Virtu Financial LLC Buys 260 Shares of Tyler Technologies, Inc. (NYSE:TYL)

Virtu Financial LLC lifted its holdings in shares of Tyler Technologies, Inc. (NYSE:TYL) by 32.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,071 shares of the technology company’s stock after purchasing an additional 260 shares during the period. Virtu Financial LLC’s holdings in Tyler Technologies were worth $447,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in TYL. UBS Group AG boosted its position in shares of Tyler Technologies by 7.8% during the 3rd quarter. UBS Group AG now owns 52,779 shares of the technology company’s stock valued at $20,380,000 after purchasing an additional 3,810 shares in the last quarter. DekaBank Deutsche Girozentrale boosted its position in shares of Tyler Technologies by 0.5% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 12,342 shares of the technology company’s stock valued at $4,785,000 after purchasing an additional 64 shares in the last quarter. Envestnet Portfolio Solutions Inc. bought a new stake in shares of Tyler Technologies during the 3rd quarter valued at about $2,116,000. Envestnet Asset Management Inc. boosted its position in shares of Tyler Technologies by 46.7% during the 3rd 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 in the last quarter. Finally, V Square Quantitative Management LLC boosted its position in shares of Tyler Technologies by 662.2% during the 3rd quarter. V Square Quantitative Management LLC now owns 564 shares of the technology company’s stock valued at $218,000 after purchasing an additional 490 shares in the last quarter. Institutional investors own 93.30% of the company’s stock.

Insider Activity

In other news, Director Daniel M. Pope sold 520 shares of the company’s stock in a transaction that occurred on 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 transaction, the director now directly owns 3,493 shares of the company’s stock, valued at $1,715,691.74. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other Tyler Technologies news, Director Daniel M. Pope sold 520 shares of the stock in a transaction on 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 transaction, the director now directly owns 3,493 shares of the company’s stock, valued at $1,715,691.74. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Brenda A. Cline sold 5,000 shares of the stock in a transaction on Monday, April 29th. The shares were sold at an average price of $458.83, for a total value of $2,294,150.00. Following the transaction, the director now directly owns 1,358 shares of the company’s stock, valued at $623,091.14. The disclosure for this sale can be found here. Insiders sold a total of 26,241 shares of company stock valued at $12,495,890 over the last three months. Corporate insiders own 1.50% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. Robert W. Baird upped their price target on Tyler Technologies from $500.00 to $525.00 and gave the stock an “outperform” rating in a research note on Friday, April 26th. Piper Sandler reaffirmed an “overweight” rating and set a $520.00 price target on shares of Tyler Technologies in a research note on Wednesday, April 24th. Oppenheimer upped their price target on Tyler Technologies from $500.00 to $550.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 22nd. DA Davidson upped their price target on Tyler Technologies from $412.00 to $434.00 and gave the stock a “neutral” rating in a research note on Thursday, February 22nd. Finally, JMP Securities reaffirmed a “market outperform” rating and set a $490.00 price target on shares of Tyler Technologies in a research note on Friday, April 26th. Three equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, Tyler Technologies currently has a consensus rating of “Moderate Buy” and a consensus price target of $519.09.

Tyler Technologies Stock Performance

Shares of Tyler Technologies stock opened at $472.90 on Wednesday. The company has a market cap of $20.08 billion, a PE ratio of 106.99, a price-to-earnings-growth ratio of 4.43 and a beta of 0.74. 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 business has a 50 day moving average price of $463.40 and a 200-day moving average price of $437.22. Tyler Technologies, Inc. has a 52 week low of $361.16 and a 52 week high of $500.49.

Tyler Technologies (NYSE:TYL) last released its earnings results on Wednesday, April 24th. The technology company reported $1.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.48 by $0.26. The company had revenue of $512.36 million during the quarter, compared to analyst estimates of $507.79 million. Tyler Technologies had a return on equity of 9.35% and a net margin of 9.50%. Equities analysts anticipate that Tyler Technologies, Inc. will post 7.1 earnings per share for the current fiscal 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.