Larson Financial Group LLC Purchases 131 Shares of Tyler Technologies, Inc. (NYSE:TYL)

Larson Financial Group LLC grew its position in Tyler Technologies, Inc. (NYSE:TYL) by 140.9% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 224 shares of the technology company’s stock after acquiring an additional 131 shares during the quarter. Larson Financial Group LLC’s holdings in Tyler Technologies were worth $113,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of TYL. Oregon Public Employees Retirement Fund lifted its position in Tyler Technologies by 1.6% in the second quarter. Oregon Public Employees Retirement Fund now owns 3,648 shares of the technology company’s stock worth $1,834,000 after purchasing an additional 56 shares during the period. Fiera Capital Corp raised its stake in shares of Tyler Technologies by 1.2% in the 2nd quarter. Fiera Capital Corp now owns 185,966 shares of the technology company’s stock valued at $93,500,000 after buying an additional 2,268 shares in the last quarter. Rhumbline Advisers lifted its holdings in shares of Tyler Technologies by 5.1% during the 2nd quarter. Rhumbline Advisers now owns 95,487 shares of the technology company’s stock worth $48,009,000 after acquiring an additional 4,653 shares during the period. Versor Investments LP acquired a new stake in shares of Tyler Technologies during the 2nd quarter valued at about $402,000. Finally, OAKMONT Corp acquired a new position in Tyler Technologies in the second quarter worth about $3,452,000. Institutional investors and hedge funds own 93.30% of the company’s stock.

Tyler Technologies Stock Performance

Shares of Tyler Technologies stock opened at $581.16 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 firm has a 50 day simple moving average of $556.07 and a 200 day simple moving average of $487.69. 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 cap of $24.80 billion, a P/E ratio of 131.48, a P/E/G ratio of 5.43 and a beta of 0.78.

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

Insider Buying and Selling at Tyler Technologies

In other news, CFO Brian K. Miller sold 2,500 shares of Tyler Technologies stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $586.97, for a total transaction of $1,467,425.00. Following the completion of the sale, the chief financial officer now owns 11,950 shares in the company, valued at approximately $7,014,291.50. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other news, insider John S. Marr, Jr. sold 5,000 shares of the stock in a transaction 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 owns 6,983 shares of the company’s stock, valued at approximately $4,042,738.02. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Brian K. Miller sold 2,500 shares of the firm’s stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $586.97, for a total value of $1,467,425.00. Following the completion of the transaction, the chief financial officer now owns 11,950 shares in the company, valued at $7,014,291.50. The disclosure for this sale can be found here. In the last three months, insiders have sold 16,825 shares of company stock worth $9,643,553. Company insiders own 2.20% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on TYL shares. Wells Fargo & Company lifted their price objective on Tyler Technologies from $580.00 to $600.00 and gave the company an “overweight” rating in a report on Friday, July 26th. DA Davidson upped their price target on Tyler Technologies from $456.00 to $525.00 and gave the company a “neutral” rating in a research report on Friday, July 26th. JMP Securities lifted their price objective on Tyler Technologies from $490.00 to $580.00 and gave the company a “market outperform” rating in a report on Monday, July 22nd. Needham & Company LLC reaffirmed a “buy” rating and issued a $600.00 target price on shares of Tyler Technologies in a report on Thursday, July 25th. Finally, Oppenheimer lifted their price target on shares of Tyler Technologies from $550.00 to $625.00 and gave the company an “outperform” rating in a report on Friday, July 26th. Four investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $582.31.

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.