Tyler Technologies, Inc. (NYSE:TYL) Shares Bought by HM Payson & Co.

HM Payson & Co. boosted its stake in shares of Tyler Technologies, Inc. (NYSE:TYL) by 1.2% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 63,109 shares of the technology company’s stock after purchasing an additional 768 shares during the period. HM Payson & Co.’s holdings in Tyler Technologies were worth $36,838,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Swedbank AB acquired a new stake in shares of Tyler Technologies during the 2nd quarter valued at about $251,390,000. International Assets Investment Management LLC lifted its stake 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 buying an additional 307,498 shares in the last quarter. Janus Henderson Group PLC lifted its stake in Tyler Technologies by 15.3% in the 1st quarter. Janus Henderson Group PLC now owns 532,935 shares of the technology company’s stock worth $226,501,000 after purchasing an additional 70,801 shares in the last quarter. Quantum Capital Management LLC NJ increased its holdings in shares of Tyler Technologies by 179.4% during the 1st quarter. Quantum Capital Management LLC NJ now owns 107,760 shares of the technology company’s stock worth $45,799,000 after buying an additional 69,189 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD increased its holdings in Tyler Technologies by 18.3% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 424,982 shares of the technology company’s stock valued at $180,622,000 after purchasing an additional 65,814 shares during the last quarter. 93.30% of the stock is owned by institutional investors and hedge funds.

Tyler Technologies Stock Down 0.2 %

Tyler Technologies stock traded down $1.07 during midday trading on Thursday, hitting $613.73. 4,122 shares of the company were exchanged, compared to its average volume of 227,437. The company’s fifty day moving average price is $586.14 and its 200-day moving average price is $530.98. The company has a market cap of $26.27 billion, a PE ratio of 112.20, a price-to-earnings-growth ratio of 5.53 and a beta of 0.78. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.21 and a quick ratio of 1.21. Tyler Technologies, Inc. has a fifty-two week low of $362.50 and a fifty-two week high of $631.43.

Tyler Technologies (NYSE:TYL) last released its quarterly earnings results on Wednesday, October 23rd. The technology company reported $2.52 EPS 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 analyst estimates of $547.34 million. During the same period in the previous year, the company posted $1.66 EPS. Tyler Technologies’s revenue for the quarter was up 9.8% on a year-over-year basis. On average, research analysts predict that Tyler Technologies, Inc. will post 7.3 EPS for the current fiscal year.

Insider Buying and Selling at Tyler Technologies

In other Tyler Technologies news, CFO Brian K. Miller sold 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 7th. The stock was sold at an average price of $567.96, for a total value of $1,135,920.00. Following the transaction, the chief financial officer now directly owns 11,950 shares of the company’s stock, valued at $6,787,122. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other Tyler Technologies news, insider John S. Marr, Jr. sold 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $578.94, for a total value of $2,894,700.00. Following the transaction, the insider now directly owns 6,983 shares of the company’s stock, valued at $4,042,738.02. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Brian K. Miller sold 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 7th. The shares were sold at an average price of $567.96, for a total value of $1,135,920.00. Following the completion of the transaction, the chief financial officer now directly owns 11,950 shares in the company, valued at approximately $6,787,122. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 29,100 shares of company stock valued at $16,890,717 in the last three months. Corporate insiders own 2.20% of the company’s stock.

Wall Street Analyst Weigh In

TYL has been the topic of several recent analyst reports. Oppenheimer increased their target price on Tyler Technologies from $625.00 to $700.00 and gave the company an “outperform” rating in a report on Friday, October 25th. DA Davidson raised their target price on Tyler Technologies from $525.00 to $550.00 and gave the company a “neutral” rating in a report on Thursday, October 17th. Evercore ISI raised shares of Tyler Technologies to a “hold” rating in a research note on Friday, July 26th. Piper Sandler lifted their price target on Tyler Technologies from $625.00 to $701.00 and gave the company an “overweight” rating in a report on Friday, October 25th. Finally, BTIG Research lifted their price target on Tyler Technologies from $550.00 to $630.00 and gave the company a “buy” rating in a report on Friday, July 26th. Two research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price 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.