GAMMA Investing LLC Acquires 336 Shares of Tyler Technologies, Inc. (NYSE:TYL)

GAMMA Investing LLC boosted its holdings in Tyler Technologies, Inc. (NYSE:TYL) by 59.2% during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 904 shares of the technology company’s stock after acquiring an additional 336 shares during the quarter. GAMMA Investing LLC’s holdings in Tyler Technologies were worth $455,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. International Assets Investment Management LLC lifted its stake in Tyler Technologies by 41,712.0% during the fourth quarter. International Assets Investment Management LLC now owns 52,265 shares of the technology company’s stock worth $21,853,000 after purchasing an additional 52,140 shares during the last quarter. Commonwealth Equity Services LLC raised its stake in shares of Tyler Technologies by 119.2% during the first quarter. Commonwealth Equity Services LLC now owns 6,517 shares of the technology company’s stock worth $2,770,000 after acquiring an additional 3,544 shares in the last quarter. Bessemer Group Inc. boosted its stake in shares of Tyler Technologies by 39.4% in the 1st quarter. Bessemer Group Inc. now owns 6,840 shares of the technology company’s stock valued at $2,906,000 after purchasing an additional 1,935 shares in the last quarter. Rafferty Asset Management LLC boosted its stake in shares of Tyler Technologies by 26.8% in the 4th quarter. Rafferty Asset Management LLC now owns 13,972 shares of the technology company’s stock valued at $5,842,000 after purchasing an additional 2,951 shares in the last quarter. Finally, APG Asset Management US Inc. bought a new position in shares of Tyler Technologies during the 4th quarter valued at $57,493,000. 93.30% of the stock is currently owned by institutional investors.

Tyler Technologies Stock Up 1.1 %

Shares of NYSE TYL traded up $6.10 during mid-day trading on Friday, hitting $575.81. 271,472 shares of the stock traded hands, compared to its average volume of 266,375. The company has a market cap of $24.57 billion, a price-to-earnings ratio of 130.27, a PEG ratio of 5.25 and a beta of 0.76. The stock has a fifty day moving average price of $507.27 and a 200-day moving average price of $462.60. Tyler Technologies, Inc. has a 52 week low of $361.16 and a 52 week high of $593.50. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.94 and a current ratio of 1.06.

Tyler Technologies (NYSE:TYL) last released its earnings results on Wednesday, July 24th. The technology company reported $2.40 earnings per share for the quarter, topping analysts’ consensus estimates of $2.34 by $0.06. Tyler Technologies had a net margin of 10.24% and a return on equity of 9.66%. The firm had revenue of $540.98 million for the quarter, compared to the consensus estimate of $541.01 million. During the same period in the prior year, the firm earned $1.53 EPS. The company’s revenue was up 7.3% compared to the same quarter last year. Research analysts anticipate that Tyler Technologies, Inc. will post 7.23 EPS for the current year.

Insider Buying and Selling at Tyler Technologies

In other Tyler Technologies news, CFO Brian K. Miller sold 800 shares of Tyler Technologies stock in a transaction on Tuesday, June 11th. The stock was sold at an average price of $479.28, for a total transaction of $383,424.00. Following the completion of the transaction, the chief financial officer now owns 12,736 shares in the company, valued at $6,104,110.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, CFO Brian K. Miller sold 800 shares of the stock in a transaction dated Tuesday, June 11th. The shares were sold at an average price of $479.28, for a total transaction of $383,424.00. Following the sale, the chief financial officer now directly owns 12,736 shares of the company’s stock, valued at approximately $6,104,110.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider John S. Marr, Jr. sold 6,000 shares of Tyler Technologies stock in a transaction dated Tuesday, May 14th. The stock was sold at an average price of $483.21, for a total transaction of $2,899,260.00. Following the completion of the transaction, the insider now directly owns 6,983 shares of the company’s stock, valued at $3,374,255.43. The disclosure for this sale can be found here. Over the last quarter, insiders sold 18,845 shares of company stock valued at $9,118,667. Corporate insiders own 2.20% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on TYL. Loop Capital raised their price objective on Tyler Technologies from $485.00 to $530.00 and gave the company a “buy” rating in a research note on Tuesday, May 21st. Barclays upped their price target on shares of Tyler Technologies from $515.00 to $577.00 and gave the company an “equal weight” rating in a report on Friday, July 26th. Robert W. Baird boosted their price objective on shares of Tyler Technologies from $500.00 to $525.00 and gave the company an “outperform” rating in a research report on Friday, April 26th. Truist Financial reaffirmed a “buy” rating and set a $600.00 price objective (up from $560.00) on shares of Tyler Technologies in a research note on Friday, July 26th. Finally, DA Davidson boosted their price target on Tyler Technologies from $456.00 to $525.00 and gave the company a “neutral” rating in a report on Friday, July 26th. Four research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $582.31.

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.