Benjamin F. Edwards & Company Inc. Has $561,000 Position in Tyler Technologies, Inc. (NYSE:TYL)

Benjamin F. Edwards & Company Inc. grew its position in Tyler Technologies, Inc. (NYSE:TYL) by 6.9% during the 2nd quarter, HoldingsChannel reports. The firm owned 1,116 shares of the technology company’s stock after purchasing an additional 72 shares during the quarter. Benjamin F. Edwards & Company Inc.’s holdings in Tyler Technologies were worth $561,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. raised its stake in Tyler Technologies by 1.1% during the 1st quarter. Vanguard Group Inc. now owns 5,022,053 shares of the technology company’s stock worth $2,134,423,000 after buying an additional 53,005 shares during the period. Principal Financial Group Inc. lifted its holdings in shares of Tyler Technologies by 3.3% during the 1st quarter. Principal Financial Group Inc. now owns 1,309,715 shares of the technology company’s stock valued at $556,642,000 after purchasing an additional 41,485 shares in the last quarter. Van ECK Associates Corp grew its position in shares of Tyler Technologies by 6.3% in the 1st quarter. Van ECK Associates Corp now owns 922,942 shares of the technology company’s stock valued at $392,259,000 after purchasing an additional 54,926 shares during the period. Janus Henderson Group PLC increased 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 worth $226,501,000 after purchasing an additional 70,801 shares in the last quarter. Finally, Swedbank AB acquired a new stake in Tyler Technologies during the 2nd quarter worth approximately $251,390,000. 93.30% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Tyler Technologies news, insider John S. Marr, Jr. sold 5,000 shares of the company’s 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 directly owns 6,983 shares of the company’s stock, valued at approximately $4,042,738.02. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other Tyler Technologies news, insider John S. Marr, Jr. sold 5,000 shares of the business’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $578.94, for a total value of $2,894,700.00. Following the completion of the sale, 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 legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO H Lynn Moore, Jr. sold 6,250 shares of Tyler Technologies stock in a transaction that occurred on 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 of the company’s stock, valued at $43,236,750. The disclosure for this sale can be found here. In the last ninety days, insiders sold 29,375 shares of company stock valued at $17,049,739. Insiders own 2.20% of the company’s stock.

Tyler Technologies Stock Performance

Shares of NYSE TYL opened at $585.15 on Wednesday. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.19. The stock has a 50 day moving average of $573.06 and a 200-day moving average of $500.90. Tyler Technologies, Inc. has a 12 month low of $361.16 and a 12 month high of $598.93. The company has a market capitalization of $24.84 billion, a P/E ratio of 132.39, a P/E/G ratio of 5.42 and a beta of 0.78.

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 the consensus estimate of $2.34 by $0.06. Tyler Technologies had a net margin of 10.24% and a return on equity of 9.66%. The firm had revenue of $540.98 million for the quarter, compared to analysts’ expectations of $541.01 million. During the same period in the prior year, the firm earned $1.53 EPS. The business’s revenue was up 7.3% on a year-over-year basis. As a group, equities research analysts predict that Tyler Technologies, Inc. will post 7.21 EPS for the current year.

Wall Street Analysts Forecast Growth

TYL has been the subject of several research reports. Oppenheimer increased their price objective on shares of Tyler Technologies from $550.00 to $625.00 and gave the stock an “outperform” rating in a research report on Friday, July 26th. Evercore ISI upgraded Tyler Technologies to a “hold” rating in a report on Friday, July 26th. JMP Securities boosted their price target on Tyler Technologies from $490.00 to $580.00 and gave the company a “market outperform” rating in a report on Monday, July 22nd. Piper Sandler increased their price objective on Tyler Technologies from $529.00 to $625.00 and gave the stock an “overweight” rating in a report on Friday, July 26th. Finally, BTIG Research boosted their target price on Tyler Technologies from $550.00 to $630.00 and gave the company a “buy” rating in a research note on Friday, July 26th. Four equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, Tyler Technologies presently has an average rating of “Moderate Buy” and an average target price of $582.31.

Tyler Technologies 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.