Benjamin Edwards Inc. Has $204,000 Stock Position in Tyler Technologies, Inc. (NYSE:TYL)

Benjamin Edwards Inc. lessened its position in Tyler Technologies, Inc. (NYSE:TYL) by 7.3% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 405 shares of the technology company’s stock after selling 32 shares during the period. Benjamin Edwards Inc.’s holdings in Tyler Technologies were worth $204,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Benjamin F. Edwards & Company Inc. grew its stake in shares of Tyler Technologies by 6.9% in 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 in the last quarter. Intech Investment Management LLC boosted its holdings in Tyler Technologies by 72.6% during the second quarter. Intech Investment Management LLC now owns 3,572 shares of the technology company’s stock worth $1,796,000 after purchasing an additional 1,502 shares during the last quarter. Vanguard Personalized Indexing Management LLC grew its position in 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 purchasing an additional 713 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. increased its stake in Tyler Technologies by 17.3% in the 2nd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 698 shares of the technology company’s stock valued at $351,000 after buying an additional 103 shares during the last quarter. Finally, Mercer Global Advisors Inc. ADV increased its stake in Tyler Technologies by 1.9% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 1,746 shares of the technology company’s stock valued at $878,000 after buying an additional 33 shares during the last quarter. Institutional investors and hedge funds own 93.30% of the company’s stock.

Insider Activity

In related news, insider John S. Marr, Jr. sold 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $578.94, for a total transaction of $2,894,700.00. Following the sale, the insider now owns 6,983 shares of the company’s stock, valued at approximately $4,042,738.02. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director Glenn A. Carter sold 3,350 shares of Tyler Technologies stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $582.57, for a total transaction of $1,951,609.50. Following the completion of the sale, the director now owns 2,654 shares of the company’s stock, valued at $1,546,140.78. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider John S. Marr, Jr. sold 5,000 shares of the company’s stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $578.94, for a total value of $2,894,700.00. Following the completion of the transaction, the insider now owns 6,983 shares in the company, valued at $4,042,738.02. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 29,375 shares of company stock worth $17,049,739. 2.20% of the stock is owned by company insiders.

Tyler Technologies Trading Down 0.4 %

NYSE:TYL opened at $577.80 on Friday. Tyler Technologies, Inc. has a 1 year low of $361.16 and a 1 year high of $598.93. The stock’s fifty day moving average price is $570.67 and its two-hundred day moving average price is $498.05. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.06 and a quick ratio of 1.06. The company has a market cap of $24.53 billion, a P/E ratio of 130.72, a P/E/G ratio of 5.42 and a beta of 0.78.

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

Analyst Ratings Changes

Several research firms have weighed in on TYL. Truist Financial reissued a “buy” rating and issued a $600.00 price objective (up previously from $560.00) on shares of Tyler Technologies in a research report on Friday, July 26th. Needham & Company LLC restated a “buy” rating and set a $600.00 price target on shares of Tyler Technologies in a research report on Thursday, July 25th. Oppenheimer lifted 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. Barclays increased their target price on shares of Tyler Technologies from $515.00 to $577.00 and gave the company an “equal weight” rating in a research report on Friday, July 26th. Finally, DA Davidson lifted their price target on shares of Tyler Technologies from $456.00 to $525.00 and gave the stock a “neutral” rating in a report on Friday, July 26th. Four research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $582.31.

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.