Tyler Technologies, Inc. (NYSE:TYL) is Legal Advantage Investments Inc.’s 7th Largest Position

Legal Advantage Investments Inc. reduced its position in shares of Tyler Technologies, Inc. (NYSE:TYL) by 2.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,848 shares of the technology company’s stock after selling 225 shares during the period. Tyler Technologies makes up 3.0% of Legal Advantage Investments Inc.’s portfolio, making the stock its 7th biggest holding. Legal Advantage Investments Inc.’s holdings in Tyler Technologies were worth $5,679,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in TYL. International Assets Investment Management LLC raised its stake in shares of Tyler Technologies by 252,047.5% during the third quarter. International Assets Investment Management LLC now owns 307,620 shares of the technology company’s stock worth $179,564,000 after acquiring an additional 307,498 shares in the last quarter. JPMorgan Chase & Co. increased its stake in shares of Tyler Technologies by 148.2% in the third quarter. JPMorgan Chase & Co. now owns 461,469 shares of the technology company’s stock worth $269,369,000 after buying an additional 275,511 shares during the period. Seilern Investment Management Ltd purchased a new position in shares of Tyler Technologies in the fourth quarter worth $105,549,000. FMR LLC increased its stake in shares of Tyler Technologies by 94.1% in the third quarter. FMR LLC now owns 109,319 shares of the technology company’s stock worth $63,812,000 after buying an additional 52,984 shares during the period. Finally, Westwind Capital increased its stake in shares of Tyler Technologies by 7,614.0% in the third quarter. Westwind Capital now owns 46,361 shares of the technology company’s stock worth $27,062,000 after buying an additional 45,760 shares during the period. Hedge funds and other institutional investors own 93.30% of the company’s stock.

Insider Activity

In other Tyler Technologies news, CFO Brian K. Miller sold 3,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $602.72, for a total value of $1,808,160.00. Following the completion of the transaction, the chief financial officer now directly owns 11,950 shares in the company, valued at $7,202,504. This represents a 20.07 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider John S. Marr, Jr. sold 12,000 shares of the company’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $613.66, for a total value of $7,363,920.00. Following the completion of the transaction, the insider now owns 6,983 shares of the company’s stock, valued at $4,285,187.78. The trade was a 63.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 42,252 shares of company stock valued at $26,096,928 in the last quarter. 1.50% of the stock is currently owned by insiders.

Tyler Technologies Price Performance

TYL opened at $569.18 on Tuesday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.21 and a current ratio of 1.21. The stock has a market capitalization of $24.36 billion, a P/E ratio of 103.87, a P/E/G ratio of 4.42 and a beta of 0.78. The company’s 50-day simple moving average is $599.72 and its two-hundred day simple moving average is $584.55. Tyler Technologies, Inc. has a 52-week low of $397.80 and a 52-week 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 the consensus estimate of $2.43 by $0.09. Tyler Technologies had a net margin of 11.39% and a return on equity of 9.79%. The business had revenue of $543.34 million for the quarter, compared to analysts’ expectations of $547.34 million. During the same quarter in the prior year, the business earned $1.66 EPS. The business’s revenue for the quarter was up 9.8% compared to the same quarter last year. As a group, analysts predict that Tyler Technologies, Inc. will post 7.36 EPS for the current year.

Analysts Set New Price Targets

Several research analysts recently commented on TYL shares. Truist Financial reaffirmed a “buy” rating and issued a $685.00 target price (up from $600.00) on shares of Tyler Technologies in a research note on Friday, October 25th. Piper Sandler boosted their price objective on shares of Tyler Technologies from $625.00 to $701.00 and gave the company an “overweight” rating in a research report on Friday, October 25th. Robert W. Baird boosted their price objective on shares of Tyler Technologies from $625.00 to $700.00 and gave the company an “outperform” rating in a research report on Friday, October 25th. Wells Fargo & Company restated an “equal weight” rating and set a $615.00 target price (down previously from $670.00) on shares of Tyler Technologies in a report on Tuesday, January 7th. Finally, JMP Securities boosted their target price on shares of Tyler Technologies from $580.00 to $700.00 and gave the company a “market outperform” rating in a report on Friday, October 25th. Four analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat, Tyler Technologies currently has a consensus rating of “Moderate Buy” and an average target price of $643.77.

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.