GAMMA Investing LLC Purchases 207 Shares of Tyler Technologies, Inc. (NYSE:TYL)

GAMMA Investing LLC lifted its position in Tyler Technologies, Inc. (NYSE:TYL) by 22.9% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,111 shares of the technology company’s stock after buying an additional 207 shares during the period. GAMMA Investing LLC’s holdings in Tyler Technologies were worth $649,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Goldman Sachs Group Inc. boosted its stake in Tyler Technologies by 23.2% in the 4th quarter. Goldman Sachs Group Inc. now owns 237,677 shares of the technology company’s stock worth $99,378,000 after purchasing an additional 44,680 shares during the period. Stephens Inc. AR boosted its stake in Tyler Technologies by 7.0% in the 4th quarter. Stephens Inc. AR now owns 2,559 shares of the technology company’s stock worth $1,070,000 after purchasing an additional 167 shares during the period. Shell Asset Management Co. boosted its stake in Tyler Technologies by 32.1% in the 4th quarter. Shell Asset Management Co. now owns 2,685 shares of the technology company’s stock worth $1,123,000 after purchasing an additional 653 shares during the period. Wasatch Advisors LP boosted its stake in Tyler Technologies by 74.2% in the 4th quarter. Wasatch Advisors LP now owns 1,775 shares of the technology company’s stock worth $742,000 after purchasing an additional 756 shares during the period. Finally, Icon Wealth Advisors LLC acquired a new position in Tyler Technologies in the 4th quarter worth $897,000. Institutional investors own 93.30% of the company’s stock.

Insider Buying and Selling at Tyler Technologies

In other Tyler Technologies news, CEO H Lynn Moore, Jr. sold 5,000 shares of the stock in a transaction dated Thursday, September 12th. The shares were 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 directly owns 75,000 shares of the company’s stock, valued at $43,246,500. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CEO H Lynn Moore, Jr. sold 6,250 shares of the firm’s stock in a transaction that occurred 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 transaction, the chief executive officer now directly owns 75,000 shares of the company’s stock, valued at approximately $43,236,750. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO H Lynn Moore, Jr. sold 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $576.62, for a total transaction of $2,883,100.00. Following the transaction, the chief executive officer now directly owns 75,000 shares in the company, valued at $43,246,500. This represents a 0.00 % decrease in their ownership of the stock. 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 three months. 2.20% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities analysts recently weighed in on TYL shares. DA Davidson upped their target price 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. BTIG Research increased their price objective on shares of Tyler Technologies from $550.00 to $630.00 and gave the stock a “buy” rating in a research note on Friday, July 26th. Piper Sandler increased their price objective on shares of Tyler Technologies from $529.00 to $625.00 and gave the stock an “overweight” rating in a research note on Friday, July 26th. Evercore ISI upgraded shares of Tyler Technologies to a “hold” rating in a research note on Friday, July 26th. Finally, Truist Financial restated a “buy” rating and set a $600.00 price objective (up from $560.00) on shares of Tyler Technologies in a research note on Friday, July 26th. Two research analysts have rated the stock with a hold rating and twelve 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 target price of $591.77.

Tyler Technologies Stock Up 2.1 %

Shares of TYL stock opened at $593.75 on Wednesday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.06 and a current ratio of 1.06. The firm’s 50-day moving average is $580.32 and its 200-day moving average is $512.20. The stock has a market cap of $25.21 billion, a price-to-earnings ratio of 134.33, a PEG ratio of 5.40 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.

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 the consensus estimate of $2.34 by $0.06. The firm had revenue of $540.98 million for the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same period in the prior year, the firm earned $1.53 EPS. Sell-side analysts predict that Tyler Technologies, Inc. will post 7.21 EPS for the current 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.