Duncker Streett & Co. Inc. Has $748,000 Position in Tyler Technologies, Inc. (NYSE:TYL)

Duncker Streett & Co. Inc. raised its stake in Tyler Technologies, Inc. (NYSE:TYL) by 44.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,788 shares of the technology company’s stock after purchasing an additional 553 shares during the period. Duncker Streett & Co. Inc.’s holdings in Tyler Technologies were worth $748,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Tokio Marine Asset Management Co. Ltd. boosted its position in shares of Tyler Technologies by 7.6% in the third quarter. Tokio Marine Asset Management Co. Ltd. now owns 1,205 shares of the technology company’s stock valued at $465,000 after acquiring an additional 85 shares during the period. Raymond James Trust N.A. boosted its position in shares of Tyler Technologies by 4.9% in the fourth quarter. Raymond James Trust N.A. now owns 1,515 shares of the technology company’s stock valued at $633,000 after acquiring an additional 71 shares during the period. Nordea Investment Management AB boosted its position in shares of Tyler Technologies by 4.6% in the fourth quarter. Nordea Investment Management AB now owns 2,600 shares of the technology company’s stock valued at $1,091,000 after acquiring an additional 115 shares during the period. DNB Asset Management AS bought a new stake in shares of Tyler Technologies in the fourth quarter valued at about $5,040,000. Finally, MCF Advisors LLC bought a new stake in Tyler Technologies during the third quarter worth about $1,737,000. 93.30% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Glenn A. Carter sold 1,650 shares of Tyler Technologies stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $437.84, for a total value of $722,436.00. Following the completion of the sale, the director now owns 2,011 shares of the company’s stock, valued at approximately $880,496.24. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other Tyler Technologies news, CEO H Lynn Moore, Jr. sold 10,000 shares of the firm’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $435.98, for a total value of $4,359,800.00. Following the completion of the transaction, the chief executive officer now owns 75,000 shares in the company, valued at approximately $32,698,500. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Glenn A. Carter sold 1,650 shares of the firm’s stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $437.84, for a total value of $722,436.00. Following the completion of the transaction, the director now owns 2,011 shares of the company’s stock, valued at approximately $880,496.24. The disclosure for this sale can be found here. In the last 90 days, insiders sold 50,608 shares of company stock valued at $21,974,819. 1.50% of the stock is owned by insiders.

Tyler Technologies Stock Performance

Shares of Tyler Technologies stock traded down $1.42 during trading hours on Wednesday, hitting $399.26. 178,366 shares of the company’s stock traded hands, compared to its average volume of 199,392. Tyler Technologies, Inc. has a 12-month low of $361.16 and a 12-month high of $454.74. The stock has a market capitalization of $16.94 billion, a price-to-earnings ratio of 102.64, a PEG ratio of 3.94 and a beta of 0.81. The company has a fifty day simple moving average of $425.50 and a 200-day simple moving average of $413.64. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.86 and a quick ratio of 0.86.

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

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. Needham & Company LLC upped their price objective on shares of Tyler Technologies from $475.00 to $500.00 and gave the stock a “buy” rating in a research report on Thursday, February 15th. JMP Securities reaffirmed a “market outperform” rating and set a $490.00 price objective on shares of Tyler Technologies in a research report on Friday, February 16th. DA Davidson upped their price objective on shares of Tyler Technologies from $412.00 to $434.00 and gave the stock a “neutral” rating in a research report on Thursday, February 22nd. JPMorgan Chase & Co. upped their price objective on shares of Tyler Technologies from $500.00 to $526.00 and gave the stock an “overweight” rating in a research report on Thursday, February 15th. Finally, Piper Sandler boosted their target price on Tyler Technologies from $480.00 to $520.00 and gave the stock an “overweight” rating in a research note on Friday, February 16th. Three equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $457.86.

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.