares during the period. JPMorgan Chase & Co. grew its holdings in shares of Tyler Technologies by 148.2% in the third quarter. JPMorgan Chase & Co. now owns 461,469 shares of the technology company’s stock valued at $269,369,000 after acquiring an additional 275,511 shares in the last quarter. Seilern Investment Management Ltd bought a new stake in shares of Tyler Technologies during the 4th quarter worth $105,549,000. FMR LLC boosted its stake in Tyler Technologies by 94.1% in the third quarter. FMR LLC now owns 109,319 shares of the technology company’s stock valued at $63,812,000 after acquiring an additional 52,984 shares during the last quarter. Finally, Westwind Capital grew its holdings in Tyler Technologies by 7,614.0% during the third quarter. Westwind Capital now owns 46,361 shares of the technology company’s stock valued at $27,062,000 after purchasing an additional 45,760 shares during the period. 93.30% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. StockNews.com downgraded shares of Tyler Technologies from a “buy” rating to a “hold” rating in a research note on Friday, December 6th. Piper Sandler upped their price target on shares of Tyler Technologies from $625.00 to $701.00 and gave the company an “overweight” rating in a research report on Friday, October 25th. Needham & Company LLC reaffirmed a “buy” rating and issued a $700.00 target price on shares of Tyler Technologies in a research note on Tuesday, January 21st. Truist Financial reaffirmed a “buy” rating and set a $685.00 price target (up previously from $600.00) on shares of Tyler Technologies in a research report on Friday, October 25th. Finally, Oppenheimer raised their target price on shares of Tyler Technologies from $625.00 to $700.00 and gave the stock an “outperform” rating in a research report on Friday, October 25th. Four analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $643.77.

Insider Activity

In related news, CEO H Lynn Moore, Jr. sold 6,250 shares of the firm’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $605.82, for a total transaction of $3,786,375.00. Following the transaction, the chief executive officer now directly owns 75,000 shares in the company, valued at $45,436,500. This trade represents a 7.69 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider John S. Marr, Jr. sold 12,000 shares of the firm’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $613.66, for a total value of $7,363,920.00. Following the completion of the sale, the insider now owns 6,983 shares in the company, valued at $4,285,187.78. The trade was a 63.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 42,252 shares of company stock worth $26,096,928. Company insiders own 2.20% of the company’s stock.

Tyler Technologies Stock Performance

NYSE TYL opened at $607.96 on Tuesday. Tyler Technologies, Inc. has a 52-week low of $397.80 and a 52-week high of $638.56. The firm has a market cap of $26.02 billion, a P/E ratio of 110.94, a P/E/G ratio of 4.55 and a beta of 0.78. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.18. The business’s 50-day moving average price is $598.04 and its 200 day moving average price is $587.39.

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.