Tyler Technologies, Inc. (NYSE:TYL) Shares Acquired by Vanguard Personalized Indexing Management LLC

Vanguard Personalized Indexing Management LLC increased its holdings in Tyler Technologies, Inc. (NYSE:TYL) by 25.3% during the second quarter, HoldingsChannel.com reports. The fund owned 3,527 shares of the technology company’s stock after buying an additional 713 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Tyler Technologies were worth $1,773,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Swedbank AB acquired a new position in Tyler Technologies in the second quarter valued at $251,390,000. APG Asset Management US Inc. acquired a new position in Tyler Technologies in the 4th quarter valued at about $57,493,000. Janus Henderson Group PLC raised its stake in Tyler Technologies by 15.3% during the 1st quarter. Janus Henderson Group PLC now owns 532,935 shares of the technology company’s stock valued at $226,501,000 after acquiring an additional 70,801 shares during the last quarter. Quantum Capital Management LLC NJ raised its stake in 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 valued at $45,799,000 after acquiring an additional 69,189 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its position in Tyler Technologies by 18.3% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 424,982 shares of the technology company’s stock worth $180,622,000 after acquiring an additional 65,814 shares during the period. Hedge funds and other institutional investors own 93.30% of the company’s stock.

Insider Transactions at Tyler Technologies

In other news, CEO H Lynn Moore, Jr. sold 5,000 shares of Tyler Technologies stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $576.62, for a total transaction of $2,883,100.00. Following the completion of the transaction, the chief executive officer now owns 75,000 shares of the company’s stock, valued at approximately $43,246,500. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, CEO H Lynn Moore, Jr. sold 5,000 shares of Tyler Technologies stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $576.62, for a total transaction of $2,883,100.00. Following the completion of the transaction, the chief executive officer now owns 75,000 shares of the company’s stock, valued at approximately $43,246,500. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Brian K. Miller sold 2,000 shares of the business’s stock in a transaction dated Wednesday, August 7th. The shares were sold at an average price of $567.96, for a total transaction of $1,135,920.00. Following the completion of the transaction, the chief financial officer now directly owns 11,950 shares of the company’s stock, valued at approximately $6,787,122. The disclosure for this sale can be found here. Insiders sold 29,375 shares of company stock valued at $17,049,739 in the last 90 days. 2.20% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on TYL shares. Wells Fargo & Company upped their price target on Tyler Technologies from $580.00 to $600.00 and gave the stock an “overweight” rating in a research note on Friday, July 26th. Oppenheimer lifted their price objective on shares of Tyler Technologies from $550.00 to $625.00 and gave the company an “outperform” rating in a research report on Friday, July 26th. JMP Securities lifted their price objective on shares of Tyler Technologies from $490.00 to $580.00 and gave the company a “market outperform” rating in a research report on Monday, July 22nd. BTIG Research lifted their price objective on shares of Tyler Technologies from $550.00 to $630.00 and gave the company a “buy” rating in a research report on Friday, July 26th. Finally, DA Davidson lifted their price objective on shares of Tyler Technologies from $456.00 to $525.00 and gave the company a “neutral” rating in a research report on Friday, July 26th. Four analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $582.31.

Tyler Technologies Price Performance

Shares of NYSE TYL opened at $577.80 on Friday. The firm has a market capitalization of $24.53 billion, a P/E ratio of 130.72, a PEG ratio of 5.42 and a beta of 0.78. Tyler Technologies, Inc. has a one year low of $361.16 and a one year high of $598.93. The company’s fifty day moving average is $570.67 and its two-hundred day moving average is $498.05. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.06 and a current ratio of 1.06.

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