Lynx Investment Advisory Purchases New Shares in Tyler Technologies, Inc. (NYSE:TYL)

Lynx Investment Advisory bought a new position in Tyler Technologies, Inc. (NYSE:TYL) in the 2nd quarter, HoldingsChannel.com reports. The institutional investor bought 75 shares of the technology company’s stock, valued at approximately $38,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Kapitalo Investimentos Ltda purchased a new position in shares of Tyler Technologies during the 4th quarter worth approximately $26,000. Covestor Ltd grew its stake in Tyler Technologies by 153.6% in the first quarter. Covestor Ltd now owns 71 shares of the technology company’s stock worth $30,000 after purchasing an additional 43 shares during the period. Livforsakringsbolaget Skandia Omsesidigt bought a new position in Tyler Technologies in the fourth quarter worth $31,000. Headlands Technologies LLC bought a new stake in shares of Tyler Technologies during the 4th quarter valued at $40,000. Finally, Larson Financial Group LLC boosted its holdings in shares of Tyler Technologies by 675.0% during the 1st quarter. Larson Financial Group LLC now owns 93 shares of the technology company’s stock valued at $40,000 after buying an additional 81 shares in the last quarter. Hedge funds and other institutional investors own 93.30% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on TYL. Piper Sandler lifted their price target on shares of Tyler Technologies from $529.00 to $625.00 and gave the company an “overweight” rating in a research report on Friday, July 26th. Wells Fargo & Company lifted their price objective on Tyler Technologies from $580.00 to $600.00 and gave the company an “overweight” rating in a research note on Friday, July 26th. BTIG Research increased their target price on Tyler Technologies from $550.00 to $630.00 and gave the stock a “buy” rating in a research note on Friday, July 26th. Barclays lifted their price target on Tyler Technologies from $515.00 to $577.00 and gave the stock an “equal weight” rating in a research report on Friday, July 26th. Finally, Robert W. Baird raised their price objective on shares of Tyler Technologies from $500.00 to $525.00 and gave the company an “outperform” rating in a research note on Friday, April 26th. Four equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $582.31.

Insider Buying and Selling at Tyler Technologies

In other Tyler Technologies news, insider John S. Marr, Jr. sold 6,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 14th. The shares were sold at an average price of $483.21, for a total transaction of $2,899,260.00. Following the completion of the sale, the insider now directly owns 6,983 shares of the company’s stock, valued at $3,374,255.43. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other Tyler Technologies news, insider John S. Marr, Jr. sold 6,000 shares of the business’s 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 sale, the insider now owns 6,983 shares of the company’s stock, valued at $3,374,255.43. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Daniel M. Pope sold 520 shares of the company’s stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $491.18, for a total value of $255,413.60. Following the completion of the sale, the director now owns 3,493 shares of the company’s stock, valued at approximately $1,715,691.74. The disclosure for this sale can be found here. Insiders sold a total of 13,595 shares of company stock worth $6,589,059 in the last three months. 2.20% of the stock is currently owned by company insiders.

Tyler Technologies Stock Performance

NYSE:TYL traded up $5.14 during trading hours on Wednesday, reaching $575.77. The company had a trading volume of 91,259 shares, compared to its average volume of 226,973. The firm has a market cap of $24.57 billion, a price-to-earnings ratio of 129.10, a PEG ratio of 5.31 and a beta of 0.76. The company has a current ratio of 1.06, a quick ratio of 0.94 and a debt-to-equity ratio of 0.19. The firm’s 50 day moving average price is $510.64 and its 200-day moving average price is $464.61. Tyler Technologies, Inc. has a 52 week low of $361.16 and a 52 week high of $593.50.

Tyler Technologies (NYSE:TYL) last issued its quarterly earnings data on Wednesday, July 24th. The technology company reported $2.40 EPS for the quarter, topping the consensus estimate of $2.34 by $0.06. Tyler Technologies had a return on equity of 9.66% and a net margin of 10.24%. The company had revenue of $540.98 million during the quarter, compared to analyst estimates of $541.01 million. During the same quarter in the previous year, the company posted $1.53 earnings per share. Tyler Technologies’s revenue was up 7.3% compared to the same quarter last year. On average, analysts forecast that Tyler Technologies, Inc. will post 7.23 EPS for the current year.

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.