Linden Thomas Advisory Services LLC Boosts Stock Holdings in Tyler Technologies, Inc. (NYSE:TYL)

Linden Thomas Advisory Services LLC raised its holdings in shares of Tyler Technologies, Inc. (NYSE:TYL) by 2.0% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 4,764 shares of the technology company’s stock after acquiring an additional 92 shares during the period. Linden Thomas Advisory Services LLC’s holdings in Tyler Technologies were worth $1,992,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. Parkside Financial Bank & Trust boosted its position in Tyler Technologies by 6.4% during the fourth quarter. Parkside Financial Bank & Trust now owns 832 shares of the technology company’s stock valued at $348,000 after buying an additional 50 shares during the period. California Public Employees Retirement System boosted its holdings in shares of Tyler Technologies by 0.5% during the fourth quarter. California Public Employees Retirement System now owns 241,604 shares of the technology company’s stock worth $101,019,000 after purchasing an additional 1,159 shares during the period. CWM LLC boosted its holdings in shares of Tyler Technologies by 10.8% during the fourth quarter. CWM LLC now owns 573 shares of the technology company’s stock worth $240,000 after purchasing an additional 56 shares during the period. Verdence Capital Advisors LLC purchased a new stake in shares of Tyler Technologies during the fourth quarter worth about $220,000. Finally, Lindbrook Capital LLC boosted its holdings in shares of Tyler Technologies by 50.6% during the fourth quarter. Lindbrook Capital LLC now owns 116 shares of the technology company’s stock worth $49,000 after purchasing an additional 39 shares during the period. 93.30% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have recently weighed in on TYL. JPMorgan Chase & Co. increased their target price on shares of Tyler Technologies from $500.00 to $526.00 and gave the stock an “overweight” rating in a report on Thursday, February 15th. Piper Sandler increased their target price on shares of Tyler Technologies from $480.00 to $520.00 and gave the stock an “overweight” rating in a report on Friday, February 16th. DA Davidson increased their target price on shares of Tyler Technologies from $412.00 to $434.00 and gave the stock a “neutral” rating in a report on Thursday, February 22nd. JMP Securities reiterated a “market outperform” rating and set a $490.00 target price on shares of Tyler Technologies in a report on Friday, February 16th. Finally, Needham & Company LLC increased their price target on shares of Tyler Technologies from $475.00 to $500.00 and gave the stock a “buy” rating in a research note on Thursday, February 15th. Three analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, Tyler Technologies presently has a consensus rating of “Moderate Buy” and a consensus price target of $460.46.

Tyler Technologies Stock Up 1.6 %

Shares of NYSE TYL traded up $6.48 on Tuesday, reaching $417.89. 121,008 shares of the company’s stock traded hands, compared to its average volume of 204,791. Tyler Technologies, Inc. has a 12 month low of $361.16 and a 12 month high of $454.74. The business’s 50 day simple moving average is $422.97 and its two-hundred day simple moving average is $414.28. The company has a market cap of $17.74 billion, a price-to-earnings ratio of 105.76, a price-to-earnings-growth ratio of 3.97 and a beta of 0.81. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.20.

Tyler Technologies (NYSE:TYL) last announced 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. Tyler Technologies had a net margin of 8.50% and a return on equity of 8.85%. The business had revenue of $480.94 million during the quarter, compared to the consensus estimate of $483.34 million. As a group, equities research analysts forecast that Tyler Technologies, Inc. will post 6.77 EPS for the current fiscal year.

Insider Buying and Selling at Tyler Technologies

In related news, CEO H Lynn Moore, Jr. sold 1,849 shares of the firm’s stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $421.19, for a total transaction of $778,780.31. Following the completion of the sale, the chief executive officer now owns 79,502 shares of the company’s stock, valued at $33,485,447.38. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CEO H Lynn Moore, Jr. sold 1,849 shares of the firm’s stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $421.19, for a total transaction of $778,780.31. Following the completion of the sale, the chief executive officer now owns 79,502 shares of the company’s stock, valued at $33,485,447.38. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO H Lynn Moore, Jr. sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $435.98, for a total transaction of $4,359,800.00. Following the sale, the chief executive officer now directly owns 75,000 shares of the company’s stock, valued at approximately $32,698,500. The disclosure for this sale can be found here. Over the last quarter, insiders sold 50,608 shares of company stock valued at $21,974,819. Corporate insiders own 1.50% of the company’s stock.

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.