Congress Asset Management Co. MA Purchases Shares of 800 Tyler Technologies, Inc. (NYSE:TYL)

Congress Asset Management Co. MA purchased a new stake in Tyler Technologies, Inc. (NYSE:TYL) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 800 shares of the technology company’s stock, valued at approximately $340,000.

A number of other hedge funds have also recently bought and sold shares of TYL. 17 Capital Partners LLC bought a new position in shares of Tyler Technologies during the 1st quarter worth approximately $718,000. Red Spruce Capital LLC bought a new position in shares of Tyler Technologies during the 1st quarter worth approximately $430,000. Czech National Bank boosted its stake in shares of Tyler Technologies by 0.6% during the 1st quarter. Czech National Bank now owns 7,411 shares of the technology company’s stock worth $3,150,000 after acquiring an additional 42 shares during the period. Clearview Wealth Advisors LLC bought a new position in shares of Tyler Technologies during the 1st quarter worth approximately $312,000. Finally, Mather Group LLC. bought a new position in shares of Tyler Technologies during the 1st quarter worth approximately $109,000. 93.30% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages have recently commented on TYL. Loop Capital lifted their target price on Tyler Technologies from $485.00 to $530.00 and gave the stock a “buy” rating in a research note on Tuesday, May 21st. Robert W. Baird lifted their price objective on Tyler Technologies from $500.00 to $525.00 and gave the company an “outperform” rating in a report on Friday, April 26th. Needham & Company LLC lifted their price objective on Tyler Technologies from $500.00 to $600.00 and gave the company a “buy” rating in a report on Tuesday, May 21st. Truist Financial reiterated a “buy” rating and issued a $560.00 price target (up previously from $510.00) on shares of Tyler Technologies in a research note on Thursday, May 23rd. Finally, Oppenheimer lifted their price target on Tyler Technologies from $500.00 to $550.00 and gave the company an “outperform” rating in a research note on Wednesday, May 22nd. Three research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $519.09.

Insider Activity

In other news, CEO H Lynn Moore, Jr. sold 5,250 shares of the business’s stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of $481.83, for a total value of $2,529,607.50. Following the transaction, the chief executive officer now directly owns 75,000 shares of the company’s stock, valued at approximately $36,137,250. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, insider John S. Marr, Jr. sold 6,000 shares of the stock in a transaction that occurred on Tuesday, May 14th. The stock was sold at an average price of $483.21, for a total value 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 $3,374,255.43. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO H Lynn Moore, Jr. sold 5,250 shares of the stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of $481.83, for a total value of $2,529,607.50. Following the completion of the sale, the chief executive officer now directly owns 75,000 shares of the company’s stock, valued at $36,137,250. The disclosure for this sale can be found here. Insiders have sold 26,241 shares of company stock valued at $12,495,890 in the last ninety days. 2.20% of the stock is owned by company insiders.

Tyler Technologies Trading Up 2.1 %

Shares of TYL stock opened at $489.14 on Monday. The stock’s fifty day simple moving average is $467.47 and its 200 day simple moving average is $438.73. Tyler Technologies, Inc. has a twelve month low of $361.16 and a twelve month high of $500.49. The firm has a market capitalization of $20.77 billion, a P/E ratio of 110.67, a P/E/G ratio of 4.50 and a beta of 0.74. 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 released its quarterly earnings results on Wednesday, April 24th. The technology company reported $1.74 EPS for the quarter, beating analysts’ consensus estimates of $1.48 by $0.26. The firm had revenue of $512.36 million for the quarter, compared to analyst estimates of $507.79 million. Tyler Technologies had a return on equity of 9.35% and a net margin of 9.50%. As a group, sell-side analysts predict that Tyler Technologies, Inc. will post 7.1 EPS for the current fiscal year.

About Tyler Technologies

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.