Burney Co. Boosts Holdings in Tyler Technologies, Inc. (NYSE:TYL)

Burney Co. increased its position in Tyler Technologies, Inc. (NYSE:TYL) by 21.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 977 shares of the technology company’s stock after purchasing an additional 170 shares during the quarter. Burney Co.’s holdings in Tyler Technologies were worth $563,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. International Assets Investment Management LLC boosted its position in Tyler Technologies by 252,047.5% in the 3rd quarter. International Assets Investment Management LLC now owns 307,620 shares of the technology company’s stock valued at $179,564,000 after buying an additional 307,498 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in Tyler Technologies by 148.2% in the third quarter. JPMorgan Chase & Co. now owns 461,469 shares of the technology company’s stock valued at $269,369,000 after purchasing an additional 275,511 shares during the last quarter. FMR LLC grew its stake in Tyler Technologies by 94.1% during the 3rd quarter. FMR LLC now owns 109,319 shares of the technology company’s stock valued at $63,812,000 after purchasing an additional 52,984 shares in the last quarter. Westwind Capital grew its stake in Tyler Technologies by 7,614.0% during the 3rd quarter. Westwind Capital now owns 46,361 shares of the technology company’s stock valued at $27,062,000 after purchasing an additional 45,760 shares in the last quarter. Finally, Assenagon Asset Management S.A. increased its holdings in Tyler Technologies by 120.8% during the 4th quarter. Assenagon Asset Management S.A. now owns 81,487 shares of the technology company’s stock worth $46,989,000 after purchasing an additional 44,584 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, CEO H Lynn Moore, Jr. sold 6,250 shares of the stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $605.82, for a total value of $3,786,375.00. Following the completion of the transaction, the chief executive officer now owns 75,000 shares in the company, valued at $45,436,500. This represents a 7.69 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Brian K. Miller sold 6,752 shares of the business’s stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $613.75, for a total transaction of $4,144,040.00. Following the sale, the chief financial officer now owns 11,918 shares in the company, valued at $7,314,672.50. This trade represents a 36.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 42,252 shares of company stock worth $26,096,928 in the last three months. 1.50% of the stock is owned by company insiders.

Tyler Technologies Stock Performance

Shares of TYL opened at $569.18 on Friday. The firm has a fifty day moving average of $600.60 and a 200-day moving average of $583.07. The company has a market cap of $24.36 billion, a price-to-earnings ratio of 103.87, a price-to-earnings-growth ratio of 4.35 and a beta of 0.78. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.21 and a current ratio of 1.21. Tyler Technologies, Inc. has a 1 year low of $397.80 and a 1 year high of $638.56.

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

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Oppenheimer raised their price target on shares of Tyler Technologies from $625.00 to $700.00 and gave the stock an “outperform” rating in a research report on Friday, October 25th. Needham & Company LLC raised their price objective on shares of Tyler Technologies from $600.00 to $700.00 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. Robert W. Baird boosted their target price on shares of Tyler Technologies from $625.00 to $700.00 and gave the stock an “outperform” rating in a research report on Friday, October 25th. StockNews.com cut shares of Tyler Technologies from a “buy” rating to a “hold” rating in a research report on Friday, December 6th. Finally, JMP Securities boosted their price objective on Tyler Technologies from $580.00 to $700.00 and gave the company a “market outperform” rating in a report on Friday, October 25th. Four equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $643.77.

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.