GAMMA Investing LLC Purchases 409 Shares of Tyler Technologies, Inc. (NYSE:TYL)

GAMMA Investing LLC lifted its holdings in Tyler Technologies, Inc. (NYSE:TYL) by 36.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,520 shares of the technology company’s stock after purchasing an additional 409 shares during the quarter. GAMMA Investing LLC’s holdings in Tyler Technologies were worth $876,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Ashton Thomas Securities LLC bought a new stake in shares of Tyler Technologies in the 3rd quarter worth about $27,000. Tobam bought a new stake in Tyler Technologies during the third quarter worth approximately $78,000. Quarry LP purchased a new stake in Tyler Technologies during the third quarter valued at approximately $78,000. Brooklyn Investment Group bought a new stake in shares of Tyler Technologies in the 3rd quarter valued at approximately $79,000. Finally, Mowery & Schoenfeld Wealth Management LLC purchased a new position in shares of Tyler Technologies in the 3rd quarter worth approximately $82,000. Institutional investors own 93.30% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on TYL. StockNews.com downgraded Tyler Technologies from a “buy” rating to a “hold” rating in a research report on Friday, December 6th. Piper Sandler raised their target price on shares of Tyler Technologies from $625.00 to $701.00 and gave the stock an “overweight” rating in a report on Friday, October 25th. Oppenheimer upped their price target on shares of Tyler Technologies from $625.00 to $700.00 and gave the company an “outperform” rating in a report on Friday, October 25th. 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 report on Friday, October 25th. Finally, DA Davidson boosted their target price on Tyler Technologies from $525.00 to $550.00 and gave the company a “neutral” rating in a research report on Thursday, October 17th. Three research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $642.62.

Tyler Technologies Stock Up 1.7 %

Shares of NYSE:TYL opened at $584.17 on Friday. The business’s 50 day moving average is $608.52 and its 200 day moving average is $578.14. The stock has a market cap of $25.00 billion, a P/E ratio of 106.60, a price-to-earnings-growth ratio of 5.54 and a beta of 0.76. Tyler Technologies, Inc. has a 52-week low of $397.80 and a 52-week high of $638.56. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.18.

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

Insider Buying and Selling at Tyler Technologies

In related news, insider John S. Marr, Jr. sold 6,000 shares of Tyler Technologies stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $633.55, for a total transaction of $3,801,300.00. Following the transaction, the insider now directly owns 6,983 shares of the company’s stock, valued at $4,424,079.65. This trade represents a 46.21 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CFO Brian K. Miller sold 2,500 shares of the business’s stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $632.01, for a total transaction of $1,580,025.00. Following the completion of the transaction, the chief financial officer now directly owns 12,198 shares of the company’s stock, valued at $7,709,257.98. This trade represents a 17.01 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 42,252 shares of company stock valued at $26,096,928. Company insiders own 2.20% of the company’s stock.

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.