Procyon Advisors LLC Acquires 158 Shares of Tyler Technologies, Inc. (NYSE:TYL)

Procyon Advisors LLC boosted its holdings in shares of Tyler Technologies, Inc. (NYSE:TYL) by 7.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,361 shares of the technology company’s stock after purchasing an additional 158 shares during the quarter. Procyon Advisors LLC’s holdings in Tyler Technologies were worth $987,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Clear Street Markets LLC increased its stake in Tyler Technologies by 95.2% in the 1st quarter. Clear Street Markets LLC now owns 82 shares of the technology company’s stock worth $29,000 after acquiring an additional 40 shares during the last quarter. Cornerstone Planning Group LLC bought a new stake in Tyler Technologies in the 2nd quarter worth approximately $49,000. International Assets Investment Management LLC bought a new stake in Tyler Technologies in the 3rd quarter worth approximately $48,000. Column Capital Advisors LLC increased its stake in Tyler Technologies by 50.5% in the 3rd quarter. Column Capital Advisors LLC now owns 146 shares of the technology company’s stock worth $56,000 after acquiring an additional 49 shares during the last quarter. Finally, Headinvest LLC purchased a new position in shares of Tyler Technologies in the 3rd quarter worth approximately $78,000. Institutional investors own 93.30% of the company’s stock.

Insider Buying and Selling at Tyler Technologies

In other news, CEO H Lynn Moore, Jr. sold 7,500 shares of the business’s stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $435.19, for a total value of $3,263,925.00. Following the completion of the transaction, the chief executive officer now directly owns 75,000 shares of the company’s stock, valued at approximately $32,639,250. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, insider John S. Marr, Jr. sold 6,500 shares of the company’s stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $437.49, for a total transaction of $2,843,685.00. Following the transaction, the insider now directly owns 6,400 shares of the company’s stock, valued at approximately $2,799,936. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO H Lynn Moore, Jr. sold 7,500 shares of the business’s stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $435.19, for a total value of $3,263,925.00. Following the sale, the chief executive officer now owns 75,000 shares in the company, valued at approximately $32,639,250. The disclosure for this sale can be found here. Insiders sold a total of 50,608 shares of company stock valued at $21,974,819 in the last ninety days. Corporate insiders own 2.20% of the company’s stock.

Tyler Technologies Stock Up 0.4 %

NYSE TYL traded up $1.62 on Thursday, reaching $422.22. 12,144 shares of the stock traded hands, compared to its average volume of 198,523. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.86 and a current ratio of 0.86. The company has a fifty day moving average price of $430.35 and a 200-day moving average price of $410.60. The company has a market cap of $17.85 billion, a price-to-earnings ratio of 108.09, a PEG ratio of 4.12 and a beta of 0.82. Tyler Technologies, Inc. has a 12 month low of $333.09 and a 12 month high of $454.74.

Tyler Technologies (NYSE:TYL) last issued its earnings results on Wednesday, February 14th. The technology company reported $1.39 earnings per share for the quarter, beating analysts’ consensus estimates of $1.33 by $0.06. The business had revenue of $480.94 million during the quarter, compared to analyst estimates of $483.34 million. Tyler Technologies had a return on equity of 8.85% and a net margin of 8.50%. As a group, research analysts forecast that Tyler Technologies, Inc. will post 6.77 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. JPMorgan Chase & Co. lifted their target price on Tyler Technologies from $500.00 to $526.00 and gave the stock an “overweight” rating in a report on Thursday, February 15th. Needham & Company LLC lifted their target price on Tyler Technologies from $475.00 to $500.00 and gave the stock a “buy” rating in a report on Thursday, February 15th. Piper Sandler lifted their target price on Tyler Technologies from $480.00 to $520.00 and gave the stock an “overweight” rating in a report on Friday, February 16th. DA Davidson lifted their target price on Tyler Technologies from $412.00 to $434.00 and gave the stock a “neutral” rating in a report on Thursday, February 22nd. Finally, JMP Securities reiterated a “market outperform” rating and issued a $490.00 target price on shares of Tyler Technologies in a report on Friday, February 16th. Three analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, Tyler Technologies presently has an average rating of “Moderate Buy” and an average price target of $457.86.

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.