PNC Financial Services Group Inc. Has $3.08 Million Stake in Tyler Technologies, Inc. (NYSE:TYL)

PNC Financial Services Group Inc. increased its holdings in shares of Tyler Technologies, Inc. (NYSE:TYL) by 1.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,370 shares of the technology company’s stock after purchasing an additional 112 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Tyler Technologies were worth $3,082,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Livforsakringsbolaget Skandia Omsesidigt bought a new stake in Tyler Technologies during the fourth quarter worth $31,000. Headlands Technologies LLC bought a new stake in Tyler Technologies during the fourth quarter worth $40,000. Lindbrook Capital LLC raised its position in Tyler Technologies by 50.6% during the fourth quarter. Lindbrook Capital LLC now owns 116 shares of the technology company’s stock worth $49,000 after acquiring an additional 39 shares in the last quarter. Chilton Capital Management LLC bought a new stake in Tyler Technologies during the fourth quarter worth $52,000. Finally, Headinvest LLC bought a new stake in Tyler Technologies during the third quarter worth $78,000. Institutional investors and hedge funds own 93.30% of the company’s stock.

Insiders Place Their Bets

In other Tyler Technologies news, Director Daniel M. Pope sold 520 shares of the stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $491.18, for a total transaction of $255,413.60. Following the sale, the director now directly owns 3,493 shares in the company, valued at $1,715,691.74. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, CFO Brian K. Miller sold 800 shares of the firm’s stock in a transaction that occurred on Tuesday, June 11th. The shares were sold at an average price of $479.28, for a total value of $383,424.00. Following the sale, the chief financial officer now directly owns 12,736 shares in the company, valued at approximately $6,104,110.08. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Daniel M. Pope sold 520 shares of the firm’s stock in a transaction that occurred on Wednesday, May 15th. The shares were 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 in the company, valued at $1,715,691.74. The disclosure for this sale can be found here. Insiders have sold 26,241 shares of company stock worth $12,495,890 over the last ninety days. Corporate insiders own 2.20% of the company’s stock.

Tyler Technologies Price Performance

NYSE:TYL opened at $472.90 on Thursday. Tyler Technologies, Inc. has a 52 week low of $361.16 and a 52 week high of $500.49. The firm has a market cap of $20.08 billion, a price-to-earnings ratio of 106.99, a P/E/G ratio of 4.44 and a beta of 0.74. The firm’s 50-day simple moving average is $464.62 and its 200 day simple moving average is $437.47. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.94 and a current ratio of 0.94.

Tyler Technologies (NYSE:TYL) last released its quarterly earnings results on Wednesday, April 24th. The technology company reported $1.74 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 analyst estimates of $507.79 million. Tyler Technologies had a net margin of 9.50% and a return on equity of 9.35%. As a group, sell-side analysts predict that Tyler Technologies, Inc. will post 7.1 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts have issued reports on TYL shares. Oppenheimer upped their price target on shares of Tyler Technologies from $500.00 to $550.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 22nd. Truist Financial reissued a “buy” rating and issued a $560.00 price objective (up from $510.00) on shares of Tyler Technologies in a research report on Thursday, May 23rd. JMP Securities reissued a “market outperform” rating and issued a $490.00 price objective on shares of Tyler Technologies in a research report on Friday, April 26th. Robert W. Baird increased 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. Finally, Needham & Company LLC increased their price objective on shares of Tyler Technologies from $500.00 to $600.00 and gave the company a “buy” rating in a research report on Tuesday, May 21st. Three analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $519.09.

About Tyler Technologies

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.