Ameritas Investment Partners Inc. Has $3.34 Million Stock Holdings in Tyler Technologies, Inc. (NYSE:TYL)

Ameritas Investment Partners Inc. increased its stake in Tyler Technologies, Inc. (NYSE:TYL) by 0.8% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 6,634 shares of the technology company’s stock after acquiring an additional 55 shares during the quarter. Ameritas Investment Partners Inc.’s holdings in Tyler Technologies were worth $3,335,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the stock. Sei Investments Co. boosted its stake in shares of Tyler Technologies by 6.6% in the 2nd quarter. Sei Investments Co. now owns 150,951 shares of the technology company’s stock valued at $75,896,000 after purchasing an additional 9,331 shares during the last quarter. Bridges Investment Management Inc. bought a new stake in Tyler Technologies during the second quarter valued at $287,000. Benjamin F. Edwards & Company Inc. grew its holdings in Tyler Technologies by 6.9% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 1,116 shares of the technology company’s stock worth $561,000 after acquiring an additional 72 shares during the period. Intech Investment Management LLC raised its position in shares of Tyler Technologies by 72.6% in the 2nd quarter. Intech Investment Management LLC now owns 3,572 shares of the technology company’s stock worth $1,796,000 after acquiring an additional 1,502 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC raised its position in shares of Tyler Technologies by 25.3% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 3,527 shares of the technology company’s stock worth $1,773,000 after acquiring an additional 713 shares in the last quarter. 93.30% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, CEO H Lynn Moore, Jr. sold 5,000 shares of the stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $590.98, for a total transaction of $2,954,900.00. Following the completion of the sale, the chief executive officer now directly owns 75,000 shares of the company’s stock, valued at $44,323,500. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Tyler Technologies news, CEO H Lynn Moore, Jr. sold 5,000 shares of the company’s stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $590.98, for a total value of $2,954,900.00. Following the completion of the transaction, the chief executive officer now owns 75,000 shares in the company, valued at approximately $44,323,500. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Daniel M. Pope sold 275 shares of the firm’s stock in a transaction on Monday, July 29th. The shares were sold at an average price of $578.26, for a total value of $159,021.50. Following the sale, the director now directly owns 3,218 shares of the company’s stock, valued at $1,860,840.68. The disclosure for this sale can be found here. Insiders have sold a total of 29,375 shares of company stock valued at $17,049,739 in the last 90 days. 2.20% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

TYL has been the subject of several recent analyst reports. Oppenheimer raised their price objective on shares of Tyler Technologies from $550.00 to $625.00 and gave the stock an “outperform” rating in a research report on Friday, July 26th. Evercore ISI upgraded shares of Tyler Technologies to a “hold” rating in a report on Friday, July 26th. JMP Securities boosted their target price on Tyler Technologies from $490.00 to $580.00 and gave the company a “market outperform” rating in a research report on Monday, July 22nd. Barclays increased their price target on Tyler Technologies from $515.00 to $577.00 and gave the stock an “equal weight” rating in a report on Friday, July 26th. Finally, BTIG Research boosted their price objective on Tyler Technologies from $550.00 to $630.00 and gave the company a “buy” rating in a report on Friday, July 26th. Four equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $582.31.

Tyler Technologies Price Performance

Shares of NYSE:TYL opened at $577.80 on Friday. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.19. The stock has a market cap of $24.53 billion, a PE ratio of 130.72, a price-to-earnings-growth ratio of 5.42 and a beta of 0.78. The stock’s fifty day simple moving average is $570.67 and its two-hundred day simple moving average is $497.49. Tyler Technologies, Inc. has a 1-year low of $361.16 and a 1-year high of $598.93.

Tyler Technologies (NYSE:TYL) last released its quarterly earnings results on Wednesday, July 24th. The technology company reported $2.40 earnings per share for the quarter, beating analysts’ consensus estimates of $2.34 by $0.06. Tyler Technologies had a net margin of 10.24% and a return on equity of 9.66%. The company had revenue of $540.98 million for the quarter, compared to analyst estimates of $541.01 million. During the same period last year, the firm earned $1.53 earnings per share. The firm’s revenue was up 7.3% on a year-over-year basis. As a group, analysts forecast that Tyler Technologies, Inc. will post 7.21 EPS 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.