GW&K Investment Management LLC Buys 31 Shares of Tyler Technologies, Inc. (NYSE:TYL)

GW&K Investment Management LLC grew its position in shares of Tyler Technologies, Inc. (NYSE:TYL) by 0.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,044 shares of the technology company’s stock after buying an additional 31 shares during the quarter. GW&K Investment Management LLC’s holdings in Tyler Technologies were worth $5,035,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of TYL. Norges Bank purchased a new position in shares of Tyler Technologies in the fourth quarter worth approximately $459,691,000. Morgan Stanley increased its stake in shares of Tyler Technologies by 21.1% in the 3rd quarter. Morgan Stanley now owns 1,015,713 shares of the technology company’s stock worth $392,208,000 after purchasing an additional 177,242 shares in the last quarter. Van ECK Associates Corp lifted its position in Tyler Technologies by 13.1% during the fourth quarter. Van ECK Associates Corp now owns 868,016 shares of the technology company’s stock valued at $362,935,000 after purchasing an additional 100,788 shares in the last quarter. Envestnet Asset Management Inc. grew its holdings in Tyler Technologies by 46.7% during the third quarter. Envestnet Asset Management Inc. now owns 171,356 shares of the technology company’s stock valued at $66,167,000 after purchasing an additional 54,560 shares during the period. Finally, Invesco Ltd. increased its position in Tyler Technologies by 6.5% in the third quarter. Invesco Ltd. now owns 860,928 shares of the technology company’s stock worth $332,439,000 after buying an additional 52,798 shares in the last quarter. 93.30% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

TYL has been the subject of a number of recent analyst reports. JMP Securities reaffirmed a “market outperform” rating and issued a $490.00 price objective on shares of Tyler Technologies in a research note on Friday, April 26th. Piper Sandler restated an “overweight” rating and issued a $520.00 target price on shares of Tyler Technologies in a report on Wednesday, April 24th. Oppenheimer increased their price target on shares of Tyler Technologies from $500.00 to $550.00 and gave the company an “outperform” rating in a report on Wednesday. BTIG Research upped their price objective on Tyler Technologies from $515.00 to $550.00 and gave the company a “buy” rating in a research report on Wednesday. Finally, Loop Capital raised their price target on Tyler Technologies from $485.00 to $530.00 and gave the stock a “buy” rating in a research report on Tuesday. Three analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $514.55.

Insider Buying and Selling at Tyler Technologies

In related news, insider John S. Marr, Jr. sold 6,500 shares of Tyler Technologies stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $438.98, for a total value of $2,853,370.00. Following the completion of the sale, the insider now directly owns 6,400 shares in the company, valued at approximately $2,809,472. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Daniel M. Pope sold 520 shares of Tyler Technologies stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $491.18, for a total transaction of $255,413.60. Following the completion of the sale, the director now owns 3,493 shares of the company’s stock, valued at $1,715,691.74. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider John S. Marr, Jr. sold 6,500 shares of the company’s stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $438.98, for a total value of $2,853,370.00. Following the completion of the sale, the insider now owns 6,400 shares in the company, valued at approximately $2,809,472. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 52,549 shares of company stock worth $23,571,620. 2.20% of the stock is owned by insiders.

Tyler Technologies Stock Up 0.3 %

Shares of Tyler Technologies stock opened at $497.50 on Thursday. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.20. The company has a market cap of $21.12 billion, a P/E ratio of 112.56, a PEG ratio of 4.63 and a beta of 0.76. The firm’s 50 day moving average price is $440.41 and its 200-day moving average price is $428.21. Tyler Technologies, Inc. has a 52-week low of $361.16 and a 52-week high of $500.49.

Tyler Technologies (NYSE:TYL) last issued its quarterly earnings results on Wednesday, April 24th. The technology company reported $1.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.48 by $0.26. The business had revenue of $512.36 million for the quarter, compared to the consensus estimate of $507.79 million. Tyler Technologies had a return on equity of 9.35% and a net margin of 9.50%. On average, sell-side analysts predict that Tyler Technologies, Inc. will post 7.14 EPS for the current fiscal year.

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.