Tyler Technologies, Inc. (NYSE:TYL) Shares Purchased by Sei Investments Co.

Sei Investments Co. boosted its holdings in Tyler Technologies, Inc. (NYSE:TYL) by 6.6% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 150,951 shares of the technology company’s stock after buying an additional 9,331 shares during the quarter. Sei Investments Co. owned approximately 0.36% of Tyler Technologies worth $75,896,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Gilbert & Cook Inc. boosted its holdings in Tyler Technologies by 7.6% in the fourth quarter. Gilbert & Cook Inc. now owns 1,437 shares of the technology company’s stock valued at $601,000 after purchasing an additional 102 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of Tyler Technologies by 2.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 141,464 shares of the technology company’s stock valued at $59,150,000 after buying an additional 3,961 shares during the last quarter. Avantax Advisory Services Inc. raised its stake in Tyler Technologies by 5.2% during the 4th quarter. Avantax Advisory Services Inc. now owns 670 shares of the technology company’s stock worth $280,000 after acquiring an additional 33 shares in the last quarter. PNC Financial Services Group Inc. lifted its position in Tyler Technologies by 1.5% in the fourth quarter. PNC Financial Services Group Inc. now owns 7,370 shares of the technology company’s stock valued at $3,082,000 after acquiring an additional 112 shares during the last quarter. Finally, UBS Group AG boosted its stake in Tyler Technologies by 8.5% in the fourth quarter. UBS Group AG now owns 57,280 shares of the technology company’s stock valued at $23,950,000 after acquiring an additional 4,501 shares in the last quarter. 93.30% of the stock is currently owned by institutional investors and hedge funds.

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 stock was sold at an average price of $578.94, for a total value of $2,894,700.00. Following the sale, the insider now owns 6,983 shares in the company, valued at approximately $4,042,738.02. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, CEO H Lynn Moore, Jr. sold 6,250 shares of the firm’s stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $576.49, for a total value of $3,603,062.50. Following the completion of the transaction, the chief executive officer now owns 75,000 shares in the company, valued at $43,236,750. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider John S. Marr, Jr. sold 5,000 shares of the business’s stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $578.94, for a total transaction of $2,894,700.00. Following the completion of the sale, 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. In the last three months, insiders sold 29,375 shares of company stock worth $17,049,739. Company insiders own 2.20% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on TYL. The Goldman Sachs Group reissued a “buy” rating and issued a $627.00 target price on shares of Tyler Technologies in a report on Friday, September 13th. BTIG Research raised their target price on shares of Tyler Technologies from $550.00 to $630.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. Barclays lifted their target price on shares of Tyler Technologies from $515.00 to $577.00 and gave the company an “equal weight” rating in a report on Friday, July 26th. DA Davidson increased their price target on shares of Tyler Technologies from $456.00 to $525.00 and gave the stock a “neutral” rating in a research note on Friday, July 26th. Finally, Needham & Company LLC restated a “buy” rating and issued a $600.00 price objective on shares of Tyler Technologies in a research note on Thursday, July 25th. Four analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, Tyler Technologies currently has a consensus rating of “Moderate Buy” and an average price target of $582.31.

Tyler Technologies Trading Down 0.4 %

Shares of Tyler Technologies stock opened at $577.80 on Friday. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.19. The firm has a market cap of $24.53 billion, a price-to-earnings ratio of 130.72, a price-to-earnings-growth ratio of 5.42 and a beta of 0.78. Tyler Technologies, Inc. has a 52-week low of $361.16 and a 52-week high of $598.93. The company’s 50-day simple moving average is $570.67 and its 200-day simple moving average is $498.05.

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