Exchange Traded Concepts LLC bought a new position in Tyler Technologies, Inc. (NYSE:TYL – Free Report) in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 463 shares of the technology company’s stock, valued at approximately $270,000.
A number of other large investors also recently made changes to their positions in the company. Independence Bank of Kentucky bought a new position in shares of Tyler Technologies during the 2nd quarter worth approximately $25,000. Covestor Ltd boosted its holdings in shares of Tyler Technologies by 153.6% in the 1st quarter. Covestor Ltd now owns 71 shares of the technology company’s stock worth $30,000 after buying an additional 43 shares during the last quarter. Blue Trust Inc. grew its position in Tyler Technologies by 329.4% during the second quarter. Blue Trust Inc. now owns 73 shares of the technology company’s stock valued at $37,000 after buying an additional 56 shares during the period. Lynx Investment Advisory purchased a new stake in Tyler Technologies during the second quarter worth about $38,000. Finally, Larson Financial Group LLC raised its position in Tyler Technologies by 675.0% in the first quarter. Larson Financial Group LLC now owns 93 shares of the technology company’s stock worth $40,000 after acquiring an additional 81 shares during the period. 93.30% of the stock is owned by institutional investors.
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 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 transaction, the insider now directly owns 6,983 shares of the company’s stock, valued at approximately $4,042,738.02. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other 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 value of $3,603,062.50. Following the completion of the sale, the chief executive officer now owns 75,000 shares of the company’s stock, valued at approximately $43,236,750. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider John S. Marr, Jr. sold 5,000 shares of Tyler Technologies 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 transaction, the insider now owns 6,983 shares in the company, valued at approximately $4,042,738.02. The trade was a 0.00 % decrease in their position. 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. 2.20% of the stock is currently owned by corporate insiders.
Wall Street Analyst Weigh In
View Our Latest Stock Analysis on Tyler Technologies
Tyler Technologies Trading Up 0.0 %
Shares of Tyler Technologies stock opened at $588.43 on Monday. The company has a 50 day simple moving average of $583.57 and a two-hundred day simple moving average of $521.95. The firm has a market cap of $24.98 billion, a PE ratio of 133.13, a PEG ratio of 5.55 and a beta of 0.78. Tyler Technologies, Inc. has a 1 year low of $361.16 and a 1 year high of $606.93. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.06 and a quick ratio of 1.06.
Tyler Technologies (NYSE:TYL – Get Free Report) last posted 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. Tyler Technologies had a net margin of 10.24% and a return on equity of 9.66%. The company had revenue of $540.98 million during the quarter, compared to the consensus estimate of $541.01 million. During the same period in the previous year, the firm posted $1.53 EPS. The firm’s revenue was up 7.3% compared to the same quarter last year. Analysts expect that Tyler Technologies, Inc. will post 7.21 earnings per share for the current fiscal 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.
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