Oliver Lagore Vanvalin Investment Group Grows Stock Holdings in Tyler Technologies, Inc. (NYSE:TYL)

Oliver Lagore Vanvalin Investment Group raised its position in shares of Tyler Technologies, Inc. (NYSE:TYL) by 48.0% during the fourth quarter, HoldingsChannel reports. The firm owned 2,911 shares of the technology company’s stock after purchasing an additional 944 shares during the period. Oliver Lagore Vanvalin Investment Group’s holdings in Tyler Technologies were worth $1,217,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in TYL. American Century Companies Inc. increased its holdings in shares of Tyler Technologies by 13.1% in the first quarter. American Century Companies Inc. now owns 1,328 shares of the technology company’s stock worth $591,000 after buying an additional 154 shares during the period. Panagora Asset Management Inc. increased its holdings in shares of Tyler Technologies by 69.1% in the first quarter. Panagora Asset Management Inc. now owns 2,431 shares of the technology company’s stock worth $1,082,000 after buying an additional 993 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings in shares of Tyler Technologies by 6.6% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 5,483 shares of the technology company’s stock worth $2,439,000 after buying an additional 340 shares during the period. Raymond James Trust N.A. increased its holdings in shares of Tyler Technologies by 4.3% in the first quarter. Raymond James Trust N.A. now owns 1,047 shares of the technology company’s stock worth $466,000 after buying an additional 43 shares during the period. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Tyler Technologies by 0.8% in the first quarter. Dimensional Fund Advisors LP now owns 118,419 shares of the technology company’s stock worth $52,683,000 after buying an additional 934 shares during the period. Hedge funds and other institutional investors own 93.30% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Tyler Technologies Stock Performance

Shares of NYSE TYL traded down $1.19 during midday trading on Thursday, hitting $401.65. 72,171 shares of the stock traded hands, compared to its average volume of 202,507. The firm has a 50-day moving average of $424.84 and a two-hundred day moving average of $413.56. The firm has a market capitalization of $17.05 billion, a P/E ratio of 103.19, a PEG ratio of 3.93 and a beta of 0.81. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.86 and a current ratio of 0.86. Tyler Technologies, Inc. has a one year low of $361.16 and a one year high of $454.74.

Tyler Technologies (NYSE:TYL) last released its quarterly earnings results on Wednesday, February 14th. The technology company reported $1.39 earnings per share 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 for the quarter, compared to analysts’ expectations of $483.34 million. On average, equities analysts forecast that Tyler Technologies, Inc. will post 6.77 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CEO H Lynn Moore, Jr. sold 1,849 shares of the firm’s stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $421.19, for a total value of $778,780.31. Following the transaction, the chief executive officer now directly owns 79,502 shares of the company’s stock, valued at approximately $33,485,447.38. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Tyler Technologies news, CFO Brian K. Miller sold 5,000 shares of the stock in a transaction on Monday, February 26th. The stock was sold at an average price of $442.99, for a total value of $2,214,950.00. Following the completion of the sale, the chief financial officer now owns 14,610 shares in the company, valued at approximately $6,472,083.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO H Lynn Moore, Jr. sold 1,849 shares of the firm’s stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $421.19, for a total value of $778,780.31. Following the transaction, the chief executive officer now owns 79,502 shares of the company’s stock, valued at approximately $33,485,447.38. The disclosure for this sale can be found here. In the last three months, insiders have sold 50,608 shares of company stock valued at $21,974,819. 2.20% of the stock is owned by company insiders.

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.