Lombard Odier Asset Management USA Corp Takes Position in Tyler Technologies, Inc. (NYSE:TYL)

Lombard Odier Asset Management USA Corp bought a new stake in Tyler Technologies, Inc. (NYSE:TYL) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 2,751 shares of the technology company’s stock, valued at approximately $1,383,000.

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

Insider Activity at Tyler Technologies

In related news, 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 value of $1,135,920.00. Following the completion of the transaction, the chief financial officer now owns 11,950 shares of the company’s stock, valued at approximately $6,787,122. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, 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 value of $1,135,920.00. Following the completion of the transaction, the chief financial officer now owns 11,950 shares of the company’s stock, valued at approximately $6,787,122. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO H Lynn Moore, Jr. sold 6,250 shares of the business’s stock in a transaction dated 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 transaction, the chief executive officer now directly owns 75,000 shares of the company’s stock, valued at approximately $43,236,750. The disclosure for this sale can be found here. In the last quarter, insiders 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 0.4 %

NYSE:TYL opened at $577.80 on Monday. The company has a market capitalization of $24.53 billion, a PE ratio of 130.72, a price-to-earnings-growth ratio of 5.42 and a beta of 0.78. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.19. Tyler Technologies, Inc. has a 52-week low of $361.16 and a 52-week high of $598.93. The stock has a fifty day simple moving average of $570.67 and a 200-day simple moving average of $498.60.

Tyler Technologies (NYSE:TYL) last announced its 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 during the quarter, compared to the consensus estimate of $541.01 million. During the same quarter in the previous year, the company posted $1.53 EPS. The firm’s revenue for the quarter was up 7.3% on a year-over-year basis. On average, equities research analysts expect that Tyler Technologies, Inc. will post 7.21 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on TYL. Needham & Company LLC reiterated a “buy” rating and issued a $600.00 price objective on shares of Tyler Technologies in a research report on Thursday, July 25th. Piper Sandler lifted their price objective on shares of Tyler Technologies from $529.00 to $625.00 and gave the company an “overweight” rating in a research report on Friday, July 26th. Barclays boosted their target price on shares of Tyler Technologies from $515.00 to $577.00 and gave the stock an “equal weight” rating in a research report on Friday, July 26th. The Goldman Sachs Group restated a “buy” rating and set a $627.00 target price on shares of Tyler Technologies in a research report on Friday, September 13th. Finally, JMP Securities boosted their target price on shares of Tyler Technologies from $490.00 to $580.00 and gave the stock a “market outperform” rating in a research report on Monday, July 22nd. Four analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $582.31.

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.