Tyler Technologies, Inc. (NYSE:TYL) Shares Acquired by Oliver Lagore Vanvalin Investment Group

Oliver Lagore Vanvalin Investment Group increased its holdings in shares of Tyler Technologies, Inc. (NYSE:TYL) by 3.9% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,556 shares of the technology company’s stock after purchasing an additional 135 shares during the quarter. Oliver Lagore Vanvalin Investment Group’s holdings in Tyler Technologies were worth $1,788,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Independence Bank of Kentucky acquired a new stake in shares of Tyler Technologies in the second quarter valued at $25,000. Kapitalo Investimentos Ltda acquired a new stake in shares of Tyler Technologies during the fourth quarter worth about $26,000. Covestor Ltd boosted its stake in shares of Tyler Technologies by 153.6% in the first quarter. Covestor Ltd now owns 71 shares of the technology company’s stock valued at $30,000 after purchasing an additional 43 shares during the period. Blue Trust Inc. grew its holdings in shares of Tyler Technologies by 329.4% in the second quarter. Blue Trust Inc. now owns 73 shares of the technology company’s stock valued at $37,000 after purchasing an additional 56 shares in the last quarter. Finally, Lynx Investment Advisory acquired a new position in shares of Tyler Technologies in the second quarter valued at approximately $38,000. 93.30% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. DA Davidson raised their price target on shares of Tyler Technologies from $456.00 to $525.00 and gave the company a “neutral” rating in a research report on Friday, July 26th. Needham & Company LLC reiterated a “buy” rating and issued a $600.00 target price on shares of Tyler Technologies in a report on Thursday, July 25th. The Goldman Sachs Group restated a “buy” rating and set a $627.00 price target on shares of Tyler Technologies in a report on Friday, September 13th. Oppenheimer lifted their price objective on Tyler Technologies from $550.00 to $625.00 and gave the company an “outperform” rating in a research note on Friday, July 26th. Finally, Truist Financial restated a “buy” rating and set a $600.00 target price (up from $560.00) on shares of Tyler Technologies in a research note on Friday, July 26th. Four analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $582.31.

Tyler Technologies Trading Down 0.3 %

NYSE TYL opened at $577.52 on Friday. The firm’s fifty day moving average is $576.23 and its two-hundred day moving average is $503.03. Tyler Technologies, Inc. has a one year low of $361.16 and a one year high of $598.93. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.06 and a current ratio of 1.06. The firm has a market cap of $24.64 billion, a PE ratio of 130.66, a P/E/G ratio of 5.41 and a beta of 0.78.

Tyler Technologies (NYSE:TYL) last posted its quarterly earnings data on Wednesday, July 24th. The technology company reported $2.40 EPS for the quarter, beating the consensus estimate of $2.34 by $0.06. Tyler Technologies had a return on equity of 9.66% and a net margin of 10.24%. The firm had revenue of $540.98 million during the quarter, compared to the consensus estimate of $541.01 million. During the same period in the prior year, the business earned $1.53 EPS. The firm’s revenue was up 7.3% compared to the same quarter last year. Analysts expect that Tyler Technologies, Inc. will post 7.21 earnings per share for the current year.

Insider Activity at Tyler Technologies

In other news, insider John S. Marr, Jr. sold 5,000 shares of Tyler Technologies 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 sale, the insider now owns 6,983 shares of the company’s stock, valued at $4,042,738.02. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, Director Daniel M. Pope sold 275 shares of the firm’s stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $578.26, for a total value of $159,021.50. Following the completion of the sale, the director now owns 3,218 shares in the company, valued at $1,860,840.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider John S. Marr, Jr. sold 5,000 shares of the company’s stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $578.94, for a total transaction of $2,894,700.00. Following the transaction, the insider now owns 6,983 shares in the company, valued at $4,042,738.02. The disclosure for this sale can be found here. Insiders have sold a total of 29,375 shares of company stock worth $17,049,739 in the last three months. Insiders own 2.20% of the company’s stock.

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.