Tyler Technologies, Inc. (NYSE:TYL) Shares Purchased by GAMMA Investing LLC

GAMMA Investing LLC boosted its position in shares of Tyler Technologies, Inc. (NYSE:TYL) by 22.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 568 shares of the technology company’s stock after buying an additional 105 shares during the period. GAMMA Investing LLC’s holdings in Tyler Technologies were worth $241,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Kapitalo Investimentos Ltda acquired a new position in Tyler Technologies in the fourth quarter valued at $26,000. Nomura Holdings Inc. purchased a new stake in Tyler Technologies during the 4th quarter valued at approximately $355,000. PNC Financial Services Group Inc. lifted its position in Tyler Technologies by 1.5% during the 4th quarter. PNC Financial Services Group Inc. now owns 7,370 shares of the technology company’s stock worth $3,082,000 after acquiring an additional 112 shares during the period. Rovin Capital UT ADV grew its stake in shares of Tyler Technologies by 25.4% in the 4th quarter. Rovin Capital UT ADV now owns 1,470 shares of the technology company’s stock valued at $615,000 after purchasing an additional 298 shares during the last quarter. Finally, Vanguard Group Inc. increased its holdings in shares of Tyler Technologies by 1.1% in the fourth quarter. Vanguard Group Inc. now owns 4,969,048 shares of the technology company’s stock valued at $2,077,658,000 after purchasing an additional 55,629 shares during the period. Hedge funds and other institutional investors own 93.30% of the company’s stock.

Insider Buying and Selling at Tyler Technologies

In other news, Director Brenda A. Cline sold 5,000 shares of the stock in a transaction that occurred 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 sale, the director now directly owns 1,358 shares in the company, valued at $623,091.14. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Brenda A. Cline sold 5,000 shares of the stock in a transaction on Monday, April 29th. The stock was sold at an average price of $458.83, for a total transaction of $2,294,150.00. Following the sale, the director now owns 1,358 shares of the company’s stock, valued at $623,091.14. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Brian K. Miller sold 2,671 shares of Tyler Technologies stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $465.03, for a total value of $1,242,095.13. Following the sale, the chief financial officer now owns 13,536 shares of the company’s stock, valued at approximately $6,294,646.08. The disclosure for this sale can be found here. Insiders have sold 26,241 shares of company stock valued at $12,495,890 over the last quarter. Corporate insiders own 2.20% of the company’s stock.

Wall Street Analysts Forecast Growth

TYL has been the subject of several recent research reports. Truist Financial reaffirmed a “buy” rating and set a $560.00 price target (up from $510.00) on shares of Tyler Technologies in a report on Thursday, May 23rd. Loop Capital lifted their target price on shares of Tyler Technologies from $485.00 to $530.00 and gave the company a “buy” rating in a report on Tuesday, May 21st. Piper Sandler reissued an “overweight” rating and set a $520.00 price target on shares of Tyler Technologies in a report on Wednesday, April 24th. DA Davidson lifted their price objective on Tyler Technologies from $412.00 to $434.00 and gave the company a “neutral” rating in a report on Thursday, February 22nd. Finally, Needham & Company LLC increased their target price on Tyler Technologies from $500.00 to $600.00 and gave the stock a “buy” rating in a research note on Tuesday, May 21st. Three analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $519.09.

Tyler Technologies Stock Performance

NYSE TYL opened at $479.20 on Friday. The business has a 50 day moving average price of $465.94 and a 200 day moving average price of $437.76. The company has a market capitalization of $20.35 billion, a P/E ratio of 108.42, a PEG ratio of 4.44 and a beta of 0.74. Tyler Technologies, Inc. has a 1-year low of $361.16 and a 1-year high of $500.49. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.94 and a quick ratio of 0.94.

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

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.