Northwestern Mutual Wealth Management Co. Has $492,000 Stake in Tyler Technologies, Inc. (NYSE:TYL)

Northwestern Mutual Wealth Management Co. grew its position in Tyler Technologies, Inc. (NYSE:TYL) by 55.4% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 979 shares of the technology company’s stock after buying an additional 349 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Tyler Technologies were worth $492,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Independence Bank of Kentucky acquired a new position in Tyler Technologies during the second quarter valued at approximately $25,000. Kapitalo Investimentos Ltda bought a new position in shares of Tyler Technologies in the 4th quarter valued at $26,000. Covestor Ltd raised its holdings in shares of Tyler Technologies by 153.6% during the 1st quarter. Covestor Ltd now owns 71 shares of the technology company’s stock worth $30,000 after buying an additional 43 shares in the last quarter. Blue Trust Inc. lifted its position in shares of Tyler Technologies by 329.4% during the 2nd quarter. Blue Trust Inc. now owns 73 shares of the technology company’s stock worth $37,000 after buying an additional 56 shares during the last quarter. Finally, Lynx Investment Advisory acquired a new stake in Tyler Technologies in the second quarter valued at about $38,000. 93.30% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have commented on TYL shares. Wells Fargo & Company boosted their target price on Tyler Technologies from $580.00 to $600.00 and gave the stock an “overweight” rating in a research note on Friday, July 26th. Barclays raised shares of Tyler Technologies from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $577.00 to $700.00 in a research note on Monday. DA Davidson boosted 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. Piper Sandler increased their price target on Tyler Technologies from $529.00 to $625.00 and gave the company an “overweight” rating in a research note on Friday, July 26th. Finally, The Goldman Sachs Group restated a “buy” rating and set a $627.00 price objective on shares of Tyler Technologies in a research report on Friday, September 13th. Two investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, Tyler Technologies presently has a consensus rating of “Moderate Buy” and an average target price of $591.77.

Tyler Technologies Stock Performance

NYSE:TYL 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. Tyler Technologies, Inc. has a fifty-two week low of $361.16 and a fifty-two week high of $598.93. The company has a 50 day simple moving average of $580.32 and a two-hundred day simple moving average of $512.20. The company has a market capitalization of $25.21 billion, a PE ratio of 134.33, a P/E/G ratio of 5.40 and a beta of 0.78.

Tyler Technologies (NYSE:TYL) last posted its quarterly earnings data on Wednesday, July 24th. The technology company reported $2.40 earnings per share for the quarter, topping the consensus estimate of $2.34 by $0.06. The company had revenue of $540.98 million during 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%. Tyler Technologies’s revenue for the quarter was up 7.3% compared to the same quarter last year. During the same period in the prior year, the company posted $1.53 earnings per share. Research analysts anticipate that Tyler Technologies, Inc. will post 7.21 earnings per share for the current year.

Insider Transactions at Tyler Technologies

In related news, insider John S. Marr, Jr. sold 5,000 shares of the firm’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 transaction of $2,894,700.00. Following the completion of the sale, the insider now owns 6,983 shares of the company’s stock, valued at $4,042,738.02. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, Director Daniel M. Pope sold 275 shares of the stock in a transaction on Monday, July 29th. The shares were sold at an average price of $578.26, for a total transaction of $159,021.50. Following the transaction, the director now directly owns 3,218 shares of the company’s stock, valued at $1,860,840.68. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider John S. Marr, Jr. sold 5,000 shares of the firm’s stock in a transaction on 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 of the company’s stock, valued at $4,042,738.02. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 29,375 shares of company stock valued at $17,049,739. Corporate insiders own 2.20% of the company’s stock.

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.