Cerity Partners LLC Acquires 1,451 Shares of Tyler Technologies, Inc. (NYSE:TYL)

Cerity Partners LLC boosted its holdings in Tyler Technologies, Inc. (NYSE:TYL) by 60.6% in the 3rd quarter, Holdings Channel.com reports. The firm owned 3,847 shares of the technology company’s stock after acquiring an additional 1,451 shares during the period. Cerity Partners LLC’s holdings in Tyler Technologies were worth $2,246,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of TYL. Tidal Investments LLC boosted its stake in shares of Tyler Technologies by 64.8% in the first quarter. Tidal Investments LLC now owns 2,953 shares of the technology company’s stock valued at $1,253,000 after buying an additional 1,161 shares during the period. Atria Investments Inc grew its stake in Tyler Technologies by 4.4% during the first quarter. Atria Investments Inc now owns 3,768 shares of the technology company’s stock worth $1,601,000 after buying an additional 160 shares in the last quarter. Cetera Investment Advisers increased its holdings in Tyler Technologies by 665.0% in the 1st quarter. Cetera Investment Advisers now owns 14,199 shares of the technology company’s stock valued at $6,035,000 after buying an additional 12,343 shares during the period. Cetera Advisors LLC raised its position in shares of Tyler Technologies by 592.2% in the 1st quarter. Cetera Advisors LLC now owns 4,243 shares of the technology company’s stock valued at $1,803,000 after buying an additional 3,630 shares in the last quarter. Finally, GAMMA Investing LLC lifted its holdings in shares of Tyler Technologies by 59.2% during the 2nd quarter. GAMMA Investing LLC now owns 904 shares of the technology company’s stock worth $455,000 after acquiring an additional 336 shares during the period. Institutional investors own 93.30% of the company’s stock.

Insider Activity at Tyler Technologies

In other Tyler Technologies news, CFO Brian K. Miller sold 2,500 shares of Tyler Technologies stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $624.41, for a total value of $1,561,025.00. Following the completion of the sale, the chief financial officer now directly owns 11,950 shares in the company, valued at approximately $7,461,699.50. The trade was a 17.30 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Glenn A. Carter sold 3,350 shares of the firm’s stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $582.57, for a total transaction of $1,951,609.50. Following the sale, the director now directly owns 2,654 shares of the company’s stock, valued at approximately $1,546,140.78. This trade represents a 55.80 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 37,100 shares of company stock worth $22,309,090 over the last quarter. Company insiders own 2.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on TYL shares. Truist Financial reissued a “buy” rating and issued a $685.00 price objective (up from $600.00) on shares of Tyler Technologies in a research note on Friday, October 25th. The Goldman Sachs Group reissued a “buy” rating and set a $627.00 price target on shares of Tyler Technologies in a report on Friday, September 13th. Piper Sandler raised their price objective on Tyler Technologies from $625.00 to $701.00 and gave the company an “overweight” rating in a research note on Friday, October 25th. Barclays lifted their target price on Tyler Technologies from $700.00 to $705.00 and gave the company an “overweight” rating in a research report on Friday, October 25th. Finally, Oppenheimer increased their target price on shares of Tyler Technologies from $625.00 to $700.00 and gave the stock an “outperform” rating in a report on Friday, October 25th. Two equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat.com, Tyler Technologies presently has a consensus rating of “Moderate Buy” and an average price target of $642.62.

Tyler Technologies Price Performance

Shares of TYL opened at $629.17 on Monday. The business has a 50-day moving average of $600.16 and a 200-day moving average of $557.28. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.21 and a quick ratio of 1.21. The company has a market capitalization of $26.93 billion, a price-to-earnings ratio of 114.81, a price-to-earnings-growth ratio of 5.70 and a beta of 0.77. Tyler Technologies, Inc. has a 1 year low of $397.80 and a 1 year high of $637.53.

Tyler Technologies (NYSE:TYL) last released its earnings results on Wednesday, October 23rd. The technology company reported $2.52 earnings per share for the quarter, beating analysts’ consensus estimates of $2.43 by $0.09. The business had revenue of $543.34 million during the quarter, compared to the consensus estimate of $547.34 million. Tyler Technologies had a net margin of 11.39% and a return on equity of 9.79%. The company’s revenue for the quarter was up 9.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.66 EPS. As a group, equities research analysts anticipate that Tyler Technologies, Inc. will post 7.36 earnings per share for the current year.

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.