Tyler Technologies, Inc. (NYSE:TYL) Position Boosted by Xponance Inc.

Xponance Inc. boosted its position in Tyler Technologies, Inc. (NYSE:TYL) by 6.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 9,026 shares of the technology company’s stock after buying an additional 532 shares during the quarter. Xponance Inc.’s holdings in Tyler Technologies were worth $4,538,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Waldron Private Wealth LLC lifted its holdings in shares of Tyler Technologies by 3.5% in the 2nd quarter. Waldron Private Wealth LLC now owns 716 shares of the technology company’s stock worth $360,000 after purchasing an additional 24 shares during the last quarter. Industrial Alliance Investment Management Inc. increased its stake in shares of Tyler Technologies by 4.4% during the first quarter. Industrial Alliance Investment Management Inc. now owns 693 shares of the technology company’s stock valued at $295,000 after acquiring an additional 29 shares during the period. George Kaiser Family Foundation raised its holdings in Tyler Technologies by 0.7% during the second quarter. George Kaiser Family Foundation now owns 4,177 shares of the technology company’s stock worth $2,100,000 after purchasing an additional 29 shares in the last quarter. Benjamin F. Edwards & Company Inc. lifted its position in Tyler Technologies by 3.3% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 1,044 shares of the technology company’s stock worth $444,000 after purchasing an additional 33 shares during the period. Finally, Torray Investment Partners LLC lifted its position in Tyler Technologies by 0.3% in the second quarter. Torray Investment Partners LLC now owns 11,010 shares of the technology company’s stock worth $5,536,000 after purchasing an additional 33 shares during the period. 93.30% of the stock is owned by institutional investors.

Analyst Ratings Changes

TYL has been the topic of a number of research reports. Barclays boosted their price objective on Tyler Technologies from $515.00 to $577.00 and gave the stock an “equal weight” rating in a research note on Friday, July 26th. DA Davidson upped their price target on shares of Tyler Technologies from $456.00 to $525.00 and gave the company a “neutral” rating in a report on Friday, July 26th. Evercore ISI upgraded shares of Tyler Technologies to a “hold” rating in a report on Friday, July 26th. Oppenheimer raised their price objective on Tyler Technologies from $550.00 to $625.00 and gave the stock an “outperform” rating in a research note on Friday, July 26th. Finally, Wells Fargo & Company boosted their target price on Tyler Technologies from $580.00 to $600.00 and gave the stock an “overweight” rating in a research report on Friday, July 26th. Four equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $582.31.

Insider Transactions at Tyler Technologies

In related 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 sale, the chief executive officer now owns 75,000 shares of the company’s stock, valued at $43,246,500. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Tyler Technologies news, CEO H Lynn Moore, Jr. sold 5,000 shares of Tyler Technologies stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $576.62, for a total value of $2,883,100.00. Following the completion of the sale, the chief executive officer now directly owns 75,000 shares in the company, valued at $43,246,500. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO H Lynn Moore, Jr. sold 6,250 shares of the stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $576.49, for a total transaction of $3,603,062.50. Following the transaction, the chief executive officer now owns 75,000 shares in the company, valued at approximately $43,236,750. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 29,375 shares of company stock valued at $17,049,739. 2.20% of the stock is owned by insiders.

Tyler Technologies Trading Down 0.9 %

NYSE:TYL opened at $580.04 on Thursday. The stock has a market cap of $24.63 billion, a PE ratio of 131.23, a price-to-earnings-growth ratio of 5.40 and a beta of 0.78. Tyler Technologies, Inc. has a fifty-two week low of $361.16 and a fifty-two week high of $598.93. 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 stock’s 50-day moving average is $574.10 and its two-hundred day moving average is $501.46.

Tyler Technologies (NYSE:TYL) last announced its quarterly earnings data on Wednesday, July 24th. The technology company reported $2.40 EPS 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 firm had revenue of $540.98 million for the quarter, compared to the consensus estimate of $541.01 million. During the same period in the previous year, the firm posted $1.53 earnings per share. The firm’s revenue was up 7.3% on a year-over-year basis. As a group, equities research analysts forecast that Tyler Technologies, Inc. will post 7.21 earnings per share for the current fiscal year.

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.