Benjamin F. Edwards & Company Inc. Acquires 72 Shares of Tyler Technologies, Inc. (NYSE:TYL)

Benjamin F. Edwards & Company Inc. raised its holdings in Tyler Technologies, Inc. (NYSE:TYL) by 6.9% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,116 shares of the technology company’s stock after buying an additional 72 shares during the quarter. Benjamin F. Edwards & Company Inc.’s holdings in Tyler Technologies were worth $561,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the business. Gilbert & Cook Inc. raised its stake in Tyler Technologies by 7.6% during the 4th 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 during the last quarter. Dimensional Fund Advisors LP raised its holdings in 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 acquiring an additional 3,961 shares in the last quarter. UBS Group AG raised its holdings in Tyler Technologies by 8.5% in the 4th 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. Corient Private Wealth LLC lifted its position in shares of Tyler Technologies by 34.7% in the 4th quarter. Corient Private Wealth LLC now owns 3,451 shares of the technology company’s stock worth $1,443,000 after acquiring an additional 889 shares during the period. Finally, Hsbc Holdings PLC grew its holdings in shares of Tyler Technologies by 5.3% during the 4th quarter. Hsbc Holdings PLC now owns 53,576 shares of the technology company’s stock worth $22,375,000 after purchasing an additional 2,696 shares in the last quarter. 93.30% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Tyler Technologies

In related news, CEO H Lynn Moore, Jr. sold 5,000 shares of the firm’s stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $576.62, for a total value of $2,883,100.00. Following the transaction, the chief executive officer now owns 75,000 shares in the company, valued at $43,246,500. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Tyler Technologies news, CEO H Lynn Moore, Jr. sold 6,250 shares of the company’s stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $576.49, for a total transaction of $3,603,062.50. Following the completion of the sale, the chief executive officer now owns 75,000 shares in the company, valued at approximately $43,236,750. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO H Lynn Moore, Jr. sold 5,000 shares of the firm’s stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $576.62, for a total value of $2,883,100.00. Following the completion of the transaction, the chief executive officer now owns 75,000 shares in the company, valued at $43,246,500. The disclosure for this sale can be found here. Insiders sold a total of 29,375 shares of company stock worth $17,049,739 over the last 90 days. 2.20% of the stock is owned by insiders.

Tyler Technologies Stock Up 0.2 %

Shares of NYSE TYL opened at $585.15 on Wednesday. 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 company has a market cap of $24.84 billion, a price-to-earnings ratio of 132.39, a price-to-earnings-growth ratio of 5.42 and a beta of 0.78. Tyler Technologies, Inc. has a 12-month low of $361.16 and a 12-month high of $598.93. The firm’s 50-day simple moving average is $573.06 and its 200 day simple moving average is $500.90.

Tyler Technologies (NYSE:TYL) last issued 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 business had revenue of $540.98 million during the quarter, compared to analyst estimates of $541.01 million. During the same quarter last year, the business posted $1.53 earnings per share. Tyler Technologies’s revenue for the quarter was up 7.3% compared to the same quarter last year. On average, research analysts expect that Tyler Technologies, Inc. will post 7.21 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages recently commented on TYL. Needham & Company LLC restated a “buy” rating and issued a $600.00 target price on shares of Tyler Technologies in a research note on Thursday, July 25th. Wells Fargo & Company raised their price objective on shares of Tyler Technologies from $580.00 to $600.00 and gave the stock an “overweight” rating in a report on Friday, July 26th. Evercore ISI raised shares of Tyler Technologies to a “hold” rating in a research note on Friday, July 26th. Barclays raised their price target on shares of Tyler Technologies from $515.00 to $577.00 and gave the stock an “equal weight” rating in a research note on Friday, July 26th. Finally, Truist Financial reiterated a “buy” rating and issued a $600.00 price objective (up from $560.00) on shares of Tyler Technologies in a research note on Friday, July 26th. Four analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $582.31.

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.