Tidal Investments LLC Buys 243 Shares of Tyler Technologies, Inc. (NYSE:TYL)

Tidal Investments LLC grew its stake in shares of Tyler Technologies, Inc. (NYSE:TYL) by 11.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,412 shares of the technology company’s stock after acquiring an additional 243 shares during the period. Tidal Investments LLC’s holdings in Tyler Technologies were worth $1,408,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Independence Bank of Kentucky acquired a new stake in Tyler Technologies during the 2nd quarter worth approximately $25,000. Ashton Thomas Securities LLC acquired a new position in Tyler Technologies in the 3rd quarter valued at $27,000. Blue Trust Inc. increased its position in Tyler Technologies by 329.4% during the 2nd quarter. Blue Trust Inc. now owns 73 shares of the technology company’s stock worth $37,000 after buying an additional 56 shares during the period. International Assets Investment Management LLC acquired a new stake in shares of Tyler Technologies during the second quarter worth $61,000. Finally, Tobam bought a new stake in shares of Tyler Technologies in the third quarter valued at about $78,000. Institutional investors own 93.30% of the company’s stock.

Insider Buying and Selling at Tyler Technologies

In other news, CFO Brian K. Miller sold 3,000 shares of the stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $602.72, for a total value of $1,808,160.00. Following the completion of the transaction, the chief financial officer now directly owns 11,950 shares in the company, valued at approximately $7,202,504. This represents a 20.07 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider John S. Marr, Jr. sold 12,000 shares of the firm’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $613.66, for a total value of $7,363,920.00. Following the sale, the insider now directly owns 6,983 shares in the company, valued at approximately $4,285,187.78. This trade represents a 63.21 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 42,252 shares of company stock worth $26,096,928 over the last quarter. Corporate insiders own 2.20% of the company’s stock.

Tyler Technologies Price Performance

Shares of TYL stock opened at $591.18 on Thursday. The business has a fifty day simple moving average of $609.66 and a 200 day simple moving average of $568.62. The company has a market cap of $25.30 billion, a P/E ratio of 107.88, a P/E/G ratio of 5.54 and a beta of 0.76. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.18. Tyler Technologies, Inc. has a twelve month low of $397.80 and a twelve month high of $638.56.

Tyler Technologies (NYSE:TYL) last posted its earnings results on Wednesday, October 23rd. The technology company reported $2.52 EPS for the quarter, topping analysts’ consensus estimates of $2.43 by $0.09. The firm had revenue of $543.34 million during the quarter, compared to analysts’ expectations of $547.34 million. Tyler Technologies had a net margin of 11.39% and a return on equity of 9.79%. The business’s revenue for the quarter was up 9.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.66 earnings per share. On average, sell-side analysts forecast that Tyler Technologies, Inc. will post 7.36 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts recently commented on TYL shares. Truist Financial reaffirmed a “buy” rating and set a $685.00 price target (up from $600.00) on shares of Tyler Technologies in a research report on Friday, October 25th. Oppenheimer raised their target price on shares of Tyler Technologies from $625.00 to $700.00 and gave the stock an “outperform” rating in a report on Friday, October 25th. Barclays boosted their price target on Tyler Technologies from $700.00 to $705.00 and gave the company an “overweight” rating in a research note on Friday, October 25th. StockNews.com downgraded Tyler Technologies from a “buy” rating to a “hold” rating in a research report on Friday, December 6th. Finally, DA Davidson lifted their price objective on Tyler Technologies from $525.00 to $550.00 and gave the company a “neutral” rating in a report on Thursday, October 17th. Three research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat, Tyler Technologies currently has an average rating of “Moderate Buy” and an average price target of $642.62.

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.