UMB Bank n.a. Has $665,000 Holdings in Tyler Technologies, Inc. (NYSE:TYL)

UMB Bank n.a. lifted its position in shares of Tyler Technologies, Inc. (NYSE:TYL) by 3.7% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 1,322 shares of the technology company’s stock after purchasing an additional 47 shares during the quarter. UMB Bank n.a.’s holdings in Tyler Technologies were worth $665,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Independence Bank of Kentucky acquired a new stake in shares of Tyler Technologies during the second quarter worth $25,000. Kapitalo Investimentos Ltda bought a new position in Tyler Technologies during the fourth quarter worth $26,000. Covestor Ltd boosted its stake in Tyler Technologies by 153.6% during the first quarter. Covestor Ltd now owns 71 shares of the technology company’s stock worth $30,000 after acquiring an additional 43 shares in the last quarter. Blue Trust Inc. boosted its stake in Tyler Technologies by 329.4% during the second quarter. Blue Trust Inc. now owns 73 shares of the technology company’s stock worth $37,000 after acquiring an additional 56 shares in the last quarter. Finally, Lynx Investment Advisory bought a new position in Tyler Technologies during the second quarter worth $38,000. 93.30% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Tyler Technologies

In related news, insider John S. Marr, Jr. sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $578.94, for a total transaction 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. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO H Lynn Moore, Jr. sold 6,250 shares of the firm’s stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $576.49, for a total transaction of $3,603,062.50. Following the completion of the sale, the chief executive officer now owns 75,000 shares in the company, valued at $43,236,750. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider John S. Marr, Jr. sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $578.94, for a total transaction of $2,894,700.00. Following the sale, the insider now owns 6,983 shares of the company’s stock, valued at approximately $4,042,738.02. The disclosure for this sale can be found here. Insiders have sold 20,325 shares of company stock valued at $11,068,068 over the last ninety days. Corporate insiders own 2.20% of the company’s stock.

Tyler Technologies Stock Up 0.0 %

TYL opened at $587.87 on Friday. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.06 and a quick ratio of 1.06. The company’s 50-day moving average is $547.02 and its 200 day moving average is $482.31. Tyler Technologies, Inc. has a fifty-two week low of $361.16 and a fifty-two week high of $593.50. The firm has a market capitalization of $24.96 billion, a P/E ratio of 133.00, a PEG ratio of 5.40 and a beta of 0.76.

Tyler Technologies (NYSE:TYL) last released its quarterly earnings results on Wednesday, July 24th. The technology company reported $2.40 earnings per share for the quarter, beating analysts’ consensus estimates of $2.34 by $0.06. Tyler Technologies had a net margin of 10.24% and a return on equity of 9.66%. The company had revenue of $540.98 million for the quarter, compared to analyst estimates of $541.01 million. During the same period last year, the firm earned $1.53 earnings per share. The firm’s revenue was up 7.3% on a year-over-year basis. Research analysts expect that Tyler Technologies, Inc. will post 7.21 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on TYL shares. Needham & Company LLC reissued a “buy” rating and set a $600.00 target price on shares of Tyler Technologies in a research note on Thursday, July 25th. Barclays increased their target price on shares of Tyler Technologies from $515.00 to $577.00 and gave the stock an “equal weight” rating in a research note on Friday, July 26th. JMP Securities increased their target price on shares of Tyler Technologies from $490.00 to $580.00 and gave the stock a “market outperform” rating in a research note on Monday, July 22nd. Piper Sandler raised their price objective on shares of Tyler Technologies from $529.00 to $625.00 and gave the company an “overweight” rating in a research note on Friday, July 26th. Finally, Truist Financial reaffirmed a “buy” rating and issued a $600.00 price objective (up from $560.00) on shares of Tyler Technologies in a research note on Friday, July 26th. Four analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $582.31.

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.